NCLT, Mumbai approves ArcelorMittal’s resolution plan for debt-laden Uttam Galva Steels Ltd
![](https://static.wixstatic.com/media/d515a3_28497fffc49e49d0aea573d47e1c82bb~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_28497fffc49e49d0aea573d47e1c82bb~mv2.webp)
![NCLT, Mumbai approves ArcelorMittal’s resolution plan for debt-laden Uttam Galva Steels Ltd](https://static.wixstatic.com/media/d515a3_28497fffc49e49d0aea573d47e1c82bb~mv2.jpg/v1/fill/w_209,h_194,fp_0.50_0.50,q_90,enc_auto/d515a3_28497fffc49e49d0aea573d47e1c82bb~mv2.webp)
![](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)
![Appellate Authority can't exercise power u/s 30(2) IBC to interfere with commercial wisdom of CoC](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)
- Oct 14, 2022
- 4 min
Appellate Authority can't exercise power u/s 30(2) IBC to interfere with commercial wisdom of CoC
![Section 138 of NI Act would be applicable only where a legally enforceable debt exists on the date](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)
- Oct 13, 2022
- 8 min
Section 138 of NI Act would be applicable only where a legally enforceable debt exists on the date
![](https://static.wixstatic.com/media/d515a3_11dfc07cfc0542dcab623fc3bf9dcbd3~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_11dfc07cfc0542dcab623fc3bf9dcbd3~mv2.webp)
![Four Non-Banking Financial Companies (NBFCs) surrender their Certificate of Registration to the RBI](https://static.wixstatic.com/media/d515a3_11dfc07cfc0542dcab623fc3bf9dcbd3~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_11dfc07cfc0542dcab623fc3bf9dcbd3~mv2.webp)
- Oct 12, 2022
- 1 min
Four Non-Banking Financial Companies (NBFCs) surrender their Certificate of Registration to the RBI
![](https://static.wixstatic.com/media/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.jpg/v1/fill/w_235,h_235,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.webp)
![Reserve Bank of India amends the regulatory framework of the Asset Reconstruction Companies (ARCs)](https://static.wixstatic.com/media/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.jpg/v1/fill/w_209,h_168,fp_0.50_0.50,q_90,enc_auto/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.webp)
- Oct 12, 2022
- 1 min
Reserve Bank of India amends the regulatory framework of the Asset Reconstruction Companies (ARCs)
![](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)
![Contingency Fund is a provision created in a Resolution Plan to avoid inevitable losses of creditors](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)
- Oct 10, 2022
- 1 min
Contingency Fund is a provision created in a Resolution Plan to avoid inevitable losses of creditors
![RBI cancels the licence of The Seva Vikas Co-operative Bank Ltd, Pune, Maharashtra](https://static.wixstatic.com/media/d515a3_258adbd5a2ed4e0ea98fa4d130e05380~mv2.png/v1/fill/w_200,h_200,fp_0.50_0.50,q_95,enc_auto/d515a3_258adbd5a2ed4e0ea98fa4d130e05380~mv2.webp)
- Oct 10, 2022
- 2 min
RBI cancels the licence of The Seva Vikas Co-operative Bank Ltd, Pune, Maharashtra
![](https://static.wixstatic.com/media/d515a3_4d35edad71f5469387628a1ab8463c96~mv2.jpg/v1/fill/w_235,h_235,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_4d35edad71f5469387628a1ab8463c96~mv2.webp)
![Govt. considers measures like auto debiting other accounts of the issuer to curb cheque bounce cases](https://static.wixstatic.com/media/d515a3_4d35edad71f5469387628a1ab8463c96~mv2.jpg/v1/fill/w_209,h_168,fp_0.50_0.50,q_90,enc_auto/d515a3_4d35edad71f5469387628a1ab8463c96~mv2.webp)
- Oct 10, 2022
- 2 min
Govt. considers measures like auto debiting other accounts of the issuer to curb cheque bounce cases
![](https://static.wixstatic.com/media/d515a3_d59d76d05d944a368d5b5a4e90c8e287~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_d59d76d05d944a368d5b5a4e90c8e287~mv2.webp)
![Central Government notifies the jurisdiction of the Debts Recovery Tribunals](https://static.wixstatic.com/media/d515a3_d59d76d05d944a368d5b5a4e90c8e287~mv2.jpg/v1/fill/w_209,h_181,fp_0.50_0.50,q_90,enc_auto/d515a3_d59d76d05d944a368d5b5a4e90c8e287~mv2.webp)
- Oct 8, 2022
- 2 min
Central Government notifies the jurisdiction of the Debts Recovery Tribunals
![](https://static.wixstatic.com/media/d515a3_9c316f01b161499c9636708eaa18fb8e~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_9c316f01b161499c9636708eaa18fb8e~mv2.webp)
![Central Government appoints Ms Reetu Jain, Economic Adviser, as the Ex-officio Member of the IBBI](https://static.wixstatic.com/media/d515a3_9c316f01b161499c9636708eaa18fb8e~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_9c316f01b161499c9636708eaa18fb8e~mv2.webp)
- Oct 8, 2022
- 1 min
Central Government appoints Ms Reetu Jain, Economic Adviser, as the Ex-officio Member of the IBBI