financial creditors

Reverse Corporate Insolvency Resolution Procedure [Reverse CIRP]: A Novel Experiment Conducted By The NCLAT

The Insolvency and Bankruptcy Code, as mentioned in the objects and reasons, was enacted to provide effective resolution procedure for timely resolution of debtors, and to maximise the value of the debtor’s assets. To pursue these objects, it provides...

NCLAT: Is following the Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code a viable option when the defaulter is an Infrastructure and Real...

This question was addressed by the National Company Law Appellate Tribunal (NCLAT) in the case of in Flat Buyers Association v. Umang Realtech Pvt. Ltd. The case was concerned between the Flat Buyers Association of the Umang Realtech Pvt. Ltd.’s...

Are Home Buyers Financial Creditors? Supreme Court rules in favour of Jaypee Infra Home Buyers

The Supreme Court in the case of Chitra Sharma v. Union Of India decided on 6 November 2019 that the home buyers shall be included in the list of financial creditors. Also, as a matter of fact, after the amendment...

Latest News

Benefit of Probation Not Excluded by the Provisions of Mandatory Minimum Sentence Under Section 397 of Ipc

This case concerns the dispute regarding the granting of probation on good conduct to the accused under the age...

Supreme Court Asks for the Centre’s Response on PIL Filed Seeking the Formation of a Media Tribunal

The Supreme Court sought responses from the Press Council of India (PCI), News Broadcasters Association (NBA) on a PIL which sought to set up a media tribunal to tackle issues concerning the media like complaints against media, channels, and networks. Media has become like an unruly horse that has to be tamed to express the plea.

Law Student Asked the Supreme Court To Take Suo Moto Cognizance of the Violent Farmer Protests

A law student of Mumbai University, Ashish Rai has asked the Supreme Court to take Suo Moto Cognizance of the insult to the national flag done by the farmer protests at the Red Fort. In the course of the farmer's tractor rally on Tuesday, some of the protesters unfurled their own flags by entering the premises of the Red Fort.

Farmers Meeting With the Supreme Court Committee Postponed To Jan 29 Due To the Traffic Restrictions

Due to the traffic restrictions after the violent protests broke out on Republic Day, the meeting of farmers with the Supreme Court Committee that was supposed to take place today was postponed to 29th January.

Explained: The Right to be Forgotten in India

Right to Privacy is an essential fundamental right which has been enshrined in the Indian Constitution under Article 21 after the Justice K.S. Puttaswamy...