SC judgment in Celir LLP case to spur confidence in resolutions through SARFAESI: India Ratings
The recent judgment by the Supreme Court of India on the time-bound redemption rights of borrowers is advantageous for asset reconstruction...
Supreme Court
Treatment of pledged shares as security under IBC
Pledging of shares is a common practice among creditors to secure a loan. In case of pledged shares, the pledgor...
Axis Bank vs Vidarbha Industries: A cursory look at SC judgment
In the case of Axis Bank Ltd. v. Vidarbha Industries Power Limited, the Supreme Court of India held that the...
Avoidance transaction proceedings can go on even after CIRP is over: Supreme Court
In a landmark judgement, a two-judge bench of the Supreme Court has said that adjudication of an avoidance transaction application...
Insolvency plea under Sec 7 not barred by limitation if debt is acknowledged before expiry of 3-yr period
The Supreme Court of India in an important judgement has held that an application under Section 7 of the Insolvency...
SC puts in abeyance CIRP of Vidarbha Industries Power on ground of existence of arbitral award
The Supreme Court ordered keeping in abeyance the Corporate Insolvency Resolution Process (CIRP) against Vidarbha Industries Power Limited on the...
Resolution plan binding on Central & state govts, local authorities, says Supreme Court
The Supreme Court in an important judgement on has reiterated that once a resolution plan is duly approved by the...
Why approval of fees of a professional is not treated as commercial wisdom of CoC
By Arvind Mangla In a recent judgement the Supreme Court of India in Alok Kaushik Vs Bhuvaneshwari Ramanathan and Others...
SC excludes one year to 14 March ’21 for computing limitation period
The Supreme Court has ordered exclusion of period from 15 March 2020 to 14 March 2021 for computing limitation period...
Ongoing winding-up proceedings not a deterrent against filing insolvency petitions: Supreme Court
Insolvency application either under Section 7 or Section 9 of the Insolvency and Bankruptcy Code is an independent proceeding which...