India -

No Right to One-Time Settlement, Bombay High Court Reaffirms Bank's Commercial Wisdom

No Right to One-Time Settlement, Bombay High Court Reaffirms Bank's Commercial WisdomThe court, dismissing a guarantor's plea to compel a bank to accept an OTS proposal, emphasized that banks deal with public money and their commercial decisions on loan settlements should not be dictated by c...

21 Oct 2025

India -

Judiciary Reinforces Creditor Primacy, Defines Limits on OTS and Borrower Rights

Judiciary Reinforces Creditor Primacy, Defines Limits on OTS and Borrower RightsNew Delhi– In a series of significant rulings that clarify and reinforce the legal framework governing debt recovery and corporate insolvency, Indian courts have delivered crucial judgments strengthening the comme...

21 Oct 2025

India -

Belated Claim Post CoC Plan Approval Rejected; Reg. 6A CIRP Regs Inapplicable to Creditor Not in CD's Books or for CIRPs Commenced Pre-Amendment: NCLT Mumbai

NCLT Mumbai Rejects Vistra ITCL's Belated Claim in Rajesh Construction CIRP, Upholds Sanctity of Timelines Mumbai, India– The National Company Law Tribunal (NCLT), Mumbai Bench, comprising Hon’ble Reeta Kohli (Member Judicial) and Hon’bleMadhu Sinha(Member Technical), on January 9, 2025, dism...

23 May 2025