Supreme Court Seeks CBI, ED Probe Into ₹150 Crore Transactions During Stalled CIRP

The Supreme Court on Friday issued notice to the Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and Serious Fraud Investigation Office (SFIO) on a writ petition alleging large-scale fraud, illegal continuation of management during insolvency proceedings, and serious concerns touching upon judicial propriety in a long-stalled Corporate Insolvency Resolution Process (CIRP). The Bench of…

Trademark Disputes That Pre-Date Insolvency Fall Outside NCLT’s Jurisdiction: Supreme Court

“Disputes Dehors Insolvency Cannot Be Dressed Up As CIRP Issues Merely Because They Arise During The Process” – In a ruling that will serve as a judicial compass for insolvency professionals, resolution applicants and adjudicating authorities alike, the Supreme Court in Gloster Limited v. Gloster Cables Limited & Ors., firmly held that insolvency tribunals cannot…