News Update… Supreme Court Clarifies: DRT Recovery Certificate Not Equivalent to Decree for Issuing Insolvency Notice Under Presidency Towns Insolvency Act 13 Jul 2026 The Supreme Court has held that a recovery certificate issued by a Debts Recovery Tribunal (DRT) under the Recovery of Debts and Bankruptcy Act, 1993 (pre-2016 amendment) cannot form the…
News Update… Supreme Court Quashes Advocate’s Inclusion in IBA Caution List – Limits List to Fraud Cases; Reinforces Bar Councils’ Exclusive Disciplinary Role 7 Jul 20267 Jul 2026 The Supreme Court allowed the appeal of advocate Ajay Vijh and directed immediate removal of his name from the Indian Banks’ Association (IBA) Caution List. Background Ajay Vijh, a panel…
News Update… Supreme Court Holds That Authorized Signatory Made Front Face of Entity Becomes Drawer of Cheque Under Section 138 NI Act 7 Jun 20267 Jun 2026 The Supreme Court has observed that when the company authorizes a particular individual to sign, issue cheques on the company's behalf, including the responsibility of making a payment, then such…
