Blogs And Articles

By the team of Prime Legal
Holder of Cumulative Redeemable Preference Shares is an Investor not Creditor : Supreme Court rules
Holder of Cumulative Redeemable Preference Shares is an Investor not Creditor : Supreme Court rules
October 30, 2025by Primelegal Team

Facts Previously, Essar Projects India was the name of the appellant, EPC Constructions India Limited, or simply “EPCC.”LTD. On Decembe

Why NCLT President Cannot Change the Jurisdiction Arbitrarily clarifies Gujrat HC
Why NCLT President Cannot Change the Jurisdiction Arbitrarily clarifies Gujrat HC
October 25, 2025by Primelegal Team

Introduction The Gujarat High Court has clarified the scope of administrative powers vested in the President of the National Company Law Tribunal (

Not necessary for a company to have permanent presence in India to get Tax benefits: SC
Not necessary for a company to have permanent presence in India to get Tax benefits: SC
October 18, 2025by Primelegal Team

Facts The recent judgment of the court came in against the earlier judgments passed by the High Court of Uttarakhand in Income Tax Appeal Nos. 49 o

Supreme Court Sets IBC Precedent: Speculative Debt Acquisition to Manipulate Insolvency Proceedings Prohibited
Supreme Court Sets IBC Precedent: Speculative Debt Acquisition to Manipulate Insolvency Proceedings Prohibited
October 17, 2025by Primelegal Team

Introduction The Supreme Court recently held that speculative investors cannot invoke insolvency proceedings against borrowers under Section 7 of t

Non-Arbitrability of Post-Resolution Claims under the Insolvency and Bankruptcy Code (IBC): The Clean Slate Principle
Non-Arbitrability of Post-Resolution Claims under the Insolvency and Bankruptcy Code (IBC): The Clean Slate Principle
October 6, 2025by Primelegal Team

FACTS The Government of India executed a Production Sharing Contract (PSC) with MIEL (Petitioner in this case), GAIL, the Respondent, and others. T

The Role of Independent Directors in Strengthening Corporate Governance in India
The Role of Independent Directors in Strengthening Corporate Governance in India
October 4, 2025by Primelegal Team

ABSTRACT  Independent directors are outside members in a company’s board who are not linked to the company or its owners in any personal or mone

Madras High Court | NCLT Must Prove Disciplinary Grounds before Rejecting IRP
Madras High Court | NCLT Must Prove Disciplinary Grounds before Rejecting IRP
October 3, 2025by Primelegal Team

Introduction  The Madras High Court recently set aside an order passed by the National Company Law tribunal whereby, the recommended Interim Resol

NCLT GREENLIGHTS STAR–JIO MERGER: A LANDMARK IN INDIA’S MEDIA CONSOLIDATION
NCLT GREENLIGHTS STAR–JIO MERGER: A LANDMARK IN INDIA’S MEDIA CONSOLIDATION
October 3, 2025by Primelegal Team

INTRODUCTION The National Company Law Tribunal (NCLT) has ratified the much-anticipated merger of Star India with Jio’s media and entertainment a

When Does the Creditors Committee Actually Lose Power? Supreme Court’s Critical IBC Timeline Revealed
When Does the Creditors Committee Actually Lose Power? Supreme Court’s Critical IBC Timeline Revealed
September 30, 2025by Primelegal Team

INTRODUCTION The relevance and equity of the judgments made in a corporate insolvency resolution process (CIRP) turned into a debate issue since th

RAJENDRAN V. KPK OILS: A CRITICAL EXAMINATION OF CORPORATE AND CIVIL LIABILITY
RAJENDRAN V. KPK OILS: A CRITICAL EXAMINATION OF CORPORATE AND CIVIL LIABILITY
September 24, 2025by Primelegal Team

FACTS On January 6, 2016, the Original Borrowers (respondents 1 to 4), who had secured a cash credit facility of ₹5 crore and a term loan of ₹3