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The IBC prescribes strict timelines for filing appeals and taking legal action so as to ensure that insolvency proceedings are not misused to recover time-barred debts. The proviso to Section 61(2) clearly limits
Having thoroughly examined the entire matter factually and legally, Supreme Court arrived at the following irresistible conclusions: – Conclusions of the Supreme Court : (i) The Resolution Professional had utterly
Having regard to the elaborate submissions made by the learned Senior Advocates appearing for the parties, having thoroughly gone through the voluminous record relied upon by them, as also having
The Supreme Court continued to hear the other issues on merits. Both the appellants and respondents submitted their arguments. Appellants Submissions : The Appellants Ex-Promoters/Guarantors of the Corporate Debtor-BPSL made
Being aggrieved by the Judgment and Order dated 17.02.2020 of NCLAT in Bhushan Steel Insolvency case, some of the promoters of Bhushan Steel , operational creditors etc filed appeals before
On the Civil Appeal preferred by an operational creditor of M/s. Bhushan Power and Steel Limited namely Kalyani Transco and others, the Supreme Court directed NCLT to initiate the Liquidation
The Supreme Court in SARANGA ANILKUMAR AGGARWAL Versus BHAVESH DHIRAJLAL SHETH & ORS – CIVIL APPEAL NO(S). 4048 OF 2024- DECIDED ON MARCH 04, 2025 – (2025 INSC 314) held
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One response to “The moratorium under Section 96 of the IBC does not extend to regulatory penalties imposed for non-compliance with consumer protection laws – Supreme Court.”
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