If the bank refuses to extend credit facilities, the borrower has no option but to clear their dues
- May 13, 2023
- 10 min
Appellant would be treated as a secured creditor having all rights & obligations as per Ss. 52 & 53
- May 12, 2023
- 2 min
Preferential transactions cannot be said to be part of the common flow of business
- May 10, 2023
- 5 min
Commercial wisdom is not a matter of rhetoric but is denoting a well-considered decision by the CoC
- May 10, 2023
- 2 min
NCLT admits Go First’s plea to initiate the insolvency resolution process (CIRP)
- May 8, 2023
- 2 min
Plea of violation of RBI Guidelines, even cannot affect the fate of Section 7 Application of the IBC
- May 7, 2023
- 6 min
Proceeds from the sale of liquidation assets shall be distributed in the waterfall mechanism: SC
- May 3, 2023
- 2 min
Dues of operational creditors are to be made in the manner as Insolvency & Bankruptcy Code lays down
- May 2, 2023
- 4 min
There can be a default by the Principal Borrower and the Guarantor may be a different date: NCLAT
- Apr 29, 2023
- 3 min
Without there being any demand to the Guarantor, the period of limitation cannot be commenced