Updates



Quick updates to help our readers stay up to date on various legal and regulatory developments. It is not intended to be an analysis on the subject, but merely a brief snapshot.

17th Oct, 2019

SEBI holds that proceedings cannot be continued against noticee against whom a liquidation order has been passed without leave of NCLT

  • Corporate and M&A,
  • Corporate Restructuring & Insolvency

The Securities and Exchange Board of India (“SEBI”) in its order dated October 15, 2019 in respect of proceedings against Emgee Cables & Communicat...

15th Oct, 2019

NCLAT stays order of attachment by ED after NCLT has approved a resolution plan under IBC.

  • Corporate Restructuring & Insolvency,
  • Disputes

The conflict between the Insolvency and Bankruptcy Code, 2016 (“IBC”) and the Prevention of Money-Laundering Act, 2002 (“PMLA”) has once again surf...

27th Sep, 2019

Gaurav Hargovindbhai Dave v. ARCIL (Limitation period under IBC)

  • Corporate Restructuring & Insolvency,
  • Disputes

On September 18, 2019, the Supreme Court passed a judgment in the case of Gaurav Hargovindbhai Dave v. Asset Reconstruction Company (India) Limited...

15th May, 2019

National Company Law Tribunal (Second Amendment) Rules, 2019

  • Corporate Restructuring & Insolvency

On May 8, 2019, the Ministry of Corporate Affairs notified the National Company Law Tribunal (Second Amendment) Rules, 2019 (“Amendment Rules”) ame...

15th May, 2019

IBBI - Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendations) Guidelines, 2019

  • Corporate Restructuring & Insolvency

On May 14, 2019, the Insolvency and Bankruptcy Board of India (“IBBI”) issued the Insolvency Professionals to act as Interim Resolution Professiona...

15th May, 2019

IBBI Circular on temporary surrender and revival of professional membership of an Insolvency Professional

  • Corporate Restructuring & Insolvency

On May 2, 2019, the Insolvency and Bankruptcy Board of India issued a circular on the ‘Temporary Surrender and Revival of Professional Membership o...

03rd May, 2019

Trade unions can file IBC petition as operational creditor

  • Corporate Restructuring & Insolvency,
  • Disputes

On April 30, 2019, the Supreme Court of India passed a judgment in the matter of JK Jute Mill Mazdoor Morcha v. Juggilal Kamlapat Jute Mills Compan...

16th Feb, 2019

NCLAT judgment in Ashish Garodia v Impact Event Management & Anr.

  • Corporate Restructuring & Insolvency,
  • Disputes

13th Feb, 2019

Appellare Tribunal PMLA-If property mortgaged with a secured creditor cannot be attached for recovery of government dues, such as PMLA

  • Corporate Restructuring & Insolvency,
  • Disputes

The Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS, PBPT Act, New Delhi, on January 2, 2019 in the case of Punjab National Bank vs The Deputy Dire...

08th Feb, 2019

K. Sashidhar v. Indian Overseas Bank & Ors.

  • Corporate Restructuring & Insolvency,
  • Disputes

On February 5, 2019, the Supreme Court (“SC”) passed its order in the case of K. Sashidhar v. Indian Overseas Bank & Ors. (Civil Appeal No. 10673 o...

29th Jan, 2019

Forech India Ltd. v. Edelweiss Asset Reconstruction Co. Ltd. [Civil Appeal No. 818 of 2018]

  • Corporate Restructuring & Insolvency,
  • Disputes

On January 22, 2019, the Hon’ble Supreme Court of India in the matter of Forech India Ltd. v. Edelweiss Asset Reconstruction Co. Ltd. [Civil Appeal...

18th Jan, 2019

NCLAT on whether initiation of CIRP against Holding Company will preclude initiation of CIRP against Subsidiary Company

  • Corporate Restructuring & Insolvency,
  • Disputes

On January 16, 2019, the Hon’ble National Company Law Appellate Tribunal passed a judgment in the matter of Ashok B. Jiwrajka, Director of Alok Inf...



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