MSME Promoters are not disqualified u/s 29A of IBC to apply for Resolution Plan: Supreme Court

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

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

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

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