Tuesday, July 23, 2019
NCLT CHENNAI ADMITTED INSOLVENCY PETITION AGAINST 17 BUILDERS UNDER IBC LAW Posted by Adv. upmanyu kumarJuly 17, 20190 CommentsTags corporate insolvency resolution against the 17 builders, corporate insolvency resolution proceedings under the IBC, financial creditor can file...
Govt clears changes to insolvency law; secured lenders to get preference Resolution gets maximum 330 days including litigation Ruchika Chitravanshi & Ishita Ayan Dutt  |  New Delhi/Kolkata Last Updated at July 18, 2019 02:45...
Cabinet approves amendments to bankruptcy law, allows 330 days for resolution The Union Cabinet approved amendments to the Insolvency and Bankruptcy Code (IBC) to adhere to strict timelines and maximise the value of...
How do the rules of insolvency operate? Were rules of insolvency disrupted by judicial intervention by NCLAT in Essar case? Bar & Bench July 20 2019 by Shardul S...
NCLAT gets it totally wrong on Essar Steel By: The Financial Express | Published: July 16, 2019 3:57:33 AM As legal experts have pointed out, Section 30(2)(b) clearly says that as long as the...
NCLAT Directs NCLT To Decide On The Insolvency Plea Filed By ICICI Bank Against Jaiprakash Associates Last Updated: 15 July 2019Article by Debopriya MukherjeeKhurana and Khurana NCLAT...
Are Receivers Of Goods And Services, Operational Creditors? Last Updated: 24 June 2019Article by Divyata BadianiDhaval Vussonji & Associates Introduction Since 2016, the...
NCLAT rejects Ruia’s bid to block ArcelorMittal; approves bid for Essar Steel with modification By: PTI | Published: July 4, 2019 10:08:00 PM Essar Steel was auctioned under the new Insolvency and Bankruptcy Code...
The NCLAT Monday directed the National Company Law Tribunal to decide the insolvency plea filed by ICICI Bank against Jaiprakash Associates in six weeks. The private sector lender had approached the National Company Law...
India: Is Liquidation Irreversible? Schemes Of Compromise Or Arrangement For Companies In Liquidation Last Updated: 28 June 2019Article by L. Viswanathan, Bharat Vasani and Gaurav GupteCyril Amarchand Mangaldas
Rohit Ferro Tech gets breather to push debt settlement with bankers SBI accounts for around 50 percent of the total debt exposure of financial creditors in the company.
Sebi, IBBI ink pact for effective implementation of securities law, IBC Press Trust of India  |  New Delhi Last Updated at March 19, 2019 19:15 IST Markets regulator Sebi Tuesday said it has inked pact with Insolvency and Bankruptcy Board of India to effectively implement securities laws,...
A Debate Reignited - Whether ‘Interest’ on Delayed Payment Constitutes ‘Debt’ for IBC? Bar & Bench March 18 2019 Priya Agrawal & Rahul Agarwal The National Company Law Tribunal (NCLT) (Kolkata Bench) admitted Eastern Coalfields Ltd. to Corporate Insolvency Resolution Process (CIRP) for default in the payment of interest (Gulf...
NCLT asks directors to seek approval before traveling abroad Varun Marwah February 11 2019 The Mumbai Bench of NCLT has recently asked four directors of Gammon India Ltd. to not leave the country without obtaining its permission. This order was passed by NCLT while a Section 7 filing...
Insolvency proceeding ends after home buyers settles dispute with Parsvnath Landmark Devdiscourse News Desk New Delhi India  Updated: 08-02-2019 16:44 IST Created: 08-02-2019 16:04 IST NCLT had allowed insolvency proceedings against Parsvnath Landmark after three home buyers approached the tribunal complaining about the delay in...
The curious case of the National Company Law Tribunal, Kochi Bar & Bench February 8 2019 FacebookTwitterWhatsAppShare58 Rahul Unnikrishnan On July 27, 2018, the Ministry of Corporate Affairs issued a notification constituting a bench of National Company Law Tribunal (NCLT) at Kochi. This Tribunal was given jurisdiction over matters...
The Viewpoint - Insolvency proceedings barred during the pendency of S.34 petition Bar & Bench January 25 2019 FacebookTwitterWhatsAppShare152 Meghna Mishra and Ankit Rajgarhia Introduction One of the conditions for admission of an application by an operational creditor to initiate insolvency proceedings against a corporate debtor by...
Vishwanath Nair January 25 2019, 5:21 PM January 25 2019, 5:21 PM The Insolvency & Bankruptcy Board of India made a security amount compulsory for bidders to prevent them from backing out after winning stressed assets under the bankruptcy law....
Bank of India has initiated insolvency resolution process under 7 of the Insolvency and Bankruptcy code, 2016 read with rule 4 of the Insolvency and Bankruptcy (Appilcation to adjudicating authority), Rules, 2016. The company is taking appropriate steps and...
Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly note that the first Meeting of Committee of Creditors (COC) was held on January 11, 2019 to discuss inter alia the agenda item...