The Insolvency and Bankruptcy Code, 2016 (IBC) has set a mandatory threshold limit for the initiation of the Corporate Insolvency Resolution Process (CIRP) under Section 9. An Operational Creditor can approach the National Company Law Tribunal (NCLT) only if the minimum default amount meets or exceeds INR 1 Crore, as per Section 4 of the […]
In the case of Saranga Anilkumar Aggarwal vs. Bhavesh Dhirajlal Sheth & Ors. (Civil Appeal No. 4048 of 2024), the Supreme Court adjudicated upon whether execution proceedings under Section 27 of the Consumer Protection Act, 1986 (CP Act), could be stayed during an interim moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016
The Karnataka High Court recently ruled on the jurisdiction of Commercial Courts in cases involving Share Purchase Agreements (SPA). In Bhaskar Naidu v. Aravind Yadav 2025 KHC 3634, a petition under Article 227 of the Constitution of India was filed challenging an order passed by the LXXXIII Additional City Civil and Sessions Judge, Bengaluru. The
