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Inherent power of NCLT to recall an order to secure the ends of justice

Corporate Law : Supreme Court landmark judgment in Greater Noida Industrial Development Authority vs. Prabhjit Singh Soni clarifies creditor right...

May 30, 2024 318 Views 0 comment Print

Latest Case Law Related to IBC – January-Mar, 2024

Corporate Law : Explore recent Supreme Court rulings on dissenting creditor rights and set-off claims in insolvency cases. Detailed analysis of ke...

May 16, 2024 429 Views 0 comment Print

Bank Account Freeze due to Company Strike Off – How to get lifted?

Company Law : Discover how to lift a bank account freeze due to company strike off. Learn the steps under Companies Act, 2013, to restore your b...

April 4, 2024 1941 Views 1 comment Print

Latest Case Law Related to IBC – October to December 2023

Corporate Law : Explore significant legal developments, Supreme Court verdicts, and detailed analyses in the Q4 2023 newsletter. Stay informed on ...

February 19, 2024 1311 Views 0 comment Print

Fate of Employees, When Employers Faces IBC Proceedings : A Legal Analysis

Corporate Law : Explore the vital role of the Insolvency and Bankruptcy Code (IBC) in protecting employee rights during corporate insolvency, high...

February 11, 2024 1509 Views 0 comment Print


Latest News


Discussion Paper on Streamlining CIRP Form Compliance for Insolvency Professionals

Corporate Law : Discover how the latest revisions in CIRP forms by IBBI aim to reduce the compliance burden on insolvency professionals and stream...

June 12, 2024 210 Views 0 comment Print

Notice inviting comments, by MCA, on review of rules prescribed under IBC 2016

Corporate Law : Join the discussion on MCA's proposed changes to Insolvency and Bankruptcy Code rules. Learn how to participate and share your ins...

April 19, 2024 642 Views 0 comment Print

LLP Act Amendments, Integrated IT Portal, NCLT Framework Strengthening by MCA

Corporate Law : Explore the impact of the LLP (Amendment) Act, 2021 on Ease of Doing Business, startup encouragement, and the introduction of Smal...

January 31, 2024 399 Views 0 comment Print

CBI Arrests An IRP of NCLT In A Bribery Case

Corporate Law : Central Bureau of Investigation has arrested an Interim Resolution Professional (IRP), National Law Tribunal (NCLT), Mumbai and tw...

May 6, 2022 945 Views 0 comment Print

Decriminalization of offences under Companies Act, 2013

Company Law : Over the years, for violations under the Companies Act, 2013 the government had been filing criminal cases as per the provisions o...

October 6, 2021 7119 Views 0 comment Print


Latest Judiciary


Speculative investor cannot claim status & benefits of Financial Creditor: NCLT rejects CIRP Application

Corporate Law : Read the detailed NCLT Chandigarh judgment on Nikhil Khanna's application under Section 7 of IBC against Spaze Towers Pvt Ltd. Ana...

June 30, 2024 36 Views 0 comment Print

NCLT’s rejects CIRP application due to lack of debt proof and default evidence

Corporate Law : Read about NCLT's rejection of Mittal Polymers' CIRP application against Suvarna Additives Pvt Ltd due to lack of debt proof and d...

June 24, 2024 66 Views 0 comment Print

 NCLT admits Resolution Plan for Harvest Hotels

Corporate Law : Read the detailed NCLT Delhi judgment on the case between Asset Reconstruction Company and Harvest Hotels & Services Apartments Pv...

June 24, 2024 249 Views 0 comment Print

Settlement Agreement Breach Not Grounds for CIRP under I&B Code

Corporate Law : NCLT Kolkata ruled that breaches in settlement agreements do not qualify as operational debt under Section 5(21) of IBC. Full anal...

June 24, 2024 66 Views 0 comment Print

Indemnity obligations under a guarantee do not constitute operational debt: NCLT

Corporate Law : NCLT Chandigarh rules indemnity obligation under guarantee is not an operational debt in the case of Agarwal Foundries vs. POSCO E...

June 24, 2024 90 Views 0 comment Print


Latest Notifications


IBBI Disciplinary Committee disposes Chetan Patel Case

Corporate Law : Read about the case involving Chetan Patel, an Insolvency Professional, with detailed analysis of alleged contraventions and submi...

April 3, 2024 267 Views 0 comment Print

IBBI Suspends Insolvency Professional for Auction Irregularities

Corporate Law : IBBI Disciplinary Committee suspends Sanjay Singh, an Insolvency Professional, for irregularities in the e-auction process. Detail...

