NCLT Rules Decree Holder under RERA Remains Home Buyers’ Creditor
By Staff Reporter In a recent ruling on August 2, 2023, the Hon’ble NCLT in Mumbai (CP(IB) No. 21/MB-IV/2023) has…
IBBI to celebrate its Sixth Annual Day
By Staff Reporter The Insolvency and Bankruptcy Board of India (IBBI) is celebrating its Sixth Annual Day on 1st October, 2022.…
Supreme Court order: NCLT cannot coerce allottees into settlements
By Fiona Mehta The Hon’ble Supreme Court’s recent decision in E. S. Krishnamurthy & Others v. Bharath Hi Tech…
NCLAT Delhi: Even after becoming a citizen of a foreign country, a personal guarantor is still liable.
By Fiona Mehta In ruling on an appeal in Sudip Dutta v. State Bank of India, the National Company…
NCLT Mumbai: Terminates Sahara Hospitality’s CIRP
By Fiona Mehta In the case of Delta Electro Mechanical Pvt. Ltd. v Sahara Hospitality Ltd, it was permitted…
NCLAT Delhi: Earnest money paid towards land purchase is not financial debt
In the matter of S. Chandriah v Sunil Kumar Agarwal & Ors. under the National Company Law Appellate Tribunal (“NCLAT”),…
Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
By Staff Reporter The Insolvency and Bankruptcy Board of India (IBBI/Board) notified the Insolvency and Bankruptcy Board of India (Insolvency…
IBBI amends Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017 and the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017
By Staff Reporter With a view to put in place, a streamlined and swift complaint handling procedure, the Insolvency and…
Supreme Court allows the settlement plan of Promoter at Liquidation stage
By Fiona Mehta In the matter of Vallal RCK Vs. M/s Siva Industries and Holdings Limited and Ors. [Civil…
NCLT Chennai: IBC does not apply to project-based CIRPs of real estate companies
By Fiona Mehta The National Company Law Tribunal in the case of N Kumar v. Tata Capital Housing Finance Ltd.…