The Appellant does Not Qualify as an Operational Creditor under the IBC due to the Absence of Proof of debt as per the Contractual Terms agreed upon
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Latest News on the Insolvency, Bankruptcy and Debt Recovery laws
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![The Appellant does Not Qualify as an Operational Creditor under the IBC due to the Absence of Proof of debt as per the Contractual Terms agreed upon](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![](https://static.wixstatic.com/media/d515a3_d453843978fc484d99b2a595edeadab4~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_d453843978fc484d99b2a595edeadab4~mv2.webp)
![Claims under the EPF Act, including contributions, interest, and damages, are not part of the liquidation estate; instead, these claims hold priority status](https://static.wixstatic.com/media/d515a3_d453843978fc484d99b2a595edeadab4~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_d453843978fc484d99b2a595edeadab4~mv2.webp)
- 3 days ago
- 3 min
Claims under the EPF Act, including contributions, interest, and damages, are not part of the liquidation estate; instead, these claims hold priority status
![](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![Mere Assignment of Trade Receivables Without Underlying Proof of Debt and Default is Insufficient to File an Application under Section 7 of the IBC](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- 4 days ago
- 3 min
Mere Assignment of Trade Receivables Without Underlying Proof of Debt and Default is Insufficient to File an Application under Section 7 of the IBC
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![NCLAT clarifies that the sale of assets in liquidation under the IBC must strictly adhere to its provisions and regulations](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- 4 days ago
- 2 min
NCLAT clarifies that the sale of assets in liquidation under the IBC must strictly adhere to its provisions and regulations
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![Moratorium under the IBC cannot protect the applicant from proceedings under Section 138/141 of the Negotiable Instruments Act for his vicarious liability](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Jun 28
- 3 min
Moratorium under the IBC cannot protect the applicant from proceedings under Section 138/141 of the Negotiable Instruments Act for his vicarious liability
![](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
![Insolvency and Bankruptcy Board of India (IBBI) Invites Applications for the Post of Whole Time Member](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_473,h_250,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Jun 8
- 2 min
Insolvency and Bankruptcy Board of India (IBBI) Invites Applications for the Post of Whole Time Member
![](https://static.wixstatic.com/media/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.webp)
![Insolvency and Bankruptcy Code applies to personal guarantors to corporate debtors but not to partnership firms and their directors unless explicitly stated](https://static.wixstatic.com/media/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.jpg/v1/fill/w_320,h_180,fp_0.50_0.50,q_90,enc_auto/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.webp)
- Jun 3
- 2 min
Insolvency and Bankruptcy Code applies to personal guarantors to corporate debtors but not to partnership firms and their directors unless explicitly stated
![Supreme Court Rules the Existence of a Mortgage and Recoverable Loan Amounts Justify Proceedings under the SARFAESI Act](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_473,h_355,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- May 31
- 2 min
Supreme Court Rules the Existence of a Mortgage and Recoverable Loan Amounts Justify Proceedings under the SARFAESI Act
![](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
![Insolvency and Bankruptcy Board of India (IBBI) Invites Applications for the Post of Whole Time Member](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_473,h_250,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Jun 8
- 2 min
Insolvency and Bankruptcy Board of India (IBBI) Invites Applications for the Post of Whole Time Member
![](https://static.wixstatic.com/media/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.webp)
![Insolvency and Bankruptcy Code applies to personal guarantors to corporate debtors but not to partnership firms and their directors unless explicitly stated](https://static.wixstatic.com/media/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.jpg/v1/fill/w_320,h_180,fp_0.50_0.50,q_90,enc_auto/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.webp)
- Jun 3
- 2 min
Insolvency and Bankruptcy Code applies to personal guarantors to corporate debtors but not to partnership firms and their directors unless explicitly stated
![Supreme Court Rules the Existence of a Mortgage and Recoverable Loan Amounts Justify Proceedings under the SARFAESI Act](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_473,h_355,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- May 31
- 2 min
Supreme Court Rules the Existence of a Mortgage and Recoverable Loan Amounts Justify Proceedings under the SARFAESI Act
![](https://static.wixstatic.com/media/d515a3_afb3adc49d7c4ffe8b811152ad902b39~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_afb3adc49d7c4ffe8b811152ad902b39~mv2.webp)
![High Court Directs ICICI Bank Chairman to Justify Use of Recovery Agents Despite Supreme Court Ban](https://static.wixstatic.com/media/d515a3_afb3adc49d7c4ffe8b811152ad902b39~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_afb3adc49d7c4ffe8b811152ad902b39~mv2.webp)
- May 28
- 2 min
High Court Directs ICICI Bank Chairman to Justify Use of Recovery Agents Despite Supreme Court Ban
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![The Appellant does Not Qualify as an Operational Creditor under the IBC due to the Absence of Proof of debt as per the Contractual Terms agreed upon](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- 3 days ago
- 2 min
The Appellant does Not Qualify as an Operational Creditor under the IBC due to the Absence of Proof of debt as per the Contractual Terms agreed upon
![](https://static.wixstatic.com/media/d515a3_d453843978fc484d99b2a595edeadab4~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_d453843978fc484d99b2a595edeadab4~mv2.webp)
![Claims under the EPF Act, including contributions, interest, and damages, are not part of the liquidation estate; instead, these claims hold priority status](https://static.wixstatic.com/media/d515a3_d453843978fc484d99b2a595edeadab4~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_d453843978fc484d99b2a595edeadab4~mv2.webp)
- 3 days ago
- 3 min
Claims under the EPF Act, including contributions, interest, and damages, are not part of the liquidation estate; instead, these claims hold priority status
![](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![Mere Assignment of Trade Receivables Without Underlying Proof of Debt and Default is Insufficient to File an Application under Section 7 of the IBC](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- 4 days ago
- 3 min
Mere Assignment of Trade Receivables Without Underlying Proof of Debt and Default is Insufficient to File an Application under Section 7 of the IBC
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![NCLAT clarifies that the sale of assets in liquidation under the IBC must strictly adhere to its provisions and regulations](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_473,h_355,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- 4 days ago
- 2 min
NCLAT clarifies that the sale of assets in liquidation under the IBC must strictly adhere to its provisions and regulations