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Aug 3, 20242 min read
Recovery Actions May Have Severe Consequences for Borrowers; High Court Can Use Article 227 Jurisdiction for Clear Failures by the DRT
High Court held that the Court Can Use Article 227 Jurisdiction for Clear Failures by the DRT. The Kerala High Court Single-Judge Bench...
Aug 3, 20242 min read
Supreme Court Issues Contempt Notice to Vishakhapatnam Bar Association for Hindering Debts Recovery Tribunal Proceedings
On July 26, 2024, the Supreme Court of India issued a contempt notice to the Vishakhapatnam Bar Association for its role in obstructing...
Jul 29, 20242 min read
Failure of a One Time Settlement (OTS) cannot reset the default date and does not preclude proceedings under Section 7 of the IBC
NCLAT held that failure of a One-Time Settlement (OTS) cannot reset the default date and does not preclude proceedings under Section 7 of...
Jul 23, 20242 min read
IBBI in association with NLUO and NeSL Organizing a Two-day Conference on Finance, Economics, Banking, and Insolvency Laws
The Insolvency and Bankruptcy Board of India (IBBI), in association with the National Law University, Odisha (NLUO) and National...
Jul 22, 20244 min read
Supreme Court: Dishonouring cheques is now a regulatory offence, and courts should encourage the compounding of offences under the NI Act
Supreme Court observed that dishonouring cheques is now a regulatory offence, and courts should encourage compounding of offences. The...
Jul 17, 20242 min read
Byju's Crisis Deepens: NCLT Admits BCCI Plea Over ₹158 Crore Default
Byju's, the prominent edutech firm founded by Byju Raveendran in 2011 and valued at $22 billion in 2022, faces a significant challenge as...
Jul 16, 20242 min read
IBBI Chairperson Calls for Enhanced Creditor Recovery Strategies to Boost Economic Impact
In the bustling financial hub of Mumbai, a significant call for enhanced recovery measures was made by the Chairperson of the Insolvency...
Jun 8, 20242 min read
Insolvency and Bankruptcy Board of India (IBBI) Invites Applications for the Post of Whole Time Member
The Insolvency and Bankruptcy Board of India (IBBI) invites applications for the position of Whole Time Member at the IBBI, established...
Jun 3, 20242 min read
Insolvency and Bankruptcy Code applies to personal guarantors to corporate debtors but not to partnership firms and their directors unless explicitly stated
High Court rules that the Insolvency and Bankruptcy Code applies to personal guarantors to corporate debtors but not to partnership firms...
May 31, 20242 min read
Supreme Court Rules the Existence of a Mortgage and Recoverable Loan Amounts Justify Proceedings under the SARFAESI Act
Supreme Court rules the existence of a mortgage and recoverable loan amounts justify proceedings under the SARFAESI Act. The Three-Judge...
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