Supreme Court Upholds Constitutional Validity of Insolvency Resolution Provisions Pertaining to Personal Guarantors
The Supreme Court in Surendra B. Jiwrajika and Anr. vs. Omkara Assets Reconstruction Private Limited[i] upheld the constitutionality of the provisions under Part-III, Chapter-III of the Insolvency and Bankruptcy Code, 2016 (I&B Code) pertaining to
Sub – Registrar cannot execute or register a Cancellation Deed as the same amounts to Recission of Contract – Karnataka High Court
In an important recent decision[i], the Hon’ble Karnataka High Court (“HC”) has laid down the law in relation to execution of cancellation deeds, holding that a Sub – Registrar cannot execute any deed by which
Court Adjudicating Upon Arbitration Award u/s 34 Holds Power to Recalculate Compensation Granted Under NHAI Act: Allahabad High Court
Introduction The High Court of Allahabad (“the HC”) in the case of Chandra Kishori (“A1”) v. Union of India Thru. Chairman Of National Highway Authority of India and 2 Others; and Om Prakash (“A2”) v.
Debt Recovery Tribunal Cannot Entertain A Claim Below Rs.10 Lakhs Under Sarfaesi Act – Delhi High Court
There is a remarkable legal development wherein the High Court of Delhi (HC) in its ruling brought major implications on the jurisdiction of Debt Recovery Tribunals (DRT) under the Securitization and Reconstruction of Financial Assets
Bombay High Court Gives Nod to Tenants to Redevelop Demolished Building Themselves
The High Court of Bombay (“HC”) in a recent judgment[i] permitted the tenants to reconstruct their demolished premises u/s 499(6) of the Mumbai Municipal Corporation Act (“MMC Act”). It further directed to recover costs from
Abdullah Qureshi, Associate Partner, INDIALAW LLP quoted in The Hindu business line.
https://www.thehindubusinessline.com/economy/ibbi-proposes-new-measures-to-improve-corporate-insolvency-process-efficiency/article67489635.ece
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