Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Insolvency and BankruptcyFebruary 14, 2024Case LawsHC
Code of Conduct for the CoC - The Delhi High Court directed the Insolvency and Bankruptcy Board of India (IBBI) to frame or finalize a code of conduct/guidelines for the effective functioning of the Committee of Creditors (CoC) in insolvency resolution processes, without undermining the 'commercial wisdom' of the CoC or the legislative intent of the Insolvency and Bankruptcy Code (IBC). This directive aims to ensure that decision-making by the CoC adheres to principles of reasonableness, fairness, proportionality, and natural justice.
Code of Conduct for the CoC - The Delhi High Court directed the Insolvency and Bankruptcy Board of India (IBBI) to frame or finalize a code of conduct/guidelines for the effective functioning of the Committee of Creditors (CoC) in insolvency resolution processes, without undermining the 'commercial wisdom' of the CoC or the legislative intent of the Insolvency and Bankruptcy Code (IBC). This directive aims to ensure that decision-making by the CoC adheres to principles of reasonableness, fairness, proportionality, and natural justice.
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