Debts Due News Today

Administrative Tribunals Act, 1985Administrative Tribunals Act 1985 - The relevant State Government has the implied power to issue a request to abolish the SAT in its state to the Union Government....

The Delhi High Court has observed that the issuance of a lookout circular (LOC) cannot be resorted to in every case of bank loan defaults or credit facilities availed for business. “… the Fundamental...

The Madhya Pradesh High Court at Jabalpur recently laid down that the provisions of the Arbitration and Conciliation Act, 1996 (AC Act, 1996) can be invoked by a financial institution in addition to...

The High Court of Bombay has held that the remedy under the SARFAESI Act is not a bar to the arbitration proceedings. It held that both the remedies are for different stages of debt recovery and...

The High Court of Bombay has held that a debt owed to a financial institution covered only under the SARFAESI Act is arbitrable, however, a debt owed to a financial institution to which the...

Citations: 2023 LiveLaw (SC) 737 To 2023 LiveLaw (SC) 843SUBJECT WISE INDEXAbortionNo immediate threat to mothers life; no foetal abnormality : Supreme Court rejects married womans plea to abort...

Citations: 2023 LiveLaw (SC) 800 To 2023 LiveLaw (SC) 821SUBJECT WISE INDEXArbitrationThe Supreme Court explains scope of judicial interference in arbitral awards. Batliboi Environmental Engineers v....

The Supreme Court today dismissed an appeal by Axis Bank Limited(appellant), thereby affirming the condonation of delay in initiating the Corporate Insolvency Resolution Process (CIRP) by the State...

Though the bank said it will auction the actor’s villa in Mumbai’s Juhu on September 25, it withdrew the notice as a case was pending before a magistrate’s court and the actor had approached the bank to settle the dues.

The Supreme Court has ruled that in case of winding up of a company, the customs duty owed by the company would be treated as a preferential payment under Section 530(1) (a) of the Companies Act,...