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DRAT Orders Expeditious Disposal of SARFAESI Case considering Delay in communication of Stay order to UBI [Read Order]

Yogitha S. Yogesh

The Debt Recovery Appellate Tribunal (DRAT), Mumbai has directed the Debt Recovery Tribunal (DRT) to expedite the disposal of a Securitisation and...

Financial Debt Default of over Rs. 45 Crores: NCLT Admits SBI's Application and Initiates CIRP...

Entry in Balance Sheet Acknowledges Debt: Supreme Court Allows IL&FS Plea [Read Judgement]

Liquidator - institute proceedings - personal guarantors - Prescribed Limitation Period - Limitation Period - NCLT - NCLT rules - UCO Bank - taxscan

Liquidator can institute proceedings against personal guarantors when appeal was made within...

Section 95 of IBC - IBC Can be Filed by Creditor - Individual Capacity - Jointly through RP - NCLAT - Creditor in his Individual Capacity - taxscan

Application u/s 95 of IBC Can be Filed by Creditor in his Individual Capacity or Jointly through RP:...

Assignee of Financial Creditor also Financial Creditor u/s 5 (7) of IBC: NCLT [Read Order]

The Kolkata Bench of the National Company Law Tribunal ( NCLT ) held that the assignee of the financial creditor is also financial creditor under Section 5 (7) of the Insolvency and Bankruptcy Code,...

NCLT - IBC - Financial Creditor - u/s 5 (7) of IBC - National Company Law Tribunal - NCLT kolkata

Certification of Books of Account without Accurate Verification is Vital Professional Misconduct: ICAI Removes CA from Register and Imposes Fine [Read Order]

The Institute of Chartered Accountants of India removed Chartered Accountant (CA), Syed Shahul Meeran K from the CA membership Register and imposed a fine on the professional misconduct of certifying...

COVID-19: Loan Defaulters should get Benefit of RBI’s Advisory on Moratorium, says Delhi HC [Read Order]

Due to the outbreak of pandemic COVID-19, the High Court of Delhi in its recent ruling held that the Reserve Bank of India’s (RBI’s) advisory on moratorium is applicable even to loans on default as on...