Search Results for "Banking, Finance & Insolvency News | Supremetoday AI"

Vijay Mallya spoils own case by posting ED affidavit on X, Bombay High Court observes

Vijay Mallya spoils own case by posting ED affidavit on X, Bombay High Court observes

#SocialMediaAndLaw #CourtDiscipline

Vijay Mallya spoils own case by posting ED affidavit on X, Bombay High Court observesTheBombay High Courton Tuesday delivered a sharp rebuke to fugitive businessman Vijay Mallya after he posted anEnforcement Directorateaffidavit on the social media platform X, with Justice Milind N Jadhav war...

India - High Court of Bombay • Prevention of Money Laundering Act • 23 Sep 2026
NCLAT Holds Personal Guarantors Bound by DRT's Final Liability Under Insolvency Code

NCLAT Holds Personal Guarantors Bound by DRT's Final Liability Under Insolvency Code

#InsolvencyCode #PersonalGuarantor

NCLAT Holds Personal Guarantors Bound by DRT's Final Liability Under Insolvency CodeIn a significant ruling that reinforces thefinalityof debt recovery proceedings, theNational Company Law Appellate Tribunal (NCLAT)has held thatpersonal guarantorsof an insolvent company cannotre-agitatethe ex...

India - National Company Law Appellate Tribunal • Section 114 IBC, Personal Guarantee • 23 Sep 2026
NCLT Mumbai Rejects SBI's ₹1,759 Crore Insolvency Plea Against Patanjali Foods Guarantor on Limitation Grounds

NCLT Mumbai Rejects SBI's ₹1,759 Crore Insolvency Plea Against Patanjali Foods Guarantor on Limitation Grounds

#InsolvencyLaw #LimitationAct

NCLT Mumbai Rejects SBI's ₹1,759 Crore Insolvency Plea Against Patanjali Foods Guarantor on Limitation GroundsTheNational Company Law Tribunal (NCLT), Mumbai Bench, has dealt a significant blow to theState Bank of India (SBI)by rejecting its ₹1,759 crore insolvency petition against Dinesh Sha...

India - National Company Law Tribunal • Limitation under Insolvency and Bankruptcy Code, 2016 • 23 Sep 2026
NCLAT Rejects Liquidator's Plea, Orders ₹54 Crore Refund to JFC Finance in Moser Baer Auction

NCLAT Rejects Liquidator's Plea, Orders ₹54 Crore Refund to JFC Finance in Moser Baer Auction

#NCLAT #InsolvencyLaw

NCLAT Rejects Liquidator's Plea, Orders ₹54 Crore Refund to JFC Finance in Moser Baer AuctionTheNational Company Law Appellate Tribunal (NCLAT), New Delhi, has firmly rejected an attempt by the Liquidator ofMoser Baer Solar Ltd.to retain a ₹54 crore deposit made byJFC Finance (India) Ltd.afte...

India - National Company Law Appellate Tribunal • Refund of Auction Deposit • 23 Sep 2026
Madras High Court Refuses to Bow to NPA Threat, Upholds Attachment Against SEPC and Twarit

Madras High Court Refuses to Bow to NPA Threat, Upholds Attachment Against SEPC and Twarit

#Arbitration #NPA

Madras High Court Refuses to Bow to NPA Threat, Upholds Attachment Against SEPC and TwaritTheMadras High Courthas firmly rejected a plea bySEPC Limitedto recall or keep in abeyance the attachment of Rs. 154.63 crore in trade receivables, holding that it cannot “bow down” to arguments that con...

India - High Court of Madras • Sections 47-49 Arbitration and Conciliation Act, 1996 • 23 Sep 2026
Karnataka High Court Rules Standard Chartered Bank Is 'Victim' in Bail Proceedings

Karnataka High Court Rules Standard Chartered Bank Is 'Victim' in Bail Proceedings

#VictimRights #BankFraud

Karnataka High Court Rules Standard Chartered Bank Is 'Victim' in Bail ProceedingsIn a significant ruling reinforcing the rights of financial institutions in criminal proceedings, theKarnataka High Courthas held that a bank that suffers financial loss due to an accused’s allegedsiphoning of f...

India - High Court of Karnataka • Victim status under Section 2(wa) CrPC • 23 Sep 2026
NCLAT Delhi: Liquidator's 202-Day Refiling Delay Not Explained by Counsel's Personal Difficulties

NCLAT Delhi: Liquidator's 202-Day Refiling Delay Not Explained by Counsel's Personal Difficulties

#NCLAT #InsolvencyLaw

NCLAT Delhi: Liquidator's 202-Day Refiling Delay Not Explained by Counsel's Personal DifficultiesTheNational Company Law Appellate Tribunal (NCLAT)at New Delhi has firmly reiterated that a litigant cannot pin the blame forprocedural lapseson his counsel's personal hardships. In a decision tha...

India - National Company Law Appellate Tribunal • Condonation of Delay • 22 Sep 2026
Andhra Pradesh High Court: Bank Can Retain Gold Pledged For Loan To Recover Other Dues

Andhra Pradesh High Court: Bank Can Retain Gold Pledged For Loan To Recover Other Dues

#GeneralLien #BankersLien

Andhra Pradesh High Court: Bank Can Retain Gold Pledged For Loan To Recover Other DuesIn a significant ruling on the scope ofbankers' lien, theAndhra Pradesh High Courtdismissed a writ petition seeking the return of gold ornaments pledged for a gold loan, holding that the bank could retain th...

India - High Court of Andhra Pradesh • Section 171 of Indian Contract Act, 1872 • 22 Sep 2026
Does Conversion of IBC Appeal Into Companies Act Appeal Save Limitation? NCLAT Says No

Does Conversion of IBC Appeal Into Companies Act Appeal Save Limitation? NCLAT Says No

#IBC #LimitationAct

Does Conversion of IBC Appeal Into Companies Act Appeal Save Limitation? NCLAT Says NoIn a significant ruling that clarifies the interplay between limitation periods under theInsolvency and Bankruptcy Code (IBC)and theCompanies Act, 2013, theNational Company Law Appellate Tribunal (NCLAT)has ...

India - National Company Law Appellate Tribunal • Section 14 Limitation Act / Appeal Conversion • 22 Sep 2026
Byju's Insolvency: Supreme Court Reserves Verdict on Committee of Creditors' Impleadment Plea

Byju's Insolvency: Supreme Court Reserves Verdict on Committee of Creditors' Impleadment Plea

#InsolvencyCode #IBC

Byju's Insolvency: Supreme Court Reserves Verdict on Committee of Creditors' Impleadment PleaTheSupreme Courton Monday reserved its verdict on a critical procedural question arising from the ongoing insolvency proceedings of edtech giantByju's(Think & Learn Pvt. Ltd.): whether theCommittee of...

India - Supreme Court • Impleadment under Insolvency and Bankruptcy Code • 22 Sep 2026
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