Interim Moratorium under section 96 of IBC, kicks in from the date when the Application was filed and the date shall not be the date when the Application is numbered
INTRODUCTION: In the case of Ms. Sangita Arora v IFCI Limited & Anr., the Hon’ble NCLAT held that the interim Moratorium is enforced from the date of filing of the Application made under section 95 of Insolvency
Uphealth Holdings INC. vs Dr. Syed Sabahat Azim & Ors. – Moratorium declared by U.S. Court under Insolvency Laws is not binding to Stay Proceedings in Indian Courts: Calcutta HC
Introduction: In the case of Uphealth Holdings INC. vs. Dr. Syed Azim & Ors., the Calcutta High Court while dismissing the Revision Petition held that moratorium declared under the United States Bankruptcy Law is not
Maharashtra Stamp Act | Refund of Stamp Duty Cannot Be Denied on Mere Technical Grounds
The Hon’ble Supreme Court (“SC”), in a recent decision[i], upheld and relayed an observation made in its earlier decision of Committee-GFIL v. Libra Buildtech Private Limited & Ors.[ii], wherein the Hon’ble SC observed that: “19.
Our Senior Partner Vinod P Veettil quoted in Business Standard
In a recent article published by Business Standard titled “Paytm management-auditor tussle paves way for financial transparency”, Our Senior Partner Vinod P Veettil shares his expert insights. Vinod Opined “While assessing an entity’s abilityto continue
Bombay High Court Holds That Employees Cannot Subsequently Challenge Their Promotion After Accepting The Same Without Demur
In a recent judgment, passed in the matter of Shri Shripad Dwarkanath Gupte and Ors. v. Union of India[1] the Hon’ble Bombay High Court (“HC”) elucidated that employees who have accepted promotions based on grades,
Related Parties of the Corporate Debtor cannot circumvent Proviso to Section 21(2) of IBC by Assignment of Financial Debt to a Third Party: NCLAT Delhi
Introduction In the case of Peanence Commercial Pvt. Ltd. & Ors. v. Mamta Binani (RP for Rolta India Limited)[1], the Hon’ble NCLAT upheld the decision of NCLT Mumbai Bench stating that merely assignment of financial
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