Retired partner cannot initiate proceedings under Insolvency and Bankruptcy Code, 2016 (“IBC”) against other partners or firm for retirement dues- observed NCLT, Mumbai Read More »
Initiation of CIRP not mandatory for maintainability of an application against personal guarantors U/S 95, Insolvency and Bankruptcy Code, 2016 (“IBC”) – observed NCLT, Kochi Read More »
Acknowledgment of debt in the balance sheet of the corporate debtor comes within the meaning of acknowledgment u/s 18 of the Limitation Act – reiterated NCLT, Kochi Read More »
Business to Business disputes cannot be construed to as Consumer Dispute – observed Supreme Court Read More »
ROC imposes a penalty of Rs. 2 Lakh u/s 56(6) of Companies Act,2013 for the delay in issue of Share Certificates as prescribed u/s 56(4) of Companies Act,2013 Read More »
Limitation under Section 9 of IBC commences only upon the occurrence of default and not when the debt becomes due – observed Supreme Court Read More »
Superseded Directors Under RBI Act, not entitled to notice of CoC meetings – NCLAT observed Read More »
The author of a tender document is the best person to interpret the same – Reiterates Supreme Court Read More »
Fire accident cannot be termed as ‘Act of God’ if it did not happen due to external natural force – Supreme Court observed Read More »
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