Once debt and default are established, the admission of a Section 7 application under the IBC is mandatory, and mere pendency of arbitration or settle...

The Supreme Court held that statutory claims, including those for customs duty, not submitted during the Corporate Insolvency Resolution Process (CIRP...

The mandatory timeline under Clause 1(12) of Schedule I of the Liquidation Process Regulations, 2016, must be strictly adhered to, and neither the liq...

The High Court upheld the Tribunal’s order, emphasizing that while a Chief Judicial Magistrate’s role under Section 14 of the SARFAESI Act is non-adju...

The Supreme Court held that proceedings under Section 138 of the NI Act against the director were unsustainable, as the cause of action arose post-mor...

The Committee of Creditors (CoC) has the exclusive commercial discretion to reject a resolution plan submitted beyond the prescribed deadline, and the...

A notice issued in Form B under Rule 7(1) of the 2019 Rules does not constitute an invocation of the guarantee and cannot extend the limitation period...

Fuel Surcharge (FS) and Special Fuel Surcharge (SFS), being statutory dues under the Electricity Act, 2003, cannot be extinguished under the Insolvenc...

The NCLAT held that once an auction is concluded, the sale certificate is issued, and distributions are made, reopening the process would be futile—es...