February 16, 2024 546 Views 0 comment Print

NCLT Chandigarh: Bench 2 Cases Transferred to Bench 1

Company Law : Explore the order dated 03.02.2024 from NCLT Chandigarh transferring all pending cases from Bench 2 to Bench 1. Detailed analysis ...

February 3, 2024 336 Views 0 comment Print

Govt invites applications for the post of Judicial & Technical Members in NCLT

Corporate Law : Filling up of 05 (Five) posts of Judicial Member and 05 (Five) posts of Technical Members in the National Company Law Tribunal (NC...

June 6, 2023 1452 Views 0 comment Print

New Appointments in the National Company Law Tribunal

Corporate Law : The Ministry of Corporate Affairs announces the appointment of new Judicial and Technical Members in the National Company Law Trib...

May 25, 2023 5484 Views 0 comment Print


Financial debt not barred by limitation: NCLT Delhi

February 13, 2024 366 Views 0 comment Print

NCLT Delhi held that ‘financial debt’ is not barred by limitation. Accordingly, application filed by the CFM Asset Reconstruction Private Limited, the Financial Creditor, u/s. 7 of the Code for initiating CIRP against M.G. Finvest Private Limited, the Corporate Debtor, stands admitted.

Application claiming reliefs by successful bidder must be in consonance with process document

February 13, 2024 309 Views 0 comment Print

NCLT Kolkata held that successful bidder of the Corporate Debtor is allowed to file application before Adjudicating Authority claiming reliefs and concessions, however, such reliefs and concessions cannot be too elaborate and general and must be in consonance with process document in the liquidation proceedings.

ITAT Levies Rs. 25,000 Cost Per Appeal on Delinquent Assessee Jet Airways

February 13, 2024 471 Views 0 comment Print

In light of ongoing NCLT insolvency proceedings, ITAT Mumbai orders Jet Airways to contribute Rs 25,000 to the Prime Minister Relief Fund, emphasizing the importance of compliance.

Settlement in IBC Section 7 Proceedings Does Not Conclude Section 43 Actions: NCLT

February 13, 2024 408 Views 0 comment Print

NCLT Mumbai clarifies in Black Rock Financial Services vs Piramal Capital case: Settlement or dropping Sec. 66 doesn’t end proceedings under Sec. 43 automatically.

Simultaneous CIRP Allowed for Principal Borrower & Corporate Guarantor: NCLT

February 12, 2024 543 Views 0 comment Print

NCLT Kolkata allows simultaneous Corporate Insolvency Resolution Process (CIRP) against State Bank of India and Anupriya Management Private Limited, the corporate guarantor.

Fate of Employees, When Employers Faces IBC Proceedings : A Legal Analysis

February 11, 2024 1509 Views 0 comment Print

Explore the vital role of the Insolvency and Bankruptcy Code (IBC) in protecting employee rights during corporate insolvency, highlighting key legal provisions and judicial decisions.

Properties covered under approved resolution plan cannot be provisionally attached u/s 5(1) of PMLA

February 10, 2024 402 Views 0 comment Print

NCLT Hyderabad held that provisional order of attachment u/s. 5(1) of the PMLA of the properties of the corporate debtor covered under the approved resolution plan would not wipe of the protection available to such properties u/s. 32A of I&B Code.

Resolution plan approved by CoC meets requirements of section 30(2) stands approved: NCLT Hyderabad

February 10, 2024 234 Views 0 comment Print

NCLT Hyderabad approved the resolution plan submitted by Resolution Professional of M/s. Sindhanur Gangavathi Tollway Private Limited (Corporate Debtor) as the resolution plan as approved by CoC meets the requirements specified in Section 30(2) of the Code.

Liquidator acted in undue haste directed to freshly conduct private sale of corporate debtor: NCLT Indore

February 7, 2024 357 Views 0 comment Print

NCLT Indore held that liquidator who acted in undue haste in conducting private sale of the corporate debtor as a going concern in non-transparent manner is directed freshly conduct of bidding in specified manner.

Filing Application Without Numbering Doesn’t Trigger Interim Moratorium: Kerala HC

February 6, 2024 270 Views 0 comment Print

Explore the Kerala High Courts judgment on Jeny Thankachans plea, challenging the precedence of the Insolvency and Bankruptcy Code over the Securitisation and Reconstruction Act.

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