Supreme Court Directs Consideration of Depositors’ Claims in DHFL Insolvency: Vinay Kumar Mittal vs. DHFL (2020) LEGAL ISSUE: Whether the claims of fixed deposit holders should be prioritized over other creditors during the insolvency resolution process of a financial service provider. CASE TYPE: Insolvency Law Case Name: Vinay Kumar Mittal & Ors. vs. Dewan Housing […]
Supreme Court clarifies High Court’s jurisdiction over NCLT orders in insolvency cases: Embassy Property Developments Pvt. Ltd. vs. State of Karnataka (2019) LEGAL ISSUE: Whether a High Court can interfere with an order passed by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016 (IBC), when there is a statutory remedy
Supreme Court Halts High Court Auction Amidst Insolvency Proceedings: Anand Rao Korada vs. M/s. Varsha Fabrics (P) Ltd. (2019) LEGAL ISSUE: Whether the High Court can proceed with auctioning the assets of a company when insolvency proceedings have commenced before the National Company Law Tribunal (NCLT). CASE TYPE: Insolvency Law Case Name: Anand Rao Korada
