In insolvency proceedings under the IBC, a transaction can be recognized as financial debt based on the real nature and substance of the transaction s...

An order admitting a Corporate Debtor to CIRP must be set aside if the affected party was not afforded a proper opportunity of hearing, and, after suc...

Only claims substantiated by valid and verifiable proof of financial disbursement can be recognized as those of a Financial Creditor under the IBC, an...

Section 17(5) of the SARFAESI Act imposes a statutory mandate on the Debts Recovery Tribunal to dispose of securitisation applications within 60 days,...

Section 14 of the Limitation Act cannot be invoked to extend the limitation period for a Section 7 IBC application where the prior DRT proceedings wer...

Once a resolution plan is approved by the Committee of Creditors with the requisite majority and found compliant with Section 30(2) of the Insolvency ...

The Supreme Court held that once issuance of a cheque is admitted, statutory presumptions under Sections 118 and 139 of the Negotiable Instruments Act...

Directors who deploy corporate funds into illiquid, non-traded shares despite imminent insolvency and without reasonable due diligence are liable for ...

The Supreme Court held that an auction sale of leasehold property is void when conducted without disclosing or determining the lessor’s statutory dues...