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Timeline For Filing Bankruptcy Application Under IBC Is Directory, Not Mandatory: NCLT Kochi
The NCLT, Kochi Bench, comprising Vinay Goel (Member-Judicial) and Madhu Sinha (Member-Technical), has held that the three-month period for filing bankruptcy applications against personal guarantors under Section 121(2) IBC, 2016, is directory and not mandatory. Kerala Financial Corporation filed the application under section 123 of the IBC, 2016, seeking bankruptcy proceedings...
P&H High Court Rejects Ex-CM's Plea To Halt Manesar Land Scam Trial, Says Stay For Co-Accused No Grounds To Stall Proceedings
The Punjab and Haryana High Court has dismissed a plea filed by former Haryana Chief Minister Bhupinder Singh Hooda seeking to halt trial proceedings in the Manesar land scam case, observing that the stay granted by the Supreme Court to some co-accused cannot be a ground to stall the trial against him.Justice Tribhuvan Dahiya said, "In case the SLPs against the co-accused are to be...
NCLT Mumbai Rejects Financial Creditor's Plea To Revise Vote On Reliance Broadcast Resolution Plan
The National Company Law Tribunal (NCLT) at Mumbai on Thursday rejected an application by Authum Investment and Infrastructure Limited (which acquired the claim from Reliance Commercial Finance Limited) to revise its vote from No to Yes on the approved resolution plan for Reliance Broadcast Network Limited.A coram of Judicial Member Mohan Prasad Tiwari and Technical Member Charanjeet...
Supreme Court Issues Notice On Plea Seeking One-Third Reservation For Women In State Bar Councils
The Supreme Court on Friday issued notice on a plea filed by advocate Shehla Chaudhary seeking reservation of one-third of seats for women in all State Bar Councils across India, including at least one office-bearer post on a rotational basis.“In the Constitution of India, the principle of gender equality has been enshrined in its preamble, fundamental rights, fundamental duties and...
Punjab & Haryana High Court Sets Aside 'Cryptic & Non-Speaking' Order Removing Punjab's Municipal Council President
The Punjab and Haryana High Court has set aside the Punjab Government's order removing the President of Nagar Council, Samana, under Section 22 of the Punjab Municipal Act, 1911, holding that the order was “totally cryptic and non-speaking.” The Court has remanded the matter back to the State to freshly determine whether the meeting in which the no-confidence motion was passed against...
Supreme Court Prohibits Use Of 'Split Multiplier' In Motor Accident Claims, Holds That Income At Time Of Death Must Be Considered
The Supreme Court has delivered a significant ruling on the computation of compensation in motor accident claim cases, holding that the 'split multiplier' method should not be applied. The Court clarified that compensation must be calculated solely on the basis of the deceased's income at the time of death. “we hold that the income as on the date of death is to be taken to calculate...
Interim Finance Is Financial Debt Requiring 66% CoC Approval; NCLT Cannot Direct Contribution Without Such Approval: NCLT Mumbai
The National Company Law Tribunal (NCLT), Mumbai Bench, has recently held that the interim finance constitutes financial debt under the provisions of the IBC, 2016, and can only be raised with the approval of at least 66% of the Committee of Creditors (CoC). The tribunal held that “the term contribution is not defined in the code; hence, the contribution is nothing else but...
Senior Associate (Company Secretary) Vacancy At IFCI Limited
IFCI Limited invites application for the post of Senior Associate (Company Secretary).Name of the Post: Senior Associate (Company Secretary) No. of Post: 01 (One) Age Limit: 35 Years Essential Qualification and Experience • Qualified CS from the Institute of Company Secretaries of India. Additional qualifications, such as Bachelor of Legislative Law (LL.B.) would be an added advantage. • The candidate should have a minimum of 02 years' of post qualification experience in...
2025 LiveLaw (SC) 1072 | IN RE : 'CITY HOUNDED BY STRAYS, KIDS PAY PRICE' (November 2025 Order)
Click the links below to read the reports :'Alarming Rise In Dog Bite Cases' : Supreme Court Orders Removal Of Stray Dogs From Premises Of Schools, Hospitals, Bus Stands EtcSupreme Court Orders Removal Of All Stray Animals From Highways Across India; Directs Their Relocation To Shelters'Persistence Of Stray Dogs Imperils Public Safety' : Supreme Court Flags "Dog Bite Menace", Says Children...