Govt appoints Vaibhav Chaturvedi as RBI representative on IBBI board, ET LegalWorld
The government has appointed Vaibhav Chaturvedi as the ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI), according to an official notification. Currently, Chaturvedi is the Chief General Manager of the Reserve Bank of India (RBI). IBBI, established in 2016, under the Insolvency and Bankruptcy Code, 2016, is responsible for the implementation of […]
Removal of women elected representative can’t be treated lightly: SC, ET LegalWorld
Removal of an elected public representative should not be treated lightly, especially when it concerns women belonging to rural areas, the Supreme Court has said as it set aside an order for removal of a woman sarpanch in a Maharashtra village. A bench of Justices Surya Kant and Ujjal Bhuyan termed the matter as a […]
NCLT rejects plea for substitution of legal representative for personal guarantor, ET LegalWorld
Recently, National Law Company Tribunal has rejected an application for substitution of the legal representatives of the deceased Personal Guarantor. The application was filed under Section 95 for initiation of Insolvency Resolution Process against the Personal Guarantor. However, during its pendency, the personal guarantor passed away, and the applicant sought substitution of the legal heirs […]