Challenge Your Advocacy Skills at the 7th Arun Jaitley International Insolvency Moot

Registration Open: 7th Arun Jaitley International Insolvency and Bankruptcy Moot Court Competition

Hosted by National Law University Delhi (NLU Delhi)

NLU Delhi, a leading institution in legal education in India, is thrilled to announce the 7th edition of the Arun Jaitley International Insolvency and Bankruptcy Moot Court Competition (AJIIBMC). This prestigious event, organized by the Centre for Transnational Commercial Law (CTCL), is supported by the Insolvency and Bankruptcy Board of India (IBBI), the UNCITRAL Regional Centre for Asia and the Pacific (RCAP), INSOL India, and the Insolvency Law Academy.

Event Overview

The AJIIBMC is a premier moot court competition focusing on insolvency and bankruptcy law. It offers law students a unique platform to explore complex insolvency issues, enhance their advocacy skills, and interact with experts in the field. This year’s competition continues our tradition of excellence and invites law students from across India to participate.

Competition Theme

The theme for this edition is “Corporate Insolvency, including Cross-Border Insolvency,” challenging participants to tackle intricate corporate insolvency issues with a special emphasis on cross-border cases.

Eligibility

The competition is open to law students enrolled in either a 5-year integrated law course or a 3-year LLB program.

Registration Process

To register, universities should complete the Google form linked below and email the filled form to insolvency@nludelhi.ac.in. The subject line of the email should be “Registration form of [Name of the University].”

Registration Fee

The fee for registration is ₹5000. Payments can be made through the provided link. After completing the payment, please send the payment confirmation to insolvency@nludelhi.ac.in.

Key Dates

  • Registration and Fee Payment Deadline: September 5th, 2024
  • Memorial Submission Deadline: September 11th, 2024
  • Competition Dates: September 27th-29th, 2024

Awards

  • Winners and Runners-up: Awards and opportunities from our partners.
  • Best Speaker (Advanced Rounds): Special recognition.
  • Best Speaker (Preliminary Rounds): Special recognition.
  • Best Written Submissions: Special recognition.

Contact Information

For further details, please reach out via the following:

We look forward to your participation and wish you the best of luck in the competition!

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Mortgage without statutory consent invalid: Delhi Development Authority vs Corporation Bank

The Supreme Court held that a mortgage of leasehold property executed without the prior written consent of the competent authority, as required under the lease deed, is illegal and unenforceable, and any subsequent actions based on such mortgage, including sale or auction, are invalid. In a bench comprising Justices Sanjay Kumar and Alok Aradhe, quashed the e-auction of a plot allotted by the Delhi Development Authority (DDA) in Delhi Development Authority vs Corporation Bank on September 25, 2025.

The Court determined that the club mortgaged the site to Corporation Bank without the Lieutenant Governor of Delhi’s prior written authorization, rendering the mortgage unconstitutional. As a result, the Bank’s following auction was unlawful since it violated the lease deed’s stipulations as well as legislative prohibitions.

The Court underlined that the DDA’s statutory rights over the property remained intact, including the opportunity to recover unearned increase and preemptive purchase rights. The DDA’s earlier writ petition, which was dropped in response to the Bank’s undertaking, did not preclude it from challenging the auction, which violated lease restrictions.

The Court further stated that the auction purchaser behaved in good faith and was free of any misconduct. Upholding the concept of restitution, it directed the Bank to restore the auction profits to the purchaser with interest at 9% per year, ensuring that no party was unfairly enriched at the expense of an innocent third party.

As a result, the e-auction notice, auction, and sale confirmation were cancelled, and the Bank was ordered to comply with the refund order within one month.

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