Third-Party Cannot Be Held Liable Under A Contract Unless They Are A Direct Party To It
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![Third-Party Cannot Be Held Liable Under A Contract Unless They Are A Direct Party To It](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)
![Bank is Entitled to Proceed under the SARFAESI Act for the Recovery of Loan, as the Liability of the Guarantor is Joint and Several with the Principal Debtor](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)
- Mar 22
- 2 min
Bank is Entitled to Proceed under the SARFAESI Act for the Recovery of Loan, as the Liability of the Guarantor is Joint and Several with the Principal Debtor
![](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)
![MoU and Ledger Statements of the Corporate Debtor are Insufficient Proof to Accept the Claim as a Financial Debt](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)
- Mar 21
- 2 min
MoU and Ledger Statements of the Corporate Debtor are Insufficient Proof to Accept the Claim as a Financial Debt
![](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 speculative investor cannot be considered a Financial Creditor under Section 5(8)(f) of the Insolvency and Bankruptcy Code](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)
- Mar 21
- 2 min
A speculative investor cannot be considered a Financial Creditor under Section 5(8)(f) of the Insolvency and Bankruptcy Code
![](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)
![Committee of Creditors cannot consider a resolution plan from an applicant whose name is not included in the final list of Prospective Resolution Applicants](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)
- Mar 21
- 2 min
Committee of Creditors cannot consider a resolution plan from an applicant whose name is not included in the final list of Prospective Resolution Applicants
![](https://static.wixstatic.com/media/d515a3_56578f7554954d0b9b528963dc0367b0~mv2.jpg/v1/fill/w_220,h_220,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_56578f7554954d0b9b528963dc0367b0~mv2.webp)
![New 45-day Payment Rule for MSMEs and the Introduction of Section 43B(h) to the Income Tax Act](https://static.wixstatic.com/media/d515a3_56578f7554954d0b9b528963dc0367b0~mv2.jpg/v1/fill/w_209,h_157,fp_0.50_0.50,q_90,enc_auto/d515a3_56578f7554954d0b9b528963dc0367b0~mv2.webp)
- Mar 21
- 5 min
New 45-day Payment Rule for MSMEs and the Introduction of Section 43B(h) to the Income Tax Act
![](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)
![Government Considering Amendments to SARFAESI and DRT Laws, Proposing Legal Validity for E-Notices](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)
- Mar 20
- 2 min
Government Considering Amendments to SARFAESI and DRT Laws, Proposing Legal Validity for E-Notices
![](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)
![An arbitration clause in the contract prevents arbitration until alternative remedies are made by the government](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)
- Mar 19
- 2 min
An arbitration clause in the contract prevents arbitration until alternative remedies are made by the government
![NCLT reaffirms the RP's entitlement to possession of the assets of the Corporate Debtor under IBC, overriding any conflicting provisions of the State Financial Corporation Act, 1951](https://static.wixstatic.com/media/d515a3_a4cc1dadab204f4da7594f30e701c073~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_a4cc1dadab204f4da7594f30e701c073~mv2.webp)
- Mar 15
- 2 min
NCLT reaffirms the RP's entitlement to possession of the assets of the Corporate Debtor under IBC, overriding any conflicting provisions of the State Financial Corporation Act, 1951
![](https://static.wixstatic.com/media/d515a3_431deef0d41a40dfbf57b31880bc8a7c~mv2.jpg/v1/fill/w_242,h_242,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_431deef0d41a40dfbf57b31880bc8a7c~mv2.webp)
![The Auction Purchaser Cannot Prevent the Bank from Entering into a One Time Settlement as the Sale was not Confirmed](https://static.wixstatic.com/media/d515a3_431deef0d41a40dfbf57b31880bc8a7c~mv2.jpg/v1/fill/w_209,h_173,fp_0.50_0.50,q_90,enc_auto/d515a3_431deef0d41a40dfbf57b31880bc8a7c~mv2.webp)
- Mar 15
- 2 min
The Auction Purchaser Cannot Prevent the Bank from Entering into a One Time Settlement as the Sale was not Confirmed