ICAI Introduces Exam Centre Selection for May 2026 CA Exams
The Institute of Chartered Accountants of India (ICAI) has introduced a new facility for candidates appearing in the Chartered Accountants...
![₹1,250 Rent for 6.29 Acres? Karnataka HC holds ‘Sham’ Lease Executed Shortly Before Petition to Wind Up Company is Void [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127687-karnataka-hc-sham-wind-up-company-is-void-taxscan.webp "₹1,250 Rent for 6.29 Acres? Karnataka HC holds ‘Sham’ Lease Executed Shortly Before Petition to Wind Up Company is Void [Read Order]")
![Consideration of SOA is not Alien to Proceeding under IBC: Supreme Court Remarks on Transfer Application [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127692-consideration-of-soa-is-not-alien-to-proceeding-under-ibcjpg.webp "Consideration of SOA is not Alien to Proceeding under IBC: Supreme Court Remarks on Transfer Application [Read Order]")
![Right to Redemption of Property is Lost After Sale: DRT Dismisses Securitization Application [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127691-right-to-redemption-of-property-is-lost-after-salejpg.webp "Right to Redemption of Property is Lost After Sale: DRT Dismisses Securitization Application [Read Order]")
Single Judge Must Decide All Vital Issues After Remand: Kerala HC Sets Aside Order in Canara Bank & PNB Debt Recovery Case [Read Order]
The Kerala High Court held that when a Division Bench remands a matter for fresh consideration, the Single Judge must decide all vital issues raised by the parties and failure to comply with such...
![Single Judge Must Decide All Vital Issues After Remand: Kerala HC Sets Aside Order in Canara Bank & PNB Debt Recovery Case [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127666-single-judge-must-decide-all-vital-issues-after-remandjpg.webp "Single Judge Must Decide All Vital Issues After Remand: Kerala HC Sets Aside Order in Canara Bank & PNB Debt Recovery Case [Read Order]")
Dispute Between Financial Institutions to Be Resolved Through Statutory Arbitration: DRT Dismisses SARFAESI Plea [Read Order]
The Debts Recovery Tribunal (DRT), Delhi, has rejected a securitization application made under Section 17 of the SARFAESI Act on the grounds that disputes between financial institutions regarding...
![Dispute Between Financial Institutions to Be Resolved Through Statutory Arbitration: DRT Dismisses SARFAESI Plea [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127658-dispute-between-financial-institutions-to-be-resolved-through-statutory-arbitrationjpg.webp "Dispute Between Financial Institutions to Be Resolved Through Statutory Arbitration: DRT Dismisses SARFAESI Plea [Read Order]")
Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]
In a major ruling, the Supreme Court held that simultaneous CIRP proceedings under the Insolvency and Bankruptcy Code (IBC) can be started against both the principal borrower and the corporate...
![Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127657-simultaneous-cirp-against-principal-borrowerjpg.webp "Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]")
Intermittent Repayments led to Loan Account being a Non Performing Asset: DRT Directs Registry to Prepare Recovery Certificate [Read Order]
The Debts Recovery Tribunal (DRT) - III, Chennai noted that the intermittent repayments eventually led to the loan account turning into a non-performing asset and therefore directed the Registry to...
![Intermittent Repayments led to Loan Account being a Non Performing Asset: DRT Directs Registry to Prepare Recovery Certificate [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127606-intermittent-repayments-led-to-loanjpg.webp "Intermittent Repayments led to Loan Account being a Non Performing Asset: DRT Directs Registry to Prepare Recovery Certificate [Read Order]")
Failure to Repay SBI Car Loan: DRT Orders Repayment with 11.25% Interest, Upholds Right to Sell Hypothecated Vehicle for Recovery [Read Order]
The Debts Recovery Tribunal (DRT)-II, Mumbai, with regards to the default of the car loan, ordered the repayment of the amount with interest of 11.25% to State Bank of India ( SBI ). The tribunal...
![Failure to Repay SBI Car Loan: DRT Orders Repayment with 11.25% Interest, Upholds Right to Sell Hypothecated Vehicle for Recovery [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127564-failure-to-repay-sbi-car-loanjpg.webp "Failure to Repay SBI Car Loan: DRT Orders Repayment with 11.25% Interest, Upholds Right to Sell Hypothecated Vehicle for Recovery [Read Order]")
Property Transferred Prior to Attachment, Director Not Liable While Company Is in Existence: Madras HC Directs Registration Without NOC [Read Order]
The Madras High Court held that an attachment order issued after the transfer of the property cannot be sustained in law and that no personal liability arises on the director of the company when the...
![Property Transferred Prior to Attachment, Director Not Liable While Company Is in Existence: Madras HC Directs Registration Without NOC [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127537-property-transferred-prior-to-attachmentjpg.webp "Property Transferred Prior to Attachment, Director Not Liable While Company Is in Existence: Madras HC Directs Registration Without NOC [Read Order]")