Complaints under Section 138 of the NI Act against a company and its directors cannot proceed after the initiation of winding-up proceedings or during the moratorium
![](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
![Complaints under Section 138 of the NI Act against a company and its directors cannot proceed after the initiation of winding-up proceedings or during the moratorium](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
![](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)
![A Successful Resolution Applicant cannot unilaterally withdraw or modify their approved Resolution Plan](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)
- May 12
- 2 min
A Successful Resolution Applicant cannot unilaterally withdraw or modify their approved Resolution Plan
![](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)
![NCLAT set aside the Adjudicating Authority's approval of a withdrawal proposal under Section 12A and the CIRP for the Corporate Debtor was revived](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)
- May 11
- 2 min
NCLAT set aside the Adjudicating Authority's approval of a withdrawal proposal under Section 12A and the CIRP for the Corporate Debtor was revived
![](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)
![Applications Against Personal Guarantors Must be Filed Before the Same NCLT Bench Where CIRP Against the Corporate Debtor are Pending](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)
- May 11
- 2 min
Applications Against Personal Guarantors Must be Filed Before the Same NCLT Bench Where CIRP Against the Corporate Debtor are Pending
![Valuation Expedition: Navigating Insights and Strategies](https://static.wixstatic.com/media/d515a3_29dc2dae25e74f369541d424757286e5~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_29dc2dae25e74f369541d424757286e5~mv2.webp)
- May 10
- 2 min
Valuation Expedition: Navigating Insights and Strategies
![IBBI mandates the uploading of judicial orders related to insolvency proceedings by Insolvency Professionals (IPs)](https://static.wixstatic.com/media/d515a3_1a41bd81678a453f8c6a1332c4453164~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_1a41bd81678a453f8c6a1332c4453164~mv2.webp)
- May 10
- 1 min
IBBI mandates the uploading of judicial orders related to insolvency proceedings by Insolvency Professionals (IPs)
![](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)
![High Court upholds the lenders' right to transfer assets without borrower consent](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)
- May 10
- 2 min
High Court upholds the lenders' right to transfer assets without borrower consent
![](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)
![Approval of a Resolution Plan Does Not Discharge Personal Guarantors' Liabilities](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)
- May 9
- 2 min
Approval of a Resolution Plan Does Not Discharge Personal Guarantors' Liabilities
![](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
![Need for a transparent mechanism to prevent misuse of penal measures outlined in the Master Circular against wilful defaulters](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
- May 9
- 3 min
Need for a transparent mechanism to prevent misuse of penal measures outlined in the Master Circular against wilful defaulters
![](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)
![Section 66 of the IBC applies to any party involved in fraudulent transactions, irrespective of their relationship with the debtor](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)
- May 8
- 2 min
Section 66 of the IBC applies to any party involved in fraudulent transactions, irrespective of their relationship with the debtor