Despite being Labelled a Willful Defaulter, Corporate Debtor is Eligible to submit a Resolution Plan
![](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)
![Despite being Labelled a Willful Defaulter, Corporate Debtor is Eligible to submit a Resolution Plan](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)
![](https://static.wixstatic.com/media/d515a3_ce6e61e982a64df3b55f7c2a4fda01fb~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_ce6e61e982a64df3b55f7c2a4fda01fb~mv2.webp)
![NCLAT Ruling Preserves Creditor Rights: Upholds Pursuit of Fraudulent Transactions in DHFL Case](https://static.wixstatic.com/media/d515a3_ce6e61e982a64df3b55f7c2a4fda01fb~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_ce6e61e982a64df3b55f7c2a4fda01fb~mv2.webp)
- Jun 14, 2023
- 2 min
NCLAT Ruling Preserves Creditor Rights: Upholds Pursuit of Fraudulent Transactions in DHFL Case
![](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)
![An Unsigned Statement of Accounts Attached to an Email Doesn't Constitute a Valid Acknowledgement](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)
- Jun 13, 2023
- 2 min
An Unsigned Statement of Accounts Attached to an Email Doesn't Constitute a Valid Acknowledgement
![](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)
![NCLAT Upheld NCLT's Order to Initiate CIRP, Based on Loan Facility Agreements' Governing Law Clauses](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)
- Jun 13, 2023
- 2 min
NCLAT Upheld NCLT's Order to Initiate CIRP, Based on Loan Facility Agreements' Governing Law Clauses
![NCLT must admit Section 7 application upon confirming default, regardless of disputes or debt status](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)
- Jun 12, 2023
- 2 min
NCLT must admit Section 7 application upon confirming default, regardless of disputes or debt status
![](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)
![NCLAT Set Asides the NCLT's Rejection of Resolution Plan Based on ARC Involvement and RBI Approval](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)
- Jun 12, 2023
- 2 min
NCLAT Set Asides the NCLT's Rejection of Resolution Plan Based on ARC Involvement and RBI Approval
![](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)
![Power to Recall a Judgment is Inherent in NCLAT Even Though It Does Not Possess the Power of Review](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)
- Jun 8, 2023
- 3 min
Power to Recall a Judgment is Inherent in NCLAT Even Though It Does Not Possess the Power of Review
![](https://static.wixstatic.com/media/d515a3_1a2068a329b5464b919e4790ac00c5d7~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_1a2068a329b5464b919e4790ac00c5d7~mv2.webp)
![IBBI Releases Discussion Paper to Boost Resolution Possibilities and Value under IB Code](https://static.wixstatic.com/media/d515a3_1a2068a329b5464b919e4790ac00c5d7~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_1a2068a329b5464b919e4790ac00c5d7~mv2.webp)
- Jun 8, 2023
- 2 min
IBBI Releases Discussion Paper to Boost Resolution Possibilities and Value under IB Code
![](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 Seeks Simplification of Enrolment and Registration Process for Insolvency Profession](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)
- Jun 8, 2023
- 2 min
The IBBI Seeks Simplification of Enrolment and Registration Process for Insolvency Profession
!['Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC](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)
- Jun 3, 2023
- 4 min
'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC