New Alert (May-I)

Whether the date of default can be changed by the financial creditor? Brief facts of the case In the present case, Mr. Ramdas Dutta (“Appellant”), Suspended Director of Saraju Flour Mills Private Limited (“Corporate Debtor”), filed an appeal before the National Company Law Appellate Tribunal, New Delhi Bench (“NCLAT”) challenging the Order dated 26.08.2022 passed […]

ZEUS News Alert

Whether explanation of Section 14(1) (d) of the Insolvency and Bankruptcy Code, 2016 is applicable on lease rent and lease premium amount? The question of law came in an appeal before the Hon’ble National Company Law Appellate Tribunal (“NCLAT”) wherein an Application filed by the New Okhla Industrial Development Authority (“NOIDA”) under Section 60(5) of […]

ZEUS News Alert

What constitutes a fraudulent transaction under Section 66 of the Insolvency and Bankruptcy Code, 2016? Brief Facts: An application was filed by the liquidator of a Corporate Debtor before the National Company Law Tribunal, Chennai (“NCLT”) praying that an entry of Rs. 21.37 Crore in the financial statements of FY 2018 be declared fraudulent and […]

ZEUS News Alert July 2022

Rare Township Private Limited Vs. IIRF India Realty VIII Ltd.   The Hon’ble MahaRERA (Maharashtra Real Estate Regulatory Authority, Mumbai) recently passed an order in the case of Rare Township Pvt. Ltd. (‘Complainant’) v. IIRF Indian Realty VIII Ltd. (‘Respondent’) [Complaint No. CC006000000220888, decided on 30-06-2022], wherein MahaRERA, while dealing with an issue ‘as to […]