The drawer who issued the cheque is liable for interim compensation, not authorized signatories or company directors
![The drawer who issued the cheque is liable for interim compensation, not authorized signatories or company directors](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
![Approval of a resolution plan for a guarantor does not automatically discharge the underlying debt of the principal borrower](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- Jul 26
- 3 min
Approval of a resolution plan for a guarantor does not automatically discharge the underlying debt of the principal borrower
![](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)
![Whether Section 33(5) of the Insolvency and Bankruptcy Code Mandates Prior Approval for a Liquidator to Initiate Proceedings: Mandatory or Directory?](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Jul 25
- 2 min
Whether Section 33(5) of the Insolvency and Bankruptcy Code Mandates Prior Approval for a Liquidator to Initiate Proceedings: Mandatory or Directory?
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![Service benefits such as Gratuity, LTC, and EL Encashment do not constitute operational debts under the Insolvency and Bankruptcy Code, 2016](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Jul 24
- 2 min
Service benefits such as Gratuity, LTC, and EL Encashment do not constitute operational debts under the Insolvency and Bankruptcy Code, 2016
![](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_242,h_242,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
![Dissenting creditors and homebuyers cannot have their claims compared due to the differing nature of their claims and the agreed-upon terms](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_209,h_173,fp_0.50_0.50,q_90,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
- Jul 23
- 3 min
Dissenting creditors and homebuyers cannot have their claims compared due to the differing nature of their claims and the agreed-upon terms
![IBBI in association with NLUO and NeSL Organizing a Two-day Conference on Finance, Economics, Banking, and Insolvency Laws](https://static.wixstatic.com/media/d515a3_cd902c231e6a48bb8c12fb9f43ad5897~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_cd902c231e6a48bb8c12fb9f43ad5897~mv2.webp)
- Jul 23
- 2 min
IBBI in association with NLUO and NeSL Organizing a Two-day Conference on Finance, Economics, Banking, and Insolvency Laws
![](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 Affirms Resolution Professional's Compliance with Legal Obligations and Rejects Personal Liability for Payments made to APT](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Jul 23
- 2 min
NCLAT Affirms Resolution Professional's Compliance with Legal Obligations and Rejects Personal Liability for Payments made to APT
![Supreme Court: Dishonouring cheques is now a regulatory offence, and courts should encourage the compounding of offences under the NI Act](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- Jul 22
- 4 min
Supreme Court: Dishonouring cheques is now a regulatory offence, and courts should encourage the compounding of offences under the NI Act
![](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)
![Resolution Plan is remitted back to the CoC for resubmission in accordance with parameters established by the Supreme Court in REEDLAW 2024 SC 02527](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- Jul 21
- 3 min
Resolution Plan is remitted back to the CoC for resubmission in accordance with parameters established by the Supreme Court in REEDLAW 2024 SC 02527
![](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)
![NCLT Recognizes BCCI's Status as an Operational Creditor Under IBC, Upholding Marketing Rights as Operational Debt Even After the Agreement Ends](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Jul 18
- 3 min
NCLT Recognizes BCCI's Status as an Operational Creditor Under IBC, Upholding Marketing Rights as Operational Debt Even After the Agreement Ends