Writ- Cheque bounce cases
The Supreme Court recently took cognizance of delays in disposal of cheque bouncing matters under section 138 of the Negotiable...
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ADMIN
- Mar 10, 2022
- 1 min
UltraTech HC Court Order
In a decision pronounced in UltraTech Nathdwara Cement Ltd. v Union of India and others, the Rajasthan High Court has allowed the writ...
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ADMIN
- Mar 10, 2022
- 1 min
Supreme Court Issues Guidelines for Videoconferencing
In a matter that has been taken up by the Supreme Court suo motu, certain guidelines were issued for functioning of courts by means of...
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ADMIN
- Mar 10, 2022
- 1 min
INSOLVENCY RESOLUTION PROCESS OF PERSONAL GUARANTORS:STATE BANK OF INDIA VS. ANIL DHIRAJLAL AMBANI
The matters of State Bank of India vs. Anil Dhirajlal Ambani1 (“Anil Ambani cases”) have recently been filed before the National Company...
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ADMIN
- Mar 10, 2022
- 1 min
PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS FOR MSMEs
On 4 April 2021, the Union Government has moved the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 (“Ordinance”). The...
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ADMIN
- Mar 10, 2022
- 1 min
NCLAT allows corporate debtor to settle with operational creditor after initiation of CIRP
In a recent decision in the case of Vivek Bansal v. Burda Druck India Pvt. Ltd. (Company Appeal (AT) 552 of 2020) the National Company...
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ADMIN
- Mar 10, 2022
- 1 min
MEDIMA LLC v. BALASORE ALLOYS LIMITED
Recently in Medima LLC v. Balasore Alloys Ltd1, the Hon’ble High Court of Calcutta (“Calcutta High Court”) vide its order dated 3rd...
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ADMIN
- Mar 10, 2022
- 1 min
Important decisions on Arbitration in 2020
SEAMEC Ltd (“Appellant”) was awarded a work order by Oil India Limited (“Respondent”) for well drilling and other auxiliary operations....
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ADMIN
- Mar 10, 2022
- 1 min
IBC suspended for six months for defaults after 25 March 2020
The Government has promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 under which a new provision, Section 10A...
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ADMIN
- Mar 10, 2022
- 1 min
IBC on hold – permanent relief for coronavirus related debt
The Finance Minister has made a set of fresh announcements with respect to the Insolvency and Bankruptcy Code, 2016 (“IBC”) in her last...
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ADMIN
- Mar 10, 2022
- 1 min
Consumed & banked units as CIRP trigger
In Mr. Narayan Singh Pathania v. Valuelabs LLP & Anr., the National Company Law Appellate Tribunal (“NCLAT”) has once again laid down...
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ADMIN
- Mar 10, 2022
- 1 min
Amendments to the Income Tax Act, 1961 with Insolvency and Bankruptcy Code, 2016 under the Finance
The Finance Bill, 2022 proposed in the Union Budget 2022 sets out several amendments in the Income Tax Act, 1961 (“Act”). This post...
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ADMIN
- Mar 10, 2022
- 1 min
Bad Banks – Union Budget 2021
As part of the Union Budget 2021, Finance Minister Nirmala Sitharaman announced the setting up of an entity that will help tide over the...
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ADMIN
- Mar 10, 2022
- 1 min
National Spot Exchange v. Dr. Anil Kohli (Supreme Court)
In the recent case of National Spot Exchange Limited V Dr. Anil Kohli1, the Hon’ble Supreme Court (“SC”) upheld the decision of the...
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ADMIN
- Mar 10, 2022
- 1 min
Can personal guarantors facing insolvency under Section 95, IBC submit resolutions plans for an MSME
In Varun Jajoo and Ors. v. Union of India and Ors. [W.P. (C) No. 981/2022], a Division Bench of the Delhi High Court has issued notice in...
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ADMIN
- Mar 10, 2022
- 1 min
Budget 2022- Government announces setting up International Arbitration Centre
The Finance Minister in her speech presenting the Union Budget for the 2022-2023 fiscal year, announced an international arbitration...
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ADMIN
- Mar 10, 2022
- 1 min
NCLAT refuses to stay implementation of plan in DHFL
The National Company Law Appellate Tribunal has rejected the plea made by 63 Moons Technologies Limited (“63 Moons”) to stay the...
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ADMIN
- Mar 10, 2022
- 1 min
CAN A MEMBER OF COMMITTEE OF CREDITORS (OR ITS PROMOTERS) FILE A RESOLUTION PLAN
In a writ petition titled M/s Experion Developers Pvt. Ltd. v. Union of India & Ors.1 (“Writ”) filed before the Hon’ble High Court of...
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ADMIN
- Mar 10, 2022
- 1 min
Budget 2022- Government announces setting up International Arbitration Centre
The Finance Minister in her speech presenting the Union Budget for the 2022-2023 fiscal year, announced an international arbitration...
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ADMIN
- Mar 10, 2022
- 1 min
One lakh minimum threshold limit for defaults prior to 24.03.2020 - NCLT
In a recent judgment in BLS Polymers Limited v. M/s RMS Power Solutions Private Limited, the National Company Law Tribunal, New Delhi...
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