Tag: Indian Overseas Bank

NCLAT rules personal guarantors remain liable despite corporate resolution plan approval under IBC.

Team Law Notify Commissions, Forums & Tribunals May 13, 2026

NCLAT _ National Company Law Appellate Tribunal _ LawNotify

May 12, 2026 : The National Company Law Appellate Tribunal (NCLAT) has upheld insolvency proceedings against personal guarantors Amit Bhatnagar and Sumit Bhatnagar in connection with the debts of Diamond Power Transformers Ltd. (DPTL), ruling that approval of a resolution Read more…

DRAT Kolkata: Mortgage Cannot Survive If Underlying Sale Deed Is Declared Void; SARFAESI Action Set Aside

Team Law Notify Commissions, Forums & Tribunals March 19, 2026

March 18, 2026 : The Debts Recovery Appellate Tribunal (DRAT), Kolkata has held that a mortgage created on the basis of a sale deed that is subsequently declared null and void cannot be enforced, and any SARFAESI action founded on Read more…