Clean Slate theory – Claims not forming part of an approved Resolution Plan stand extinguished
Ghanashyam Mishra and Sons Private Limited v. Edelweiss Asset Reconstruction Company Limited and Ors., decided by the Supreme Court of India on April 13, 2021 – The Full bench, comprising of Mr. Justice R.F. Nariman, Mr. Justice B.R. Gavai and Mr. Justice Hrishikesh Roy, decided on the following issues: Can any creditor, including the Central […]
Bombay High Court: Proceedings under Section 14 of SARFAESI Act do not require compliance with the principles of natural justice
A Division bench of the Hon’ble Bombay High Court (HC), comprising of Hon’ble Mr. Chief Justice Dipankar Datta and Hon’ble Mr. Justice M.S. Karnik, in their judgment dated 23.03.2022 in CA Manisha Mehta & Ors. v. The Board of Directors of ICICI Bank (represented by its Managing Director) & Ors., held that the language of […]
