7 days ago2 minSARFAESI Proceedings Cannot Continue Post-Moratorium Under IBC if Sale Stage Not ReachedHigh Court held that the SARFAESI proceedings cannot continue post-moratorium under IBC if the sale Stage is not reached. The Delhi High...
7 days ago2 minSection 21 of the Arbitration Act requires a party to set out the disputes but need not quantify the amount in the noticeThe High Court determined that an ongoing IBC proceeding does not bar the initiation of arbitration under Section 11(6) of the...
7 days ago2 minNCLT Mumbai Bench Affirms Validity of Guarantee Despite Stamp Duty Defects: Ruling that Such Defects Do not Affect the Enforcement of the IB CodeThe NCLT Mumbai Bench affirmed the validity of the guarantee, ruling that defects in stamp duty do not affect the enforcement of the...
Aug 243 minNCLT Allahabad Bench Approves Resolution Plan for M/s Primuss Pipes & Tubes Ltd: Adherence to IBC Compliance and Creditor Repayment MandatesNCLT approved the Resolution Plan for M/s Primuss Pipes & Tubes Ltd., emphasizing its adherence to IBC compliance and creditor repayment...
Aug 242 minNCLAT Stays CIRP Initiation: Appeals Challenge Delay in Filing Company Petitions Beyond Limitation PeriodThe NCLAT has stayed the initiation of the Corporate Insolvency Resolution Process (CIRP) due to delays in filing the petitions beyond...