REEDArticles

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The surge in trade and commerce in India has led to a corresponding increase in the use of cheques, resulting in a rise in cheque bouncing disputes.

The case of Mrs. Mohan V. before the Kerala High Court sheds light on the complex legal issues surrounding the financial protection of individuals with disabilities.

The Supreme Court recently addressed appeals concerning the forfeiture of earnest money deposit by a Nationalized Bank in a property auction. The case involved the bank conducting an e-auction of a property and declaring the respondent as the successful bidder. However, the respondent failed to pay the balance amount within the stipulated time, leading to the cancellation of the sale and forfeiture of the earnest money.

Recent observations have unveiled a concerning issue: certain RPs have neglected to share this crucial report with both debtors and creditors, creating an information imbalance. In response, a circular has been issued under section 196 of the Code, urging RPs to share their reports with both parties involved. This article delves into the significance of this circular and the implications it holds for the insolvency resolution process.

The IBBI released a transformative report on January 31, 2024. This report, crafted by an Expert Committee constituted by the IBBI, unveils a groundbreaking "Framework for Use of Mediation under the Insolvency and Bankruptcy Code, 2016."

Kerala High Court's recent judgment delicately navigates the balance between Article 227 powers and statutory remedies in SARFAESI Act cases. Emphasizing exceptional circumstances, the court upholds the hierarchical structure, safeguarding against misuse of constitutional powers while ensuring judicious review of tribunal jurisdiction.

Insolvency and Bankruptcy Code, 2016 (IBC Code) which received presidential assent on 25th May,

The best quality of service supplied to a customer is currently the most significant thing to consider in the banking system. If the customer service offered meets the client's expectations, the bank's

Section 7: Initiation of corporate insolvency resolution process by the financial creditor:
7. (1) A financial creditor either by itself or jointly with [other financial creditors, or any other person on