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

Supreme Court Upholds Forfeiture of Full Deposits for Default in Liquidation Asset Purchases

Supreme Court Upholds Forfeiture of Full Deposits for Default in Liquidation Asset Purchases

#InsolvencyLaw #SupremeCourtRuling #LiquidationProceedings

Supreme Court Upholds Forfeiture of Full Deposits for Default in Liquidation Asset Purchases In a significant ruling for insolvency practitioners and asset buyers, the Supreme Court of India has affirmed the authority of the National Company Law Tribunal (NCLT) to order the forfeiture of the ...

India - Supreme Court Deposit Forfeiture on Payment Default 11 Dec 2025
Writ Petition Challenging SARFAESI Proceedings Dismissed; Borrowers Directed to Approach DRT: Kerala High Court

Writ Petition Challenging SARFAESI Proceedings Dismissed; Borrowers Directed to Approach DRT: Kerala High Court

#SARFAESI #KeralaHighCourt #DebtRecovery

Kerala High Court Dismisses Writ Petition Against Bank's SARFAESI Action in Loan Default Case Case Overview In a recent ruling, the Kerala High Court at Ernakulam dismissed a writ petition filed by Hashim, a 51-year-old resident of Alappuzha, challenging recovery proceedings initiated by the ...

India - High Court of Kerala Case Law 11 Dec 2025
SARFAESI Ownership Transfer Completes Only on Sale Certificate Issuance, Not Auction Notice, Even Amid IBC Section 96 Interim Moratorium: Bombay High Court

SARFAESI Ownership Transfer Completes Only on Sale Certificate Issuance, Not Auction Notice, Even Amid IBC Section 96 Interim Moratorium: Bombay High Court

#SARFAESI #IBC #InsolvencyLaw

Bombay High Court Rules: SARFAESI Sale Not Complete Until Sale Certificate Amid IBC Moratorium Case Overview The Bombay High Court, in a significant ruling on the intersection of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI...

India - High Court of Bombay Case Law 11 Dec 2025
Interplay Between SARFAESI Act and Section 96 IBC: Bombay High Court Rules on Completion of Secured Asset Sale

Interplay Between SARFAESI Act and Section 96 IBC: Bombay High Court Rules on Completion of Secured Asset Sale

#SARFAESI #InsolvencyLaw

When Does a Sale Actually Finish? Bombay High Court Clarifies SARFAESI-IBC ConflictIn a significant ruling clarifying the boundaries of debt recovery, the Bombay High Court has addressed the critical intersection between theSARFAESI Actand theInsolvency and Bankruptcy Code (IBC). The bench, c...

India - High Court of Bombay Completion of Statutory Sale 10 Dec 2025
Byju's RP Challenges Aakash Share Withholding in NCLAT Appeals

Byju's RP Challenges Aakash Share Withholding in NCLAT Appeals

#InsolvencyLaw #CorporateDisputes #EdTechCrisis

Byju's RP Challenges Aakash Share Withholding in NCLAT Appeals Amid Broader Court Updates Lead: A Snapshot of Key Legal Developments In a series of significant rulings and appeals unfolding across Indian courts, the National Company Law Appellate Tribunal (NCLAT) has set December 16 for heari...

India - High Court of Delhi Recent Appellate and High Court Developments 08 Dec 2025
Insurer Must Prove Disclosure of STFI Exclusion in Standard Fire Policy to Repudiate Flood Damage Claim Under Utmost Good Faith and IRDA Regulations: High Court of J&K and Ladakh

Insurer Must Prove Disclosure of STFI Exclusion in Standard Fire Policy to Repudiate Flood Damage Claim Under Utmost Good Faith and IRDA Regulations: High Court of J&K and Ladakh

#InsuranceLaw #ConsumerProtection #PolicyDisclosure

High Court Upholds Compensation for Flood-Damaged Home, Stresses Insurer's Duty to Disclose Exclusions The High Court of Jammu & Kashmir and Ladakh at Srinagar has dismissed an appeal by National Insurance Company Limited, affirming a consumer commission's order to pay over Rs. 4.76 lakh in c...

India - High Court of Jammu and Kashmir Case Law 04 Dec 2025
NCLT Rejects E-Auction Challenge Over Unproven Technical Glitch

NCLT Rejects E-Auction Challenge Over Unproven Technical Glitch

#InsolvencyLaw #EAuctionDispute #NCLTDecision

NCLT Rejects E-Auction Challenge Over Unproven Technical Glitch In a recent ruling that underscores the robustness of digital processes in insolvency resolutions, the National Company Law Tribunal (NCLT) at New Delhi has dismissed an application to annul a concluded e-auction, citing a lack o...

India - National Company Law Tribunal Validity of Electronic Auctions in Insolvency Proceedings 03 Dec 2025
NCLT, NCLAT Bolster IBC: Defaults Trump NPA Issues, Auctions Bind Bidders

NCLT, NCLAT Bolster IBC: Defaults Trump NPA Issues, Auctions Bind Bidders

#InsolvencyLaw #IBCHoldings #CorporateAuctions

NCLT, NCLAT Bolster IBC: Defaults Trump NPA Issues, Auctions Bind Bidders In a pair of significant rulings that reinforce the rigorous framework of India's Insolvency and Bankruptcy Code, 2016 (IBC), the National Company Law Tribunal (NCLT) Mumbai and the National Company Law Appellate Tribun...

India - National Company Law Appellate Tribunal Default and Auction Obligations under IBC 03 Dec 2025
Mere Technical Glitch Claims in Bankruptcy E-Auction Insufficient to Set Aside Sale Without Proof of Fraud, Collusion, or Fundamental Error: NCLT New Delhi (Under IBC Sections 60(5) and 126).

Mere Technical Glitch Claims in Bankruptcy E-Auction Insufficient to Set Aside Sale Without Proof of Fraud, Collusion, or Fundamental Error: NCLT New Delhi (Under IBC Sections 60(5) and 126).

#IBC #BankruptcyAuction #NCLTEAuction

NCLT Dismisses Bid to Cancel Bankruptcy E-Auction Over Alleged Technical Glitches, Upholding Sale to Highest Bidder In a recent ruling, the National Company Law Tribunal (NCLT), New Delhi Bench, dismissed an application seeking to set aside an e-auction of bankrupt assets due to claimed techn...

India - National Company Law Tribunal Case Law 02 Dec 2025
Partial Unfreezing of Bank Account Allowed Pending Police Specification of Disputed Amount Under Article 226: Rajasthan High Court

Partial Unfreezing of Bank Account Allowed Pending Police Specification of Disputed Amount Under Article 226: Rajasthan High Court

#BankingLaw #WritPetition #RajasthanHC

Rajasthan High Court Orders Partial Unfreezing of Petitioner's Bank Account in Illegal Transfer Case Jodhpur, November 27, 2025– In a significant ruling balancing individual financial rights with ongoing criminal investigations, the High Court of Judicature for Rajasthan at Jodhpur has direct...

India - High Court of Rajasthan Case Law 27 Nov 2025
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