SC to hear mosque committee’s plea on Jan 15, ET LegalWorld
The Supreme Court would on January 15 hear a plea of the mosque management committee against an order rejecting its petition in the Krishna Janmabhoomi-Shahi Idgah dispute in Mathura, UP. A single judge bench of the Allahabad High Court on August 1, last year, rejected the plea of the Committee of Management, Trust Shahi Masjid […]
RBI’s Rao urges better oversight for creditors’ committees, ET LegalWorld
Reserve Bank Deputy Governor M Rajeshwar Rao on Saturday pitched for an enforceable code of conduct for the Committee of Creditors (CoC) under the insolvency resolution process. While emphasising that the Insolvency and Bankruptcy Code (IBC), which was introduced in 2016, has gained significant traction as a recovery and resolution mechanism, Rao also said significant […]
IBBI proposes mandatory monitoring committees for resolution plans, ET LegalWorld
The Insolvency and Bankruptcy Board of India (IBBI) has proposed monitoring committees for implementing resolution plans under the Insolvency and Bankruptcy Code (IBC) rules. These changes seek to address challenges in implementing resolution plans and bolster confidence in the insolvency resolution process. The move came after a Supreme Court judgement emphasising statutory recognition for such […]
AAP moves SC against MCD standing committee’s recent election, ET LegalWorld
The Aam Aadmi Party has approached the Supreme Court challenging the election held for a member of the Municipal Corporation of Delhi’s standing committee. The move came after Delhi Chief Minister Atishi accused the BJP of “murdering” democracy and claimed that the election held on September 27 was “illegal and unconstitutional”. The BJP won the […]