May 10, 20232 minNCLT admits Go First’s plea to initiate the insolvency resolution process (CIRP)The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s voluntary plea to initiate the insolvency resolution process...
May 8, 20232 minPlea of violation of RBI Guidelines, even cannot affect the fate of Section 7 Application of the IBCThe National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Rakesh Kumar Jain, Judicial Member and Naresh...
May 7, 20236 minProceeds from the sale of liquidation assets shall be distributed in the waterfall mechanism: SCThe Supreme Court bench comprising Justices M. R. Shah and Sanjiv Khanna was on Tuesday hearing petitions in liquidation matter and held...
May 6, 20232 minCMM/ DM does not need to adjudicate any dispute between the borrower, secured creditor & 3rd partiesThe Bombay High Court bench comprising Justices Nitin Jamdar and Abhay Ahuja was recently hearing a Petition on the SARFAESI proceeding...
May 5, 20232 minHire Purchase transaction in a legal sense is more complex with corresponding rights of the partiesThe Supreme Court bench comprising Justices Sanjiv Khanna and M.M. Sundresh was recently hearing an appeal and held that the Hire...