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Supreme Court Rules States Cannot Cite Financial Burden To Delay Judges Retiring At Sixty-Two
06 Aug 2026
Rajasthan High Court Demands Comprehensive Affidavit To Remove Encroachments Affecting Critical Ramgarh Dam Water Flow
06 Aug 2026
How Does Algorithmic Bias In Forest Governance Impact Adivasi Rights In Modern India Today?
06 Aug 2026
Christ University Pune Lavasa Hosts International Conference On Indian Knowledge Systems And Global Governance
06 Aug 2026
Bombay High Court Rules Pre-2015 Unilateral Arbitrator Appointments Valid if Contractually Authorized by Agreement
06 Aug 2026
Madras High Court orders TASMAC to issue bills for every liquor sale amid overcharging row
07 Aug 2026
Why Does Institutional Paralysis Persist Within India’s Lower Judiciary Recruitment Processes Across All State Boards?
07 Aug 2026
Ernst & Young Announces Applications for Senior Associate Role in Legal Practice
08 Aug 2026
Kerala High Court Salutes R. Rajesh's Supreme Sacrifice, Urges Vigilance in Kochi Flood Prevention
08 Aug 2026
Search Results for "Banking, Finance & Insolvency News | Supremetoday AI"
Kerala High Court Grants Relief to Borrower Facing Coercive Proceedings Under SARFAESI Act
#SARFAESI #CoerciveProceedings #LoanDefault #FinancialHardship #KeralaHighCourt
BackgroundA borrower approached the Kerala High Court seeking relief from coercive proceedings initiated by the Kerala Bank Limited under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. The borrower had defaulted on a mortga...
Personal Guarantors' Appeal Against Appointment of Resolution Professional Dismissed by NCLAT
#InsolvencyandBankruptcyCode #PersonalGuarantors #ResolutionProfessional #NCLAT
JUDGEMENTASHOK BHUSHAN, J.These two Appeals have been filed by the Personal Guarantors of Corporate Debtor challenging the order dated 25.01.2024 passed by National Company Law Tribunal, New Delhi Bench, Court – IV in an Application filed by the Bank of Maharashtra under Section 95, sub-secti...
Kerala High Court Allows Installment Payments for Defaulting Borrower
#BankingLaw #LoanDefault #InstallmentPayments
Kerala High Court Allows Installment Payments for Defaulting BorrowerBackground:A petitioner had availed credit facilities from a respondent bank and defaulted on the loan. The bank initiated proceedings against the petitioner under the Kerala State Co-operative (Agricultural and Rural Develo...
Kerala Co-op Bank Granted Installment Repayment Plan to Defaulting Borrower
#LoanDefault #InstallmentRepayment #KeralaCooperativeBank
Kerala Co-op Bank Granted Installment Repayment Plan to Defaulting BorrowerBackground:A borrower, who had availed a loan from the Kerala Co-operative Societies Act, 1969, defaulted on their payments. The bank initiated proceedings against the borrower under the provisions of the Act, promptin...
The court ruled that the resolution plan did not meet the requirements of the Insolvency and Bankruptcy Code, particularly regarding the treatment of the appellant as a secured creditor and the acknowledgment of its submitted claim.
#InsolvencyLaw #Bankruptcy #LegalJudgment #SupremeCourtSupremeCourt
Court Overturns Resolution Plan in Insolvency CaseCategory: Insolvency LawSub-Category: Corporate Insolvency Resolution ProcessSubject: Treatment of Creditors in Insolvency ProceedingsBackgroundIn a significant ruling, the National Company Law Appellate Tribunal (NCLAT) dismissed an appeal co...
NCLAT Reinstates Intervention Application in Insolvency Resolution Process
#NCLAT #Insolvency #Intervention #LocusStandi #CIRP
NCLAT Reinstates Intervention Application in Insolvency Resolution ProcessBackground:In a recent judgment, the National Company Law Appellate Tribunal (NCLAT) addressed the issue of locus standi in intervention applications filed in corporate insolvency resolution processes (CIRPs). The case ...
Court Dismisses Appeal Challenging SARFAESI Proceedings Due to Waiver of Redemption Rights
#SARFAESI #RedemptionRights #AuctionSale #NPA #LoanDefault
Court Dismisses Appeal Challenging SARFAESI Proceedings Due to Waiver of Redemption RightsBackground:The appellants, a borrower and a guarantor, challenged the proceedings initiated by the respondent bank under the Securitisation and Reconstruction of Financial Assets and Enforcement of Secur...
Banking Ombudsman Order Quashed for Procedural Lapses; High Court Emphasizes Transparency in Loan Interest Rate Changes
#BankingLaw #ConsumerProtection #LoanTransparency #AllahabadHighCourt
High Court Quashes Banking Ombudsman Order, Citing Lack of Fair Procedure and Opaque Interest Rate Hikes Allahabad High Court, JusticePrashantKumar, overturns BankingOmbudsman's decision for failing to provide borrower a hearing; highlights need for transparency in variable interest rate loan...
Suspended Directors Challenge Admission of Section 7 Application in Asian Hotels (West) Ltd. Insolvency Case
#CorporateInsolvency #Section7Application #FinancialCreditor #SuspendedDirectors #CIRP
Four appeals were filed by the Suspended Director of the Corporate Debtor - Asian Hotels (West) Ltd. and shareholders of Corporate Debtor challenging the order passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi Bench IV admitting Section 7 application filed by the ...
Suspended Directors of Asian Hotels (West) Ltd. Challenge NCLT Order Admitting Section 7 Application
#Insolvency #CIRP #CorporateLaw #NCLT
The Suspended Director of Asian Hotels (West) Ltd. and shareholders of the Corporate Debtor have filed four appeals challenging the order passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi Bench IV admitting Section 7 application filed by the Financial Creditor. Th...
