Legal Entity Archives

Case Briefs Tribunals/Commissions/Regulatory Bodies

‘Merely shared management not enough to establish liability’; NCLAT finds claims against Corporate Debtor untenable

The NCLAT warned against manipulating the IBC for debt recovery purposes, as it would defeat the code’s purpose of rehabilitating Corporate Debtors.

Case Briefs High Courts

Mother Nature is a living being having legal entity? Madras HC answers

Madras High Court: Stating that the past generations have handed over the ‘Mother Earth’ to us in its pristine glory, S. Srimathy,

Legislation Updates Notifications

RBI introduces Legal Entity Identifier for Cross-border Transactions

The Reserve Bank of India has introduced legal entity identifier for cross-border transactions vide notification dated December 10, 2021. Key highlights:

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCLT | Petitioner failed to establish a contractual relationship with the corporate Debtor; Tribunal dismisses application

National Company Law Tribunal (NCLT): A Division Bench of Chandra Bhan Singh (Technical Member) and Suchitra Kanuparthi (Judicial Member) dismissed an application

Case Briefs High Courts

P&H HC | “Live and let live”, concludes the Court; Animals acknowledged as legal entity; New beginning for welfare laws against animals

Punjab and Haryana High Court: Rajiv Sharma, J. allowed a revision petition against the order of the Additional Session Judge whereby the