Whether any instrument which is convertible into shares with Put Option is regarded as Financial Debt under IBC?, Obligations of Sponsor Company in a Debenture Subscription Agreement, Jurisdiction under Section 62 of Code – IFCI Ltd. Vs. Sutanu Sinha & Ors. – Supreme Court

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The amended provision of the CPC as per Section 16 of the Commercial Courts Act, 2015 mandates that the defendant(s) has to file the written statement within 120 days from the date of service of summons, failing which the defendant(s) right to file the written statement will stand forfeited and the Court shall not accept the written statement on record – Anil.M.P Vs. Capital Finserv Ltd. – Kerala High Court

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Despite declaration of Moratorium under Section 14(1)(b), the RP is empowered to conduct sale of unencumbered assets, if he is of the opinion that it is necessary for better realization of the value – Jet Aircraft Maintenance Engineers Welfare Association Vs. Shri Ashish Chhawchharia RP for Jet Airways (India) Ltd. – NCLAT New Delhi

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