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January 8, 2022News

Adjudicating Authority Need Not Record Any Finding Regarding ‘Default’ At The Time Of Application by the creditor to initiate insolvency resolution process: NCLAT

The Delhi Bench of National Company Law Appellate Tribunal (NCLAT) held that […]

January 8, 2022News

Date of Allotment is relevant for purpose of Computing holding period, not Date of Registration: ITAT

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the […]

January 3, 2022News

Central Govt Notifies ‘Consumer Protection Rules 2021’ Revising Pecuniary Jurisdiction Of District, State & National Commissions

The Central Government has notified the Consumer Protection (Jurisdiction of the District […]

December 29, 2021News

Bank Doesn’t Hold Customer’s Deposit In Trust; Banker-Depositor Relationship That Of Creditor-Debtor: Supreme Court

The Supreme Court has observed that the money that is deposited by […]

December 24, 2021News

Consumers With Same Interest Can File Joint Complaint; Not Necessary To File Complaint In Representative Capacity: Supreme Court

The Supreme Court has held that where there are more consumers than […]

December 17, 2021News

No Requirement For CMM To Fix Time Limit For Taking Possession Of Secured Asset While Exercising Jurisdiction Under Sec. 14 Of SARFAESI Act: Delhi HC

The Delhi High Court has held that there is no requirement or […]

December 15, 2021News

NCLT Cannot Direct Parties to Settle A Dispute While Considering A Petition U/Sec 7 IBC: Supreme Court

The Supreme Court observed that Adjudicating Authority and Appellate Authority under Insolvency […]

December 9, 2021News

Section 138 NI Act Attracted Even In Cases Where Debt Is Incurred After Cheque Is Drawn but Before Presentation: Supreme Court

The Supreme Court observed that Section 138 of Negotiable Instruments Act is […]

December 9, 2021News

SARFAESI Proceedings Not Invalidated on Mere Failure of Bank in Giving Reply to Objections If Borrower’s Proposals Were Otherwise Considered: Supreme Court

The Supreme Court held that failure to furnish reply by the creditor […]

December 6, 2021News

Resolution Process Has To Be Completed Within the Period Stipulated U/Sec 12 IBC: Supreme Court

The Supreme Court observed that the entire resolution process has to be […]