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Dec 9, 2022

Sole Proprietor can be prosecuted under section 138 NI Act, without arraying the proprietorship firm

The Punjab & Haryana High Court held that non-arraying of the proprietorship firm/concern is not an impediment in proceeding against the...

May 24, 2023

Once a sale certificate is issued, the sale cannot be set aside unless on the ground of fraud

The Debts Recovery Appellate Tribunal, Kolkata bench comprising Justice Anil Kumar Srivastava was hearing an appeal filed by the Secured...

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ARTICLES

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Dec 24, 2024

Surety’s Right of Subrogation Under the Insolvency and Bankruptcy Code

Dr. C.S. Raghu Raman, LL.M., Ph.D.

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Mar 23, 2024

The Legal Dynamics of Dishonour of Cheques in India: A Detailed Overview

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.

REEDLAW

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Apr 2, 2024

Navigating Valuation Challenges in Corporate Insolvency Resolution: A Case Analysis of M/s. Jeypore Sugar Company Limited

REEDLAW

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Mar 19, 2024

Upholding Financial Rights: A Legal Analysis of Limited Guardianship under the Rights of Persons with Disabilities Act, 2016

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.

Mrs. Rachna Gupta, Advocate

LATEST CASE LAWS

Supreme Court

High Court

NCLAT

The Supreme Court, while dismissing the appeals, examined the correctness of the NCLAT’s decision dated 18.01.2024, wherein the applications seeking condonation of delay in filing the appeals were rejected, leading to the dismissal of the appeals themselves. The underlying appeals before the NCLAT challenged two orders of the NCLT dated 20.07.2023: one rejecting the appellant’s application under Section 60(5) read with Section 35(1)(n) of the IBC for placing his Resolution Plan before the Committee of Creditors and staying voting results; and the other allowing the Resolution Pr...

A Rajendra v. Gonugunta Madhusudhan Rao and Others

April 4, 2025

REEDLAW 2025 SC 04505

The Letters Patent Appeal was filed by the appellant assailing the judgment dated 27.08.2024 passed by the learned Single Judge in W.P.(C) 15588/2023, whereby the writ petition challenging the suspension of his registration as an Insolvency Professional by the Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (IBBI) was dismissed. The appellant, who had been registered with IBBI since 02.06.2017, was appointed as Interim Resolution Professional (IRP) and later as Resolution Professional (RP) in the CIRP of GTHS Retails Pvt. Ltd., which ended in liquidat...

Sandeep Kumar Bhatt v. Insolvency and Bankruptcy Board of India and Others

April 3, 2025

REEDLAW 2025 Del 04528

The Appellant had filed an appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 before the National Company Law Appellate Tribunal (NCLAT), challenging the order passed by the Adjudicating Authority (NCLT, Ahmedabad Bench) on 14 November 2024 in CP (IB) No. 180 (AHM) of 2022. The original petition under Section 9 of the IBC was filed by the Operational Creditor—Tirupati Enterprises—against the Corporate Debtor—Sadbhav Engineering Ltd.—for initiation of the Corporate Insolvency Resolution Process (CIRP) on account of unpaid operational dues. The NCLT had dismissed ...

Tirupati Drilling & Mining Services Private Limited v. Sadbhav Engineering Limited

April 8, 2025

REEDLAW 2025 NCLAT Del 04511

DRAT

The Debts Recovery Appellate Tribunal (DRAT) considered an appeal filed by Vijaya Bank against the judgment and order dated July 3, 2018, passed by the Debts Recovery Tribunal-I (DRT-I), Hyderabad, in S.A. No. 13 of 2007. The case stemmed from a dispute over actions taken by the bank under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), following the classification of a loan account as a Non-Performing Asset (NPA). The Respondents, including Waheeda Sultana as the Applicant in the S.A., challenged the measu...

Bank of Baroda, Asset Recovery Management Branch v. Waheeda Sultana and Others

January 13, 2025

REEDLAW 2025 DRAT Kol 01210

LATEST CIRCULARS & NOTIFICATIONS

Insolvency and Bankruptcy Board of India

No. IBBI/PR/2025/09

April 7, 2025

Press Release

Insolvency and Bankruptcy Board of India

No. IBBI/LIQ/84/2025

March 28, 2025

Circular

Insolvency and Bankruptcy Board of India

No. IBBI/CIRP/83/2025

March 17, 2025

Circular

MINISTRY OF CORPORATE AFFAIRS

No. 30/2/2024-Insolvency

February 12, 2025

Notification

Bank CLR

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