Company Law Updates

INSIGHTS

SC quashes NCLAT decision on CIRP proceedings when legitimate disputes exist

The Supreme Court, in Kay Bouvet Engineering v Overseas Infrastructure Alliance, has held that an adjudicating authority must reject an...

The NCLAT has held that the IBC will overide the SARFAESI Act

The National Company Law Appellate Tribunal (NCLAT), New Delhi, has held in Indian Overseas Bank v. RCM Infrastructure Ltd. and Ors. that...

SC upholds notification allowing banks to proceed against personal guarantors under the IBC

The Supreme Court of India has upheld the validity of a November 2019 notification by the Central Government, permitting creditors to...

The Ministry of Corporate Affairs has introduced additional disclosures and regulatory actions

The Ministry of Corporate Affairs has introduced additional disclosure requirements and regulatory actions related to companies through...

MCA Update: Supreme Court

The Supreme Court has held that minority shareholders are not automatically entitled to a seat on a private company ’ s board In Tata...

NCLT has jurisdiction to adjudicate contractual disputes arising from insolvency of corporate debtor

The Supreme Court has held that the National Company Law Tribunal has jurisdiction to adjudicate contractual disputes, which arise solely...

IBC Update

Parallel proceedings cannot proceed under Section 138 of the Negotiable Instruments Act if order of moratorium passed under IBC The...