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Jul 22, 20237 min read
NCLAT Rules: Pendency of DRT Proceedings Does Not Hinder Action Under S. 7 of the IBC
NCLAT: DRT case pendency doesn't block IBC s. 7 rights.
Jun 3, 20234 min read
SC Affirms Limitations of Section 66 of IBC Against Third Parties
Gluckrich Capital Private Limited v State of West Bengal Introduction On 19.05.2023, the Hon’ble Supreme Court rejected an application...
Jun 3, 20233 min read
SC Clarifies: Once NCLT is Satisfied of Default, Application Under Section 7 of IBC Must be Admitted
[SC] Once the NCLT is satisfied that there is a debt which is in default of payment, an application under section 7 of the IBC should be...
May 25, 20233 min read
Supreme Court empowers Creditors: Guarantors Liable for Non-Corporate Borrowers’ Defaults under IBC
In the case of K. Paramasivam v. Karur Vysya Bank & Anr.[i], the Supreme Court has rendered a significant decision, affirming that...
May 17, 20233 min read
Gujarat High Court Denies Protection: Petitioner's Bid to Escape Wilful Defaulter Tag Rejected
Introduction: The Gujarat High Court recently rendered a noteworthy judgment in the case of Jagdish Prasad Saboo vs IDBI Bank Limited....
Sep 9, 20225 min read
Supremacy of IBC over Customs Act: Supreme Court’s Protective Shield for Corporate Debtors
Introduction On 26.08.2022, the Supreme Court ( ‘SC’ ) delivered a seminal verdict in the case of Sundresh Bhatt, Liquidator of ABG...