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Insolvency Professionals to act as IRPs, Liquidators, RPs & BTs (Recommendation) Guidelines, 2021
The Insolvency and Bankruptcy Board of India (IBBI) releases the "Insolvency Professionals to act as Interim Resolution Professionals,...
Jun 2, 20218 min read


SC rules that section 14 of Limitations Act is applicable to the proceedings u/s 7 or 9 of IBC
A Division Bench of the Hon’ble Supreme Court comprising of Justices Indira Banerjee and Hemant Gupta in the case of Sesh Nath Singh &...
May 28, 20214 min read


Banks cannot charge compound interest on loan from borrowers during the moratorium issued by RBI: SC
Full bench of the Hon’ble Supreme Court comprising of Justices Ashok Bhushan, R. Subhash Reddy and M.R. Shah, pronounced its verdict in...
May 27, 20215 min read


Opportunity of hearing is a fundamental right that cannot be denied due to Covid-19 pandemic
A Division Bench of the Bombay High Court comprising of Justices Sunil B. Shukre and Avinash G. Gharote in the case of Shri Jaidev...
May 27, 20212 min read


Supreme Court strikes down RBI Circular of revised framework for resolution of stressed assets
A Division Bench of the Hon’ble Supreme Court comprising Justices R.F. Nariman and Vineet Saran in the matter of Dharani Sugars and...
May 25, 20216 min read


Third-party pledgees are not financial creditors under IBC: Supreme Court
A full bench of the Hon’ble Supreme Court comprising of Justices Ashok Bhushan, R. Subhash Reddy and M. R. Shah in the case of Phoenix...
May 18, 20214 min read


SC upholds constitutional validity of sections 3, 4 and 10 of IBC (Amendment) Act, 2020
A three judge Bench of the Hon’ble Supreme Court comprising of Justices Rohington F. Nariman, Navin Sinha and K.M. Joseph in the case of...
May 14, 202115 min read


Exercise of inherent powers u/r 11 has limitations and same can't be enlarged to review the decision
NCLAT Rules 2016 Rule 11. Inherent powers Rule 11 of the NCLAT Rules, 2016, relevant for the purposes of disposal of an application, is...
Feb 23, 20215 min read


Fresh IBC suspension till March 2021 may put brakes on stressed asset insolvency resolution process
Suspension of fresh proceedings under the insolvency law as well as the NCLT and the appellate tribunal switching to virtual hearings due...
Jan 4, 20213 min read


Classified as wilful defaulters without furnishing documents is illegal and de hors RBI guidelines
The Calcutta High Court has passed an order Where Petitioners who were directors and guarantors of company were classified as wilful...
Dec 31, 20206 min read
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