2022 crucial decisions by NCLTs and landmark precedents by Supreme Court on inter alia treatment of contingent claims scope and extent of review by NCLTs status of personal guarantors under the Code attachment of assets of the corporate debtor post commencement of CIRP
Documents placed before the IDBI Bank's 'wilful defaulters committee' fail to answer a crucial question: Why wasn't the use of funds better monitored and why were forensic audits not ordered before restructuring loans?
Last week, I wrote about how banks basically accept meaningless personal guarantees from industrialists or their group companies which can never be effectively invoked.
The National Company Law Appellate Tribunal has rejected the settlement offer made by Vallal RCK and upheld the liquidation proceedings of Siva Industries, , supreme court, Siva Industries, NCLAT