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R. K. Singhal vs Department Of Financial Services on 21 February, 2024

R. K. Singhal vs Department Of Financial Services on 21 February, 2024
indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.

New-delhi , Delhi , India , Anandi-ramalingam , Jnanatosh-roy , Baba-gangnath-marg , Munish-raghava , Industrial-development-bank , Central-information-commission , Assets-stabilization-fund , Financial-services , Department-of-financial-services

NCLAT Fortnightly: Important orders on IBC (September 16, 2023 – September 30, 2023)

The article provides a brief look at important orders passed by the NCLAT under the IBC during the period between September 16 and September 30, 2023.

India , Raju-jagtap , D-srinivasa-rao , Central-bank , India-company-appeal-at-insolvency-no , Industries-private , Assets-stabilization-fund-ors , Sick-industrial-companies-special-provisions , Company-appeal-at-insolvency-no , Krystal-stone-exports , Marketing-private , Corporate-insolvency-resolution-process

Balance Sheets Entries Amount To Acknowledgement Of Debt U/s 18 Limitation Act: Supreme Court

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The Supreme Court has held that entries in balance sheets can amount to acknowledgement of debt for the purpose of extending limitation under Section 18 of the Limitation Act.
A bench headed by Justice RF Nariman set aside a judgment of Full Bench of National Company Law Appellate Tribunal in the case
V Padmakumar v Stressed Assets Stabilization Fund which held otherwise.
Issues
The issue raised before the Apex Court bench in appeal was whether an entry made in a balance sheet of a corporate debtor would amount to an acknowledgement of liability under Section 18 of the Limitation Act.? Yet another issue was whether Section 18 of the Limitation Act, which extends the period of limitation depending upon an acknowledgement of debt made in writing and signed by the corporate debtor, is also applicable under Section 238A, given the expression "as far as may be" governing the applicability of the Limitation Act to the IBC? (Second issue, the bench observed that it is settled that Section 18 is applicable)

Calcutta , West-bengal , India , Justice-nariman , Hrishikesh-roy , Ismail-golam-hossain , Supreme-court , Bench-of-national-company-law-appellate-tribunal , V-padmakumarv-stressed-assets-stabilization-fund , Calcutta-high-court , Bengal-silk-mills-co , Apex-court

Insolvency Law In Review - December 2020

Insolvency Law In Review - December 2020
livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.

Mumbai , Maharashtra , India , Hyderabad , Andhra-pradesh , Allahabad , Uttar-pradesh , Ahmedabad , Gujarat , Bengaluru , Karnataka , Kerala

Deepak Kumar Data vs Stresssed Assets Stabilization ... on 21 December, 2020

Deepak Kumar Data vs Stresssed Assets Stabilization ... on 21 December, 2020
indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.

Mumbai , Maharashtra , India , Bandra , Jaipur , Rajasthan , New-delhi , Delhi , Baba-gangnath-marg , R-sitarama-murthy , Meena-chandrasekhar , Rahul-khandelwal