IBBI Proposes Measures to Smoothen IBC Process for Real Estate Projects

IBBI Proposes Measures to Smoothen IBC Process for Real Estate Projects

In what appears to be a huge relief for homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) in its Discussion Paper titled ‘Real-Estate Related Proposals- CIRP & Liquidation’ has proposed five measures to smoothen

Supreme Court Upholds Constitutional Validity of Insolvency Resolution Provisions Pertaining to Personal Guarantors

Supreme Court Upholds Constitutional Validity of Insolvency Resolution Provisions Pertaining to Personal Guarantors

The Supreme Court in Surendra B. Jiwrajika and Anr. vs. Omkara Assets Reconstruction Private Limited[i] upheld the constitutionality of the provisions under Part-III, Chapter-III of the Insolvency and Bankruptcy Code, 2016 (I&B Code) pertaining to

Sub-Registrar can't execute or register Cancellation Deed - Karnataka HC

Sub – Registrar cannot execute or register a Cancellation Deed as the same amounts to Recission of Contract – Karnataka High Court

In an important recent decision[i], the Hon’ble Karnataka High Court (“HC”) has laid down the law in relation to execution of cancellation deeds, holding that a Sub – Registrar cannot execute any deed by which

Court Adjudicating Upon Arbitration Award u/s 34 Holds Power to Recalculate Compensation Granted Under NHAI Act: Allahabad High Court

Court Adjudicating Upon Arbitration Award u/s 34 Holds Power to Recalculate Compensation Granted Under NHAI Act: Allahabad High Court

Introduction The High Court of Allahabad (“the HC”) in the case of Chandra Kishori (“A1”) v. Union of India Thru. Chairman Of National Highway Authority of India and 2 Others; and  Om Prakash (“A2”) v.

Debt Recovery Tribunal Cannot Entertain A Claim Below Rs.10 Lakhs Under Sarfaesi Act – Delhi High Court

There is a remarkable legal development wherein the High Court of Delhi (HC) in its ruling brought major implications on the jurisdiction of Debt Recovery Tribunals (DRT) under the Securitization and Reconstruction of Financial Assets

Bombay High Court Gives Nod to Tenants to Redevelop Demolished Building Themselves

Bombay High Court Gives Nod to Tenants to Redevelop Demolished Building Themselves

The High Court of Bombay (“HC”) in a recent judgment[i] permitted the tenants to reconstruct their demolished premises u/s 499(6) of the Mumbai Municipal Corporation Act (“MMC Act”). It further directed to recover costs from

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