Chapter II of the SARFAESI Act, 2002 is neither manifestly arbitrary nor in violation of Article 14
![](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)
![Chapter II of the SARFAESI Act, 2002 is neither manifestly arbitrary nor in violation of Article 14](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)
![](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)
![Application under section 7 of IBC even on the basis of Power of Attorney is fully maintainable](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 18, 2022
- 4 min
Application under section 7 of IBC even on the basis of Power of Attorney is fully maintainable
![](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)
![Promoters of CD who extend the Personal/Corporate Guarantee, cannot claim to be a Financial Creditor](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 17, 2022
- 8 min
Promoters of CD who extend the Personal/Corporate Guarantee, cannot claim to be a Financial Creditor
![Acceptance of the goods under Section 42 may not detract from Section 13(2) of the Sale of Goods Act](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 17, 2022
- 8 min
Acceptance of the goods under Section 42 may not detract from Section 13(2) of the Sale of Goods Act
![](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)
- Oct 15, 2022
- 1 min
NCLT, Mumbai approves ArcelorMittal’s resolution plan for debt-laden Uttam Galva Steels Ltd
![](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)
![Resolution Professional cannot charge separately for the Verification of Claims from creditors: IBBI](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)
- Oct 14, 2022
- 2 min
Resolution Professional cannot charge separately for the Verification of Claims from creditors: IBBI
![](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
![](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
![](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