Burden is on the In-charge of the affairs of the firm to show that it is not liable to be convicted
![Burden is on the In-charge of the affairs of the firm to show that it is not liable to be convicted](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)
![](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)
![RBI imposes a monetary penalty of ₹50 lakh on the Jalgaon People’s Co-operative Bank Limited](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)
- Sep 28, 2022
- 2 min
RBI imposes a monetary penalty of ₹50 lakh on the Jalgaon People’s Co-operative Bank Limited
![S 7(5)(b) is applied before rejection of a claim if an Appeal is a sequel to the original proceeding](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)
- Sep 28, 2022
- 10 min
S 7(5)(b) is applied before rejection of a claim if an Appeal is a sequel to the original proceeding
![](https://static.wixstatic.com/media/d515a3_fd2682e61ca542f9a933a93ed95ddc1a~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_fd2682e61ca542f9a933a93ed95ddc1a~mv2.webp)
![CMM/DM does not require to adjudicate disputes between Borrower/Third Party and Secured Creditor: SC](https://static.wixstatic.com/media/d515a3_fd2682e61ca542f9a933a93ed95ddc1a~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_fd2682e61ca542f9a933a93ed95ddc1a~mv2.webp)
- Sep 27, 2022
- 9 min
CMM/DM does not require to adjudicate disputes between Borrower/Third Party and Secured Creditor: SC
![IBC: Before the constitution of CoC, there is no bar to withdraw an application admitted under Sec 7](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)
- Sep 26, 2022
- 3 min
IBC: Before the constitution of CoC, there is no bar to withdraw an application admitted under Sec 7
![](https://static.wixstatic.com/media/d515a3_564f9f6991d04e55826c87833d4eb284~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_564f9f6991d04e55826c87833d4eb284~mv2.webp)
![RBI cancels the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra](https://static.wixstatic.com/media/d515a3_564f9f6991d04e55826c87833d4eb284~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_564f9f6991d04e55826c87833d4eb284~mv2.webp)
- Sep 26, 2022
- 2 min
RBI cancels the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra
![](https://static.wixstatic.com/media/d515a3_850e5c104114411fbfb533ee9164f975~mv2.jpeg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_850e5c104114411fbfb533ee9164f975~mv2.webp)
![RBI imposes monetary penalty on Hissar Urban Co-operative Bank for contravention of regulatory norms](https://static.wixstatic.com/media/d515a3_850e5c104114411fbfb533ee9164f975~mv2.jpeg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_850e5c104114411fbfb533ee9164f975~mv2.webp)
- Sep 26, 2022
- 1 min
RBI imposes monetary penalty on Hissar Urban Co-operative Bank for contravention of regulatory norms
![](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)
![Margin money against LC is not included as a security and is not an 'asset' of the Corporate Debtor](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)
- Sep 25, 2022
- 12 min
Margin money against LC is not included as a security and is not an 'asset' of the Corporate Debtor
![There is no reason why proceedings u/s 7 IBC cannot be initiated against both the Corporate Debtors](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)
- Sep 23, 2022
- 8 min
There is no reason why proceedings u/s 7 IBC cannot be initiated against both the Corporate Debtors
![](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)
![The IBBI inserted 'Regulatory Fee' in CIRP Regulation, 2016 by the Fifth Amendment on 20 Sept. 2022](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Sep 22, 2022
- 2 min
The IBBI inserted 'Regulatory Fee' in CIRP Regulation, 2016 by the Fifth Amendment on 20 Sept. 2022