EARCL's Security interest extinguished in Resolution Plan after notional Value of One Rupee ascribed to claim - NCLAT upholds RP decision...

During recent years, the Indian Data Centre (DC) industry is expanding rapidly. India has become a fast growing DC hub pursuant to a massive and growing internetuserbase, explosion of data, and establishment of a favourable environment through the... 

New Delhi Bench of the NCLAT has held that non-payment of full provident fund amount and gratuity to the workmen and employees of the corporate debtor as accrued till the insolvency commencement date amounts to noncompliance of provisions...

The Insolvency & Bankruptcy Code, 2016 (“the Code”) was introduced for reorganizing and restructuring entities on the verge of a collapse....

In a recent order pronounced on June 30, 2022, by the Maharashtra Real Estate Regulatory Authority(“MahaRERA/Authority”) in the matter of ‘Rare Township Private Limited vs...

In IFCI Limited v. Manoj Toshniwal (C.P. No. 319/KB/2021), the National Company Law Tribunal, Kolkata Bench (“NCLT”) stayed the application filed by IFCI Limited (“IFCI”) under...

In Varun Jajoo and Ors. v. Union of India and Ors. [W.P. (C) No. 981/2022], a Division Bench of the Delhi High Court has issued notice in a petition filed by the promoters and personal guarantors of a micro, small, medium enterprise

In a recent judgment in BLS Polymers Limited v. M/s RMS Power Solutions Private Limited, the National Company Law Tribunal, New Delhi (“NCLT”) has held that for defaults prior to 24.03.2020, the threshold amount to trigger insolvency proceedings shall be one lakh rupees, and Notification No. CG-DL-E-24032020..

The National Company Law Appellate Tribunal has rejected the plea made by 63 Moons Technologies Limited (“63 Moons”) to stay the implementation of the Resolution Plan for Dewan Housing Finance Corporation Limited (“DHFL”) that was submitted by Piramal Capital & Housing Finance Limited (“Piramal”).

Compulsorily convertible debentures (“CCDs”), often classified as “deferred equity”, are issued by companies as debentures which are compulsorily convertible into equity...

In UV Asset Reconstruction Company Ltd. v. Union of India, the Delhi High Court has ruled that an Asset Reconstruction Company (“ARC”) acquiring a non-performing asset from a bank... 

In a recent pronouncement in Jaipur Trade Expocentre Private Limited v. M/s Metro Jet Airways Training Private Limited[1], (“Jaipur Trade Case”),a five-member bench...

In India, it is a common practice for the promoters/directors of a company to pledge their securities to secure the loans raised by such companies. Rights in relation to...

The Mumbai bench of the Income Tax Appellate Tribunal (“ITAT” or “the Tribunal”) in its recent ruling in Blackstone FP Capital Partners v. DCIT1, set aside the assessment..

The Finance Minister in her speech presenting the Union Budget for the 2022-2023 fiscal year, announced an international arbitration centre to be set up in GIFT City,...

Constitutional Validity of Proviso to Section 30(5) Of The IBC Under Challenge...

The High Court of Bombay (“the Court”), in the clubbed matter of Agij Promotion of Nineteenonea Media Pvt. Ltd. & Ors. v. Union of India and Anr1. & Nikhil Mangesh Wagle v. Union of India2, passed an interim order dated 14th August 2021 putting a stay on the operation of Rule 9(1) and 9(3)...

On 7 April 2023, Google notified that it will be updating its Personal Loan policy, which will come into effect from 31 May 2023...

CBDC can be classified into two broad types, i.e., general purpose or retail (CBDC-R) and wholesale (CBDC-W). Retail CBDC will potentially be available...

The regulatory framework issued by the Reserve Bank of India (“RBI”) on implementation of the Recommendations of the...

In a recent ruling in Vidarbha Industries Power Limited v. Axis Bank Limited[1], the
Supreme Court has held that the Adjudicating Authority while...

The wide use of cheques as a mercantile instrument requires clarity in the law relating to dishonour of cheques. The nodal statute on the law related to negotiable instruments is the Negotiable Instruments...

On 8 November 2021, in the case of M/s Kanodia Infratech Limited v. M/s Dalmia Cement (Bharat) Limited1, the Single Bench of the Hon’ble High Court of Delhi (“High Court”) held that unilateral appointment of a sole arbitrator

Recently, the National Company Law Tribunal, Mumbai (“NCLT”) vide its order dated 07.10.2021, held that no action under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“IBC”)

Recently, the Central  Board of Indirect Taxes and Customs through an Administrative Circular (Circular No .14 /2021 - Customs  dated July 7, 2021) improvised the procedure procedure procedure for Faceless Assessment rolled out on PAN India basis with effect from September 4,2020.