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Madras High Court Upholds Penalty Waiver Under Section 80 For Financial Crisis In Service Tax
05 Aug 2026
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
Search Results for "Banking, Finance & Insolvency News | Supremetoday AI"
Supreme Court Bolsters Homebuyer Rights Under IBC, Rules Admitted Claims Guarantee Possession
Insolvency RealEstateLaw SupremeCourt
Supreme Court Bolsters Homebuyer Rights Under IBC, Rules Admitted Claims Guarantee Possession New Delhi– In a landmark decision fortifying the rights of homebuyers within the corporate insolvency framework, the Supreme Court of India has ruled that once a homebuyer's claim is verified and adm...
Del Credere Agent Who Paid Principal For Corporate Debtor’s Default Can Initiate CIRP U/S 9 IBC: NCLT Kolkata
#NCLT #IBC2016 #DelCredereAgent
NCLT Admits Insolvency Plea by Del Credere Agent, Cites Right to Recover Dues Paid on Behalf of Debtor Kolkata:The National Company Law Tribunal (NCLT), Kolkata Bench, comprisingSmt. Bidisha Banerjee (Judicial Member)andCmde. Siddharth Mishra (Technical Member), has admitted a petition to ini...
Mortgage to Secure Group Company's Loan Isn't 'Financial Debt' Under IBC Sec 5(8) Without an Explicit Guarantee: NCLT
#IBC #NCLT #FinancialDebt
NCLT Rejects ARCIL's ₹1,279 Crore Claim as 'Financial Debt', Upholds Distinction Between Mortgage and Guarantee Mumbai | September 9, 2025– The National Company Law Tribunal (NCLT), Mumbai Bench, has delivered a significant ruling clarifying the scope of 'financial debt' under the Insolvency ...
Insurer Can't Repudiate Claim Based on Unrelated 'Pre-Existing' Ailment After Two Years Under S.45 of Insurance Act: Kerala High Court
InsuranceLaw Section45 HealthInsurance
Insurers Cannot Repudiate Claims on Trivial Grounds; Unrelated Past Ailments Not 'Material Suppression': Kerala High Court KOCHI:In a significant ruling reinforcing the rights of policyholders, the Kerala High Court, presided over by Justice P.M. Manoj, has quashed the decision of the Life In...
‘Contra Proferentem’ Applies to Ambiguous Loan-Linked Insurance Policies; Insurer’s Repudiation Set Aside: Bombay High Court
InsuranceLaw ContraProferentem BombayHC
Bombay High Court Upholds Ombudsman's Award, Slams Insurer for Repudiating Widow's Claim on 'Absurd' Policy Terms Mumbai:In a strongly worded judgment highlighting the plight of a grieving family, the Bombay High Court has upheld an Insurance Ombudsman's award directing Tata AIG General Insur...
Pre-Deposit Under S.21 RDB Act Not Required For Procedural Appeals Against Ex-Parte Orders: Telangana High Court
#RDBAct #DRAT #ProceduralJustice
Pre-Deposit Under RDB Act Not Mandatory for Appeals on Procedural Matters, Rules Telangana High Court HYDERABAD– In a significant ruling clarifying the scope of the mandatory pre-deposit for appeals under debt recovery laws, the Telangana High Court has held that the requirement does not appl...
Assignee of Debt from a Related Party Inherits Disqualification from CoC: NCLT Chennai
InsolvencyLaw RelatedParty NCLT
NCLT Chennai Upholds 'Related Party' Classification for Assignee, Bars Entry into CoC CHENNAI, INDIA– In a significant ruling clarifying the scope of 'related party' disqualifications under the Insolvency and Bankruptcy Code (IBC), 2016, the National Company Law Tribunal (NCLT), Chennai Bench...
Writ Petition For Insurance Claim Arising From Private Contract Not Maintainable On Grounds Of Delay & Laches: Kerala High Court
InsuranceLaw WritJurisdiction DelayAndLaches
Kerala High Court Dismisses Alukkas Jewellery's ₹14.29 Crore Insurance Claim Petition on Grounds of Inordinate Delay Ernakulam, Kerala- The Kerala High Court has dismissed a writ petition filed by Alukkas Jewellery seeking a direction to United India Insurance Co. Ltd. to pay a claim of ₹14.2...
Appointment of IRP Under S.7 & S.10 IBC Is Mandatory, NCLT Has No Discretion To Deviate From Applicant's Choice: Madras High Court
#IBC #NCLT #InsolvencyLaw
Madras High Court Rules NCLT Must Appoint IRP Proposed by Applicant Under IBC In a significant ruling clarifying the powers of the Adjudicating Authority, a Division Bench of the Madras High Court, comprising Dr. Justice Anita Sumanth and Mr. Justice N. Senthilkumar, has held that the Nationa...
‘Wilful Default’ Declaration Requires Misuse of ‘Borrowed Funds’, Not Internal Accruals: Delhi High Court
WilfulDefaulter RBIMasterCircular BankingLaw
Delhi High Court Upholds Quashing of 'Wilful Defaulter' Tag on Ratul Puri, Sets High Bar for Banks NEW DELHI— In a significant ruling with wide-ranging implications for the banking sector, the Delhi High Court has dismissed appeals from Punjab National Bank (PNB) and Bank of Baroda (BOB), aff...
