NCLT to Record Cogent Reasons While Rejecting Resolution Plan u/s 31(2) of IBC: Supreme Court

NCLT to Record Cogent Reasons While Rejecting Resolution Plan u/s 31(2) of IBC: Supreme Court

The Hon’ble Supreme Court of India recently concluded that the National Company Law Tribunal (“NCLT”) while exercising its power under Section 31(2) of the Insolvency and Bankruptcy Code, 2016 (“IBC”) while rejecting a resolution plan

Assertion of Innocence or Assuring Participation in Trial Not Valid Ground to Release Accused on Bail in Serious Offence: Supreme Court

Assertion of Innocence or Assuring Participation in Trial Not Valid Ground to Release Accused on Bail in Serious Offence: Supreme Court

The Division Bench of the Hon’ble Supreme Court (“SC”) comprising of Justice C.T. Ravikumar and Justice PV Sanjay Kumarwas hearing an appeal against the order of Jharkhand High Court (“HC”) in the State of Jharkhand

Court Can Act u/s 9 Arbitration Act Despite Unstamped Agreement: Bombay HC

Court Can Exercise Power u/s 9 of Arbitration Act Even if Arbitration Agreement is Not Duly Stamped: Bombay High Court

The Bombay High Court (“HC”) in L&T Finance Limited v. Diamond Projects Limited and 4 Other Petitions held that under Section 9 of the Arbitration and Conciliation Act (“Act”) there is no need to determine

Group of Companies Doctrine Applies to Indian Jurisprudence; Can Also Bind non-signatories to Arbitration Agreement: Supreme Court

Group of Companies Doctrine Applies to Indian Jurisprudence; Can Also Bind non-signatories to Arbitration Agreement: Supreme Court

A Constitution Bench comprising of Dr. Dhananjaya Y. Chandrachud (CJI), Justice Hrishikesh Roy, Justice Pamidighantam, Sri Narasimha, Justice J.B. Pardiwala and Justice Manoj Misra, of the Supreme Court (“SC”) held in the case of Cox

Supreme Court: Prior Meeting Not Mandate for Section 34 IPC, Common Intention Can Form During Offence

Prior Meeting of Minds Not a Mandate to Trigger Section 34 IPC, Common Intention Can Form Even During Commission of Offence: Supreme Court

The Division Bench of the Hon’ble Supreme Court comprising of Justice Abhay S. Oka and Justice Pankaj Mithal in the matter of Ram Naresh v. State of UP has clarified that to attract Section 34

Compulsorily Convertible Debentures Should Be Treated As Equity For The Purpose of IBC: Supreme Court

Compulsorily Convertible Debentures Should Be Treated As Equity For The Purpose of IBC: Supreme Court

The debatable issue that arises in corporate laws pertaining to compulsory convertible debentures (CCDs) is whether such CCDs fall under the ambit of financial debt under Insolvency and Bankruptcy Code, 2016 (IBC) or not. A

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