MSME Promoters are not disqualified u/s 29A of IBC to apply for Resolution Plan: Supreme Court
The Hon’ble Supreme Court in its recent judgment in the case of Hari Babu Thota v. X[i] has overturned the Hon’ble NCLAT’s decision in Digambar Anandrao Pingle v. Shrikant Madanlal Zawar[ii] and has held that,
Court Holds Power to Quash Disciplinary Proceedings Based on Same Charges in Criminal Proceeding That Concluded in Acquittal: Supreme Court
The Supreme Court (“SC”) in the case of Ram Lal v. State of Rajasthan[i],dealt with the validity of disciplinary proceedings based on same evidence/ circumstances/ witnesses in a criminal matter that was decided by the
Our Senior Partner Shiju PV quoted in Livemint
https://www.livemint.com/industry/banking/abhyudaya-cooperative-bank-sees-threefold-rise-in-wilful-defaults-in-one-year-11702316325821.html
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
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 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
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