Thursday, July 2, 2020
NCLAT says the 14-day timeline for rejecting or admitting a case under Insolvency and Bankruptcy Code a directive, meaning courts do not have to necessarily adhere to it A recent National Company Law Appellate Tribunal (NCLAT) ruling on the Insolvency...
  The recent judgment of the National Company Law Tribunal (‘NCLAT’) in Kirusa Software Private Ltd. v. Mobilox Innovations Private Ltd. has been welcomed for having provided an authoritative pronouncement on the meaning of the terms ‘dispute’ and ‘existence...
Edelweiss claims insolvency resolution plan is based on sham deal Sekhar Movva, president at Synergies Dooray Automotive. Mumbai: The first insolvency resolution under the Insolvency and Bankruptcy Code (IBC) is set to be challenged at the appellate tribunal because it has been alleged...
Wilful defaulters and borrowers with NPAs for a year or more cannot bid An ordinance amending the Insolvency and Bankruptcy Code (IBC) has practically barred promoters of companies undergoing the resolution process from bidding for their own companies when they...
February 12, 2018 UPDATED 15:55 IST  New Delhi, Feb 12 (PTI) IDBI Bank has decided to withdraw the nomination of S K Mohapatra from the board of debt-ridden Jaiprakash Associates. In a BSE filing, crisis-hit Jaiprakash Associates informed that Subrat...
Under the Insolvency and Bankruptcy Code (IBC), CoC and Resolution Professional (RP) have to complete the Corporate Insolvency Resolution Process (CIRP) in 180 days. PTI@moneycontrolcom ES01   NSELIVE Volume Todays L/H  More  Lenders to Essar Steel on Thursday urged the NCLAT to complete its insolvency resolution...
http://egazette.nic.in/WriteReadData/2019/214957.pdf    
Banking stocks fall after RBI directed banks to keep higher provisions against all cases referred for bankruptcy proceedings Mumbai: Banking stocks fell on Tuesday as investors were concerned over a news report which said that the Reserve Bank of India...
Last Updated: 30 August 2017 Article by Singh & Associates Introduction The Insolvency and Bankruptcy Code 2016 (hereinafter referred to as 'Code') attempts to consolidate the laws for insolvency resolution of corporate persons in a time bound manner. Under Part II of...
Bar & Bench December 1, 2017 Columns, Law & Policy Columns   By Sakal Bhushan For invoking insolvency proceedings against a corporate debtor, an operational creditor is required to issue a notice of demand under Section 8(1)...
Capital Market  Last Updated at March 14, 2018 10:04 IST Ministry vide its circular no. IBC/01/2017 dated 25.10.2017 clarified that Section 30 and 31 of the Code provide a detailed procedure from the time of receipt of resolution plan 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....
NCLT Extends Limitation Period From March 15 Till Further Orders LIVELAW NEWS NETWORK 25 March 2020 12:03 PM The National Company Law Tribunal has issued a notice intimating all the litigants that the extension of limitation period granted by the Supreme...
The National Company Law Appellate Tribunal (NCLAT) has decided upon the meaning of the terms “dispute” and “existence of dispute” under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The ruling was made on May 24, in the...
The Insolvency Resolution Profession (IRP) has prepared FAQs to answer questions being commonly asked by Jaypee Infratech homebuyers on emails/phone. noida Updated: Aug 19, 2017 13:45 IST HT Correspondent Hindustan Times, New Delhi Jaypee incompleted projects in Noida. (Sunil Ghosh/HT Photo)   Amid confusion and anxiety among...
Practice of promoters to bid in bankruptcy or insolvency cases is prevalent in developing countries Mumbai, October 25:   As insolvency proceedings at some of 12 stressed accounts identified by the RBI earlier this year are moving forward, key question...
Calcutta: Paint maker Jenson and Nicholson (India) Limited is heading for liquidation after failing to firm up a resolution plan for a turnaround. The committee of creditors in a meeting on Monday has unanimously decided to liquidate the company, which...
Changes to the IBBI regulations were necessitated after the govt issued an ordinance last month amending the IBC. By: FE Bureau | New Delhi | Published: July 5, 2018 4:59 AM The regulator put in place time frames to be adopted by...
Jet Airways CIRP : Need To Adopt UNCITRAL Model Law On Cross Border Insolvency BY: ANIMESH UPADHYAY1 Nov 2019 11:42 AM Jet Airways Case: Background The need...
The National Company Law Tribunal (NCLT), Kolkata Bench, has in its recent ruling in the case of Parker Hannifin India Private Limited v/s Prowess International Private Limited, ruled on the aspect of withdrawal of insolvency petition based on a...