![Relief for BOI: NCLT Admits Section 7 Plea under IBC after Finding Corporate Debtor in Default of ₹153.98 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100815-boi-nclt-section-7-plea-ibc-corporate-debtor-txn.webp "Relief for BOI: NCLT Admits Section 7 Plea under IBC after Finding Corporate Debtor in Default of ₹153.98 Crore [Read Order]")
Relief for BOI: NCLT Admits Section 7 Plea under IBC after Finding Corporate Debtor in Default of ₹153.98 Crore [Read Order]
The Delhi Bench of National Company Law Tribunal ( NCLT ) admitted a Section 7 application filed by Bank of India under the Insolvency and Bankruptcy...
![DRAT Holds Bank of Maharashtra Liable for Interest on Funds Held for Over 3 Years After Botched Sale [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/250x150_2100786-drat-holds-bank-maharashtra-liable-interest-funds-botched-sale-taxscan.webp "DRAT Holds Bank of Maharashtra Liable for Interest on Funds Held for Over 3 Years After Botched Sale [Read Order]")
![SC/ST Provisions cannot be Invoked to Obstruct Banks’ Lawful Security Interest & Mortgage Rights u/ SARFAESI: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099435-sarfaesi-delhi-high-court-sc-st-provisions-taxscan.webp "SC/ST Provisions cannot be Invoked to Obstruct Banks’ Lawful Security Interest & Mortgage Rights u/ SARFAESI: Delhi HC [Read Order]")
![Borrower must disclose being MSME to Avail Benefit: Supreme Court clarifies in MSME-SARFAESI Connected Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/11/250x150_2075589-supreme-court-sarfaesi-msme-taxscan.webp "Borrower must disclose being MSME to Avail Benefit: Supreme Court clarifies in MSME-SARFAESI Connected Case [Read Order]")
![High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074722-under-sarfaesi-act-initiated-prior-to-filing-petition-nclat-national-company-law-appellate-tribunal-taxscan.webp "High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]")
‘HCs Should Refrain from Entertaining Article 226 Petitions Where SARFAESI Remedy Exists’: Patna HC in Indian Bank Case [Read Order]
The Patna High Court affirmed that the High Courts should refrain from entertaining petitions under Article 226 of the Constitution when there is an alternative remedy under the SARFAESI Act, 2002. ...
![‘HCs Should Refrain from Entertaining Article 226 Petitions Where SARFAESI Remedy Exists’: Patna HC in Indian Bank Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062464-hcs-should-refrain-from-entertaining-article-226-petitions-article-226-petitions-taxscan.webp "‘HCs Should Refrain from Entertaining Article 226 Petitions Where SARFAESI Remedy Exists’: Patna HC in Indian Bank Case [Read Order]")
NCLAT Dismisses Appeal by Personal Guarantor in Bank of Maharashtra Case: Criticizes Casual Approach to IBC Proceedings [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has upheld the decision of the National Company Law Tribunal (NCLT), which had dismissed the Section 94 insolvency application filed by Nilanjana ...
![NCLAT Dismisses Appeal by Personal Guarantor in Bank of Maharashtra Case: Criticizes Casual Approach to IBC Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051898-nclat-personal-guarantor-bank-taxscan.webp "NCLAT Dismisses Appeal by Personal Guarantor in Bank of Maharashtra Case: Criticizes Casual Approach to IBC Proceedings [Read Order]")
Security Creditors Registered with CERSAI have Priority over other Debts and Taxes u/s 26E of SARFAESI Act: Bombay High Court [Read Order]
The Bombay High Court ruled that security creditors registered with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India ( CERSAI ) have priority over other...
ICAI reprimands CA Failing to Disclose SARFAESI Action, Misrepresents Company's Litigation Status in Audit Report [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) reprimanded a Chartered Accountant ( CA ) for failing to disclose the litigation status of a company in the audit report. Despite being aware...
Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]
In a significant case, the Bombay High Court the charge of the sales tax department to recover sales tax dues would be valid after recognition of the first charge of the assessee as a secured...
![Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Charge-Sales-Tax-Dept-Recover-Sales-Tax-Dues-Valid-Recognition-First-Charge-Assessee-Creditor-TAXSCANA.jpg "Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]")
Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) affirmed that the limitation period will not be extended in The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities...
![Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/NCLAT-Taxscan.jpg "Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]")
