RBI Issues Revised Master Directions On Fraud
The Hon’ble Supreme Court (“SC”) in State Bank of India & Ors. v. Rajesh Agarwal & Ors.[i] had clarified that principles of natural justice must be upheld while declaring any individual / entity as fraud.
Code Of Civil Procedure 1908 | Application Under Order Vii Rule 11 Cannot Be Rejected On The Ground That Written Statements Is Not Filed
The Hon’ble Karnataka High Court (“HC”) on 24th June 2024, passed an order[1] pronouncing that, “The filing of a written statement is not a condition precedent for considering an application under Order VIII Rule 11
Insights on the Proposed Amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Process) Regulations, 2016.
The Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper on 19th June, 2024, seeking comments on four proposed changes to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate
Interim Moratorium under section 96 of IBC, kicks in from the date when the Application was filed and the date shall not be the date when the Application is numbered
INTRODUCTION: In the case of Ms. Sangita Arora v IFCI Limited & Anr., the Hon’ble NCLAT held that the interim Moratorium is enforced from the date of filing of the Application made under section 95 of Insolvency
Uphealth Holdings INC. vs Dr. Syed Sabahat Azim & Ors. – Moratorium declared by U.S. Court under Insolvency Laws is not binding to Stay Proceedings in Indian Courts: Calcutta HC
Introduction: In the case of Uphealth Holdings INC. vs. Dr. Syed Azim & Ors., the Calcutta High Court while dismissing the Revision Petition held that moratorium declared under the United States Bankruptcy Law is not
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