Supreme Court bench heard the two connected appeals of NOIDA against the judgment of the National Company Law Appellate Tribunal (NCLAT) and held that NOIDA is not a financial creditor but an operational creditor under the IBC
Supreme Court stays Uttarakhand High Court direction to register FIR against Chief Minister Trivender Rawat. It makes important observations for NDPS probe.In Insolvency and Bankruptcy Code, Supreme court says the cases of insolvency of personal guarantors will be transferred to one place. Bombay High Court sets aside order seizing properties of former Goa Chief Ministers Digambar Kamat and Churchill Alemao.
A plea has been filed in the Supreme Court challenging section 3 of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 and Section 7 of the IBC and to set out new conditions for real estate allottees to approach the NCLT as being in violation of Article 14 and 21 of the Constitution.