Jul 172 minByju's Crisis Deepens: NCLT Admits BCCI Plea Over ₹158 Crore DefaultByju's, the prominent edutech firm founded by Byju Raveendran in 2011 and valued at $22 billion in 2022, faces a significant challenge as...
Jul 162 minIBBI Chairperson Calls for Enhanced Creditor Recovery Strategies to Boost Economic ImpactIn the bustling financial hub of Mumbai, a significant call for enhanced recovery measures was made by the Chairperson of the Insolvency...
Jul 132 minThe Appellant does Not Qualify as an Operational Creditor under the IBC due to the Absence of Proof of debt as per the Contractual Terms agreed uponNCLAT held that the appellant does not qualify as an operational creditor under the IBC due to the absence of proof of debt as per the...
Jul 133 minClaims under the EPF Act, including contributions, interest, and damages, are not part of the liquidation estate; instead, these claims hold priority status NCLAT held that claims under the EPF Act, encompassing contributions, interest, and damages, are not part of the liquidation estate under...
Jul 123 minMere Assignment of Trade Receivables Without Underlying Proof of Debt and Default is Insufficient to File an Application under Section 7 of the IBCNCLAT held that the mere assignment of trade receivables without underlying proof of debt and default is insufficient to file an...