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Bombay High Court Quashes Sub-Registrar's Refusal to Register Sale Agreements in Registration Act Limitation Matter. Court Excludes Period of Court Stay While Computing Four-Month Limitation Under Section 23 of Registration Act, 1908, Directing Registration of Agreements for Sale....

The dispute arose from the refusal of the Sub-Registrar of Assurances-I, Jat, District Sangli to register two Agreements for Sale executed on 6 March 2018 between Grand Centrum Realty LLP and Vidhyart...

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Bombay High Court Upholds Arbitral Tribunal's Interim Order Directing Developer to Furnish ₹93.54 Crore Security and Disclose Sales Revenues in Land Revenue-Sharing Dispute. Court Holds That RERA Escrow Compliance and Oral License Claims Cannot Defeat Landowner's 45% Net Revenue Entitlement Under Supplemental Development Agreement....

The litigation arose from a commercial arbitration dispute over a redevelopment project in Mumbai. Shree Naman Developers Private Limited (“Naman”), the developer, and Premier Textile Processors (...

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NCLAT Allows Section 7 Petition in Insolvency Case Due to Acknowledgment of Debt in Balance Sheets and Emails. Repeated acknowledgment of debt by Corporate Debtor in balance sheets and emails extends limitation period under Section 18 of Limitation Act, 1963, saving the petition from being time-barred....

The case involves an appeal filed by Akzo Nobel India Ltd. (Financial Creditor) against Stan Cars Pvt. Ltd. (Corporate Debtor) under Section 61 of the Insolvency and Bankruptcy Code, 2016, challenging...

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NCLAT Allows Appeal Against Admission of CIRP Due to Discharge of Debt Through One-Time Settlement. Financial Debt Found to Be Fully Satisfied Prior to Filing of Section 7 Application Under Insolvency and Bankruptcy Code, 2016....

The present appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Mr. Puneet Resutra, the erstwhile Director and Shareholder of M/s Ace Engineering (India) Private Lim...

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NCLAT Dismisses Appeal of Former Director in Fraudulent Trading Case Under Section 66 IBC. The Tribunal upheld the finding that the appellant siphoned funds and engaged in wrongful trading during liquidation of Easytech Global Private Limited....

The present appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed by Mr. Gopal Kalra, the erstwhile director of M/s Easytech Global Private Limited (Corporate Debtor), ag...

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Company Appeal (AT) (Ins) No. 1563 of 2023...

The appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 arises from the order of the NCLT, Allahabad Bench dated 06.10.2023 dismissing the Appellant's petition under Section 7 of the C...

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NCLAT Allows Appeal of Financial Creditor Against Classification as Unsecured Creditor in Liquidation Proceedings. The Tribunal remanded the matter for fresh consideration of whether the creditor's claim based on bill discounting facilities should be treated as secured or unsecured under the Insolvency and Bankruptcy Code, 2016....

The appeal was filed by Bizloan Private Limited, a financial creditor, against the order of the National Company Law Tribunal, Mumbai Bench, dated 19.12.2023, which classified the Appellant as an unse...

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NCLAT Dismisses Appeal of Homebuyer Seeking Late Claim Filing in CIRP — Resolution Plan Approved Prior to Claim Filing Cannot Be Reopened. Homebuyer's claim filed after CoC approval of resolution plan was rightly rejected by RP as per IBC Regulations....

The case involves an appeal filed by Sonia Kapoor, an allottee of a unit (A-1-104) in a real estate project of Dream Procon Pvt. Ltd. (Corporate Debtor), against an order of the NCLT, New Delhi dated ...