Introduction: In a significant judgment, the Nagpur Bench of the Bombay High Court, presided over by Justice M.M. Nerkiar, examined the intersection of consumer protection law and insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), 2016. The case arose from Srei Equipment Finance Limited v. Rajesh Bajirao Khandewar and Others (Criminal Writ Petition No.…
Mumbai: The Bank of Maharashtra has joined three other lenders in labeling Reliance Communications’ ₹488 crore loan as fraudulent, deepening the telecom company’s troubles even as it awaits approval of its insolvency resolution plan. A Fourth Fraud Tag on a Collapsing Empire Reliance Communications Ltd. (RCOM), once a crown jewel of India’s telecom sector, now…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Bank of Maharashtra Labels Reliance Communications Account as Fraudulent scanx.trade Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The Delhi High Court has made it clear that once a final winding up order has been passed against a Company and the Official Liquidator has taken charge, the Company Court is not required to come to the aid of guarantors so as to shield them from recovery proceedings initiated by creditors. A division bench…
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 aims to increase efficiency, speed and transparency. On the surface, the move to speed up and increase certainty in India’s insolvency regime appears to be the change we have been asking for. Reducing delays, strict deadlines and empowering creditors are the goals. However, if we look a…
These statutes constitute vital lifelines of Indian trade and commerce. While IBC focuses on corporate debt resolution, the remaining two address maritime claim enforcement. In common parlance, maritime liens are security interest recognized under maritime law, attaching to a vessel, certain types of claims such as seafarers’ wages, salvage, or damages from collision. These rights exist…