Whether the provision of Section 14 as well as Section 33(5) of the IBC shall prevail over Section 3 of WBPIDFE Act? – Directorate of Economic Offences Vs. Binay Kumar Singhania & Ors- NCLAT New Delhi

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When once the CoC is/was formed, the Resolution Professional cannot alter the same. A Resolution Professional has no Adjudicatory Power under the Code – Mr. K.N. Rajakumar Suspended Director Vs. V. Nagarajan RP of M/s. Aruna Hotels Ltd. – NCLAT Chennai

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The lease of land between developing authority and the builders cannot be considered or treated as a financial lease – New Okhla Industrial Development Authority Vs. Mr. Anand Sonbhadra (RP)- NCLAT New Delhi

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The Adjudicating Authority cannot directly ask the Central Government to refer the matter to SFIO as there is a procedure required to be followed under Section 213(b) of the Companies Act, 2013 – Ministry of Corporate Affairs Vs. Shri Amit Chandrakant Shah RP M/s. BCIL Red Earth Developers India Pvt. Ltd. – NCLAT New Delhi

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The period from 14.03.2021 till further orders shall also stand excluded the periods of limitation for instituting proceedings, outer limits (within which the court or tribunal can condone delay) and termination of proceedings – SC

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NCLT extends the date of hearing to 01.07.2021 onwards for Principal bench and New Delhi (Court No. II, III, IV, V & VI) in all the pending matters – File No. 25/02/2021-NCLT dt. 27.04.2021

The surge in COVID-19 cases in National Capital Territory Delhi is continue and also cases increasing in various Central Government Ministries/Departments. Therefore, it has been decided to extend the date of hearing to 01.07.2021 onwards for Principal bench and New Delhi (Court No. II, III, IV, V & VI) in all the pending matters.

For the financial year 2020-2021, an insolvency professional shall pay the fee on or before the 30.06.2021 – Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2021

INSOLVENCY AND BANKRUPTCY BOARD OF INDIANOTIFICATIONNew Delhi, the 27th April, 2021 Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2021 No. IBBI/2021-22/GN/REG073.- In exercise of the powers conferred by sections 196, 207 and 208 read with section 240…

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2021

INSOLVENCY AND BANKRUPTCY BOARD OF INDIANOTIFICATIONNew Delhi, 27th April, 2021 Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2021 No. IBBI/2021-22/GN/REG074.—In exercise of the powers conferred by sections 196, 203…

The words ‘to secure the ends of justice’ in Section 482 cannot mean to overlook the undermining of a statutory dictate, which in this case is the provisions of Section 14, and Section 17 of the IBC – Sandeep Khaitan, RP For National Plywood Industries Ltd. Vs. JSVM Plywood Industries Ltd. & Anr. – SC

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