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Sep 26, 20222 min read
RBI cancels the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra
The Reserve Bank of India (RBI), vide order dated 14 September 2022, has cancelled the licence of “The Laxmi Co-operative Bank Limited,...
Sep 26, 20221 min read
RBI imposes monetary penalty on Hissar Urban Co-operative Bank for contravention of regulatory norms
The Reserve Bank of India (RBI) has imposed, by an order dated 23 September 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh...
Sep 25, 202212 min read
Margin money against LC is not included as a security and is not an 'asset' of the Corporate Debtor
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Anant Bijay Singh, Judicial Member and Ms....
Sep 23, 20228 min read
There is no reason why proceedings u/s 7 IBC cannot be initiated against both the Corporate Debtors
The Supreme Court Bench comprising Justices Indira Banerjee and J.K. Maheshwari was hearing an Appeal yesterday and held that If there...
Sep 22, 20225 min read
Proceedings in good faith in a forum which lacks jurisdiction may save limitation: Supreme Court
The Supreme Court Bench comprising Justices Indira Banerjee and J.K. Maheshwari was hearing an interesting issue of limitation in an...
Sep 17, 20221 min read
Valuation of Intangible Assets: An Online Webinar
Assessors and Registered Valuers Foundation in association with the Insolvency and Bankruptcy Board of India (IBBI) is conducting an...
Sep 15, 20221 min read
ICMAI Registered Valuers Organisation in association with IBBI organise E-Charcha
ICMAI Registered Valuers Organisation in association with the Insolvency and Bankruptcy Board of India (IBBI) organises E-Charcha on...
Sep 15, 20221 min read
IBBI notifies the IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2022
The Insolvency and Bankruptcy Board India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second...
Sep 14, 20222 min read
IBBI directs IPs to provide details of matters pending with the Supreme Court & various High Courts
Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi – 110001 CIRCULAR No. IBBI/PROS/53/2022,...
Sep 14, 20228 min read
CIRP does not absolve the guarantor of its liability since it arises out of an independent contract
The Delhi High Court bench of Justice Sanjeev Narula was hearing an interesting Petition, where the Petitioner challenged the SARFAESI...
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