Harshul Sharma

Debt Acknowledged After Expiry of Limitation Period Cannot Initiate the Proceedings Under CIRP: NCLAT

The appellant filed the appeal against the order dated 11th December 2019 passed by National Company Law Tribunal (NCLT), Chennai wherein the adjudicating authority accepted the Insolvency Application u/s 7 of IBC. The appellant here was C.R. Badrinath, and...

Insolvency Resolution Process Appointed Against Anil Ambani by NCLT

In the case of State Bank of India (SBI) vs Anil Dhirajlal Ambani, the National Company Law Tribunal (NCLT), Mumbai decided to appoint an insolvency resolution process in a Rs 1200 crore case filed by SBI. The financial creditor...

Date of Default Will Always Be the Date of Declaration of Account as an NPA: NCLAT

In the case of Jagdish Prasad Sarada vs Allahabad Bank, the Appellant filed an appeal against the Order dated 27th August 2019. This was passed by National Company Law Tribunal (NCLT), Hyderabad wherein the adjudicating authority admitted the...

No Insolvency for Disputes Which Are Not Pre-Existing: NCLAT

In the case of M/s Allied Silica Ltd. vs M/s Tata Chemicals Ltd., the appellant filed the case against the judgment passed by National Company Law Tribunal (NCLT), Mumbai which was pronounced on 15th November 2019. The adjudicating authority, i.e....

Appeal Must Be Filed Within 45 Days of Public Announcement: NCLAT

In the case of Girish Baduni vs Punjab National Bank, an appeal was filed against the order dated 20th September 2019 which was duly passed by National Company Law Tribunal (NCLT), Jaipur. The appeal was filed under section 61 of...

Decree Holder Cannot Initiate CIRP as Financial Creditors: NCLAT

In the case of Sushil Ansal vs Ashok Tripathi & Ors, the National Company Law Appellate Tribunal (NCLAT), New Delhi diluted the interest of decree holders under IBC. The appellate tribunal stated that the decree-holder could not be a...

IBC Cannot Substitute a Recovery Forum: NCLAT

In the case of M/s Kuntal Construction Pvt Ltd vs. M/s Bharat Hotels Ltd, the Appellant filed an appeal against the order dated 30th January 2020 by National Company Law Tribunal, New Delhi. The appeal was filed under Section...

No Insolvency for Disputes Which Are Not Pre-Existing

In the case of M/s Allied Silica Ltd. vs. M/s Tata Chemicals Ltd., the appellant filed the case against the judgment passed by National Company Law Tribunal (NCLT), Mumbai which was pronounced on 15th November 2019. The adjudicating authority...

Insolvency Resolution Passed Against Anil Ambani

In the case of State Bank of India (SBI) vs Anil Dhirajlal Ambani, the National Company Law Tribunal (NCLT), Mumbai decided to appoint an insolvency resolution process in a Rs 1200 crore case filed by SBI. The financial creditor...

Debt Acknowledged After Limitation Period Expiry Cannot Initiate the Proceedings Under CIRP

The appeal was filed by the appellant against the order dated 11th December 2019 passed by National Company Law Tribunal (NCLT), Chennai wherein the adjudicating authority accepted the Insolvency Application u/s 7 of IBC. The appellant here was CR...

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“Anganwadi Centers to Be Reopened Outside the Containment Zones, Which Is to Be Decided by the State”: Supreme Court

This case concerns the reopening of the Anganwadi Centers after they had been closed due to the lockdown being...
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“Credit Facilities Being Granted by the Primary Agricultural Credit Society to the Non-Members Is No Longer Illegal”: Supreme Court

This Case concerns the dispute relating to the grant of tax exemption under Section 80P of the Income Tax Act, 1961.  Brief facts of the...

Back Wages of Labourers is a Question of Facts Depending Upon Various Factors: Gujarat High Court

The petition has been filed by workmen and employer against an award dated 23.04.2009 passed by the Labour Court, Bhuj in the case of...

WhatsApp Messages Would Have No Evidentiary Value Until They Are Certified According to Section 65b of the Indian Evidence Act: Punjab & Haryana High...

Brief facts of the case Paramjit Kaur, the proprietor of Brioshine Pharma, a licensed chemist, booked two consignments. The first consignment, on 10.06.2020 and the,...

Delhi High Court Seeks Response From Centre, RBI in PIL to Regulate Online Lending Platforms

A notice had been issued by the Delhi HC in a PIL that sought regulation of online lending platforms (Dharanidhar Karimojji vs UOI). Brief Facts: The...