IBBI Enhances Disclosure Requirements for Carry forward losses in Corporate Insolvency Resolution Process
The Insolvency and Bankruptcy Board of India (IBBI) has issued a new circular dated 17th March 2025, aimed at improving transparency in the Corporate Insolvency Resolution Process (CIRP). The directive mandates Insolvency Professionals (IPs) to
Section 138 NI Act and IBC Moratorium: Supreme Court Defines the Boundaries
The Supreme Court of India recently delivered a significant judgment in the case of Vishnoo Mittal versus M/S Shakti Trading Company, addressing the interplay between insolvency proceedings and criminal prosecutions under the Negotiable Instruments Act.
Guidelines for Protection of Good Samaritans in Road Accidents
Introduction India has witnessed a disturbing rise in fatal road accidents in recent years, with thousands of lives lost annually on its roads. Tragically, many of these accidents involve hit-and-run drivers, leaving victims in critical
When Nominees and Heirs Collide: Madras High Court Resolves Insurance Dispute
In a judgment that clarifies the rights of legal heirs versus nominated beneficiaries in insurance policy disputes, the Madras High Court has delivered a decision that balances statutory obligations with familial equity. The case, W.P.No.29882
NeSL Tightens Record of Default Issuance Process Under Amended IBBI Regulations
In a significant development for creditors operating within India’s financial ecosystem, National e-Servicing Limited (NeSL), a designated Information Utility (IU) under the Insolvency and Bankruptcy Board of India (IBBI) framework, has issued a detailed circular
Acquiring Property Through A Compromise Decree In Divorce Case- Understanding Stamp Duty Implication
Introduction In a recent landmark judgment of Arun Rameshchand Arya vs. Parul Singh[1], the Supreme Court of India exempted a wife from paying stamp duty for a flat she acquired as part of a compromise
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