In case of a consortium of Banks, lead Bank having majority voting share (more than 75%) cannot give its approval on behalf of another Bank for the settlement/withdrawal of CIRP proceedings and IBC overrides RBI’s guidelines – Narendra Jindal  Vs. HDFC Bank Ltd. – NCLT New Delhi Bench Court-III

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Landmark judgment on a civil suit filed by a Borrower against a Bank/Financial Institution in relation to the proceedings for recovery of debt by a Bank or Financial Institution under RDB Act 1993, Transfer of a suit from Civil Court to a DRT and Parallel Proceedings in DRT and Civil Court – Bank of Rajasthan Ltd. Vs. VCK Shares & Stock Broking Services Ltd. – Supreme Court

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Whether claim of recovery of difference between concessional payment under C-Forms and payment of Sales Tax due to reason that Form C was not supplied is fall under Operational Debt – Transit Geo System Integrators Pvt. Ltd. Vs. Stahl Tecniks Pvt. Ltd. – NCLAT New Delhi

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NCLT grants 30 days more time to complete compromise or arrangement proposed under Section 230 of the Companies Act, 2013 r/w Reg. 2B of Liquidation Process Regulations, 2016 – Goodwin Packpet Pvt. Ltd. Vs. Mr. Balakrishnan Baburajan IP – NCLT Kochi Bench

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