Eighteen States Including Two Union Territories Lack Debts Recovery Tribunals (DRTs): Centre Informs Supreme Court
![Eighteen States Including Two Union Territories Lack Debts Recovery Tribunals (DRTs): Centre Informs Supreme Court](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)
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![NCLAT Determines the Loan Recall Notice Date Might Not Be Considered the Relevant Date of Default under the Insolvency and Bankruptcy Code](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- May 20
- 3 min
NCLAT Determines the Loan Recall Notice Date Might Not Be Considered the Relevant Date of Default under the Insolvency and Bankruptcy Code
![Property auctioned under the SARFAESI Act cannot be included in the moratorium assets under Section 14 of the IB Code](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)
- May 17
- 2 min
Property auctioned under the SARFAESI Act cannot be included in the moratorium assets under Section 14 of the IB Code
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![Acknowledgement of the Debt by the Guarantor Extends the Limitation Period](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- May 15
- 2 min
Acknowledgement of the Debt by the Guarantor Extends the Limitation Period
![Can time-barred debts be recovered through remedies other than civil suits as per special laws: SC Refers to a 3-judge bench for a comprehensive examination](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)
- May 15
- 3 min
Can time-barred debts be recovered through remedies other than civil suits as per special laws: SC Refers to a 3-judge bench for a comprehensive examination
![Supreme Court Dismisses MSME Plea Against Section 43B(h) of the Income Tax Act: 45-Day Credit Extension Rule](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)
- May 13
- 1 min
Supreme Court Dismisses MSME Plea Against Section 43B(h) of the Income Tax Act: 45-Day Credit Extension Rule
![](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)
![Need for a transparent mechanism to prevent misuse of penal measures outlined in the Master Circular against wilful defaulters](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)
- May 9
- 3 min
Need for a transparent mechanism to prevent misuse of penal measures outlined in the Master Circular against wilful defaulters
![High Courts should exercise caution in entertaining petitions under Article 226 of the Constitution when alternative statutory remedies are available, especially in Financial Matters](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)
- May 4
- 3 min
High Courts should exercise caution in entertaining petitions under Article 226 of the Constitution when alternative statutory remedies are available, especially in Financial Matters
![Tenant's Rights Upheld: Supreme Court Nullifies Auction Sale, Rejects Bank's Claim for Possession](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)
- Apr 25
- 2 min
Tenant's Rights Upheld: Supreme Court Nullifies Auction Sale, Rejects Bank's Claim for Possession
![](https://static.wixstatic.com/media/d515a3_c8277d291f624b6db8df439549c336ca~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_c8277d291f624b6db8df439549c336ca~mv2.webp)
![Defaulter Cannot Resort To Criminal Proceedings Against Creditor or Auction Purchaser Against Auction Held Under SARFAESI Act; Exclusively DRT's Domain](https://static.wixstatic.com/media/d515a3_c8277d291f624b6db8df439549c336ca~mv2.jpg/v1/fill/w_209,h_180,fp_0.50_0.50,q_90,enc_auto/d515a3_c8277d291f624b6db8df439549c336ca~mv2.webp)
- Apr 24
- 2 min
Defaulter Cannot Resort To Criminal Proceedings Against Creditor or Auction Purchaser Against Auction Held Under SARFAESI Act; Exclusively DRT's Domain