An amendment to a pending Section 95 application under the Insolvency and Bankruptcy Code permitting change of the date of default is legally permissi...

A homebuyer’s claim, though filed belatedly after approval of the resolution plan by the Committee of Creditors, cannot be ignored where the allotment...

The forfeiture of amounts paid in a liquidation sale was held lawful where the purchaser, having sought and accepted extension of time granted by the ...

Where a secured creditor had created a prior mortgage over the secured asset, the State could not claim precedence on the basis of a subsequent revenu...

Under the SARFAESI Act, even after the 2016 amendment to Section 13(8), ownership of a secured asset transfers to an auction purchaser only upon compl...

During liquidation, delayed payment of auction consideration beyond the statutory timeline under Schedule-I attracts mandatory interest liability, and...

Once a borrower’s account remains continuously irregular for the prescribed ninety-day period, its classification as an NPA in accordance with RBI nor...

Executing high-value unsecured transactions during the pendency of insolvency proceedings, without a reasonable prospect of recovery and contrary to c...

A defaulting borrower has no enforceable right to compel a bank to accept or specifically perform a non-statutory one-time settlement, as such settlem...