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- Nov 6, 2023
- 3 min
Supreme Court’s Landmark Decision: Equal Treatment to Government’s Secured Claims in IBC Cases
Introduction Recently in the case of Sanjay Kumar Agarwal v. State Tax Officer & Anr.[i], the Supreme Court of India (‘SC’) dismissed a...
- Sep 14, 2023
- 8 min
Taking Control: Voluntary Initiation of Corporate Insolvency
IBC was enacted to expedite insolvency proceedings and to facilitate timely and effective resolution of insolvency by involving relevant...
- Aug 19, 2023
- 3 min
IBC Prevails: Violation of S. 295 of Companies Act, 1956 No Bar to Section 7 Application
[NCLAT New Delhi] Violation of S. 295 of the Companies Act, 1956, in itself, is not sufficient ground to reject an S. 7 IBC application...
- Jul 22, 2023
- 3 min
[NCLAT] – The Resolution Plan Cannot Discriminate Among the Same Class of Creditors
NCLAT rules against bias in creditor payouts, mandates equitable distribution in Akashganga case.
- Jun 3, 2023
- 4 min
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, 2023
- 3 min
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, 2023
- 3 min
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, 2023
- 3 min
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....