Personal guarantor insolvency jurisdiction follows the corporate debtor's CIRP Bench, enabling inter-territorial transfer and preventing parallel proc...
Section 47-A undervaluation threshold: fraudulent intent requirement faces reconsideration after referral to a larger Bench for authoritative resoluti...
RBI supersession powers over multi-State co-operative banks operate independently of the constitutional six-month ceiling and permit statutory extensi...
Section 238 of the Insolvency and Bankruptcy Code gives the Code overriding effect over the Electricity Act, 2003, despite non-obstante clauses in that Act. An approved resolution plan extinguishes the corporate debtor's liabilities and pending debt-related proceedings arising before commencement of the corporate insolvency resolution process. Pre-CIRP demands for Parallel Operation Charges consequently stand extinguished where they fall within liabilities resolved under the approved plan, and the related appellate determination was sustained.
Section 238 of the Insolvency and Bankruptcy Code gives the Code overriding effect over the Electricity Act, 2003, despite non-obstante clauses in that Act. An approved resolution plan extinguishes the corporate debtor's liabilities and pending debt-related proceedings arising before commencement of the corporate insolvency resolution process. Pre-CIRP demands for Parallel Operation Charges consequently stand extinguished where they fall within liabilities resolved under the approved plan, and the related appellate determination was sustained.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4886 
