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FINANCIAL CREDITORS PRIORITY
IBC study calls for auction reform to boost MSME insolvency resolutionA new study suggests changes to how bankrupt micro, small, and medium enterprises are rescued. It proposes a single objective auction model...08 Apr, 2026, 12.45 AM IST- Banks take backseat: Bombay High Court upholds PMLA supremacy in asset recoveryBanks in India face a significant ruling from the Bombay High Court. The court declared that anti-money laundering laws take precedence ove...30 Mar, 2026, 05.58 PM IST
- SBI seeks review of SC ruling denying secured creditors priority over attached assetsThe State Bank of India has filed a review petition against the Supreme Court’s May 15 ruling, which held that secured creditors cannot cla...15 Jul, 2025, 09.58 PM IST
- Financial creditor claims should have primacy: RBI Guv Shaktikanta Das"It has to be recognised that the financial creditors take the maximum risk and hence their risk needs to be commensurately compensated and...12 Jan, 2024, 12.33 AM IST
- In setback for lenders, Supreme Court dismisses pleas over govt dues under IBCIn a setback for creditors, including State Bank of India and Indian Overseas Bank, the Supreme Court dismissed their petitions seeking a r...31 Oct, 2023, 10.24 PM IST
- SC rejects pleas seeking review of its judgment considering tax authorities as secured creditorsIndia's top court has rejected pleas which sought a review of its earlier judgment in which it said that statutory creditors like tax autho...31 Oct, 2023, 11.02 AM IST
- Banks seek review of SC order tagging statutory creditors as 'Secured' onesIn its September 6 order, the top court ruled that any insolvency resolution plan, approved by the financial creditors by ignoring the stat...02 Feb, 2023, 11.53 PM IST
- IBC: There's a need to bring necessary balance in the CoC’s compositionIn the overall IBC scheme of insolvency resolution, the CoC has a pivotal role. The robustness of the resolution plan hinges upon the integ...30 May, 2022, 12.21 AM IST
- View: It's time for a green insolvency and bankruptcy codeEnvironmental matters in a post-Covid world are at a centre stage. The EU’s long-term budget, coupled with NextGenerationEU, will be the la...09 Jul, 2021, 02.13 PM IST
- IBC proceeds formula may be reworked to avoid squabbles, legal delaysDistribution of resolution booty has been a key factor behind extended litigation, delaying major cases.13 Nov, 2019, 12.16 PM IST
- L&T terms Bhushan's resolution plan as discriminatory against operational creditorsL&T claimed it to be an "operational secured creditor" of Bhushan Steel as it has also contributed into the company by providing plants and...09 Apr, 2018, 08.18 PM IST
- SMEs' claims may get higher priority in liquidation casesThis comes after representations that small and medium enterprises (SMEs), which are suppliers of goods or services to a defaulting company...12 Dec, 2017, 09.13 AM IST
- Workers' provident fund dues to get priority under company liquidationSC has ruled that workers' provident fund dues would get priority over payments to secured creditors when a company is liquidated14 Nov, 2011, 05.40 AM IST
- The final word on secured lendingEffect of SC judgment is that claims of the state govt for arrears of sales tax and other taxes, if given statutory first charge over prope...18 Mar, 2009, 03.35 AM IST
- Secured loans will have priority over excise dues: SCThe Supreme Court has held that secured creditors like the state financial corporations have the first right to recover outstanding loan du...08 Jan, 2009, 04.49 PM IST
- SC to decide priority over division of debtor's assetsThe Supreme Court will decide whether recovery of government dues, including income tax and excise, should get priority over liabilities of...25 Nov, 2007, 12.07 PM IST
- Who gets the first right over dues?The Supreme Court has decided to examine the central excise department’s plea seeking its direction over precedence of its claim over secur...12 Sep, 2007, 01.03 AM IST
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