Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

March 6, 2024

Inclusion of Mortgaged Property in Liquidation Estate Was Right As Applicant Didn’t Comply With Reg. 21A Requirements

Case Details: Phoenix ARC Pvt … Continue reading “Inclusion of Mortgaged Property in Liquidation Estate Was Right As Applicant Didn’t Comply With Reg. 21A Requirements”

Blog, News, Insolvency and Bankruptcy Code

March 6, 2024

NCLT’s Court III Rightfully Appointed RP for Personal Guarantor During Pending CIRP of CD in Court V | NCLAT

Case Details: Bhavesh Harkishandas Mehta … Continue reading “NCLT’s Court III Rightfully Appointed RP for Personal Guarantor During Pending CIRP of CD in Court V | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

March 2, 2024

Unregistered Framework Agreement As Such Can’t Be Looked into as an Evidence for Any Collateral Purpose | NCLT

Case Details: Yes Bank Ltd. … Continue reading “Unregistered Framework Agreement As Such Can’t Be Looked into as an Evidence for Any Collateral Purpose | NCLT”

Blog, News, Insolvency and Bankruptcy Code

March 1, 2024

Foreign lender can’t be treated as a related party under IBC as there was no evidence of its influence on CD’s management

Case Details: ODAT GmbH v. … Continue reading “Foreign lender can’t be treated as a related party under IBC as there was no evidence of its influence on CD’s management”

Blog, News, Insolvency and Bankruptcy Code

February 28, 2024

AA Rightly Rejected Appellant’s Claim Before RP for Consultancy Services As He Couldn’t Substantiate Claims | NCLAT

Case Details: Umesh Kumar v. … Continue reading “AA Rightly Rejected Appellant’s Claim Before RP for Consultancy Services As He Couldn’t Substantiate Claims | NCLAT”

Blog, Advisory, Insolvency and Bankruptcy Code

April 25, 2024

[Analysis] Mediation’s Role in Insolvency Resolution – Insights from the IBBI’s Expert Committee Report

Table of Contents Difference between … Continue reading “[Analysis] Mediation’s Role in Insolvency Resolution – Insights from the IBBI’s Expert Committee Report”

News, Blog, Insolvency and Bankruptcy Code

February 24, 2024

IBBI Prescribes a Format for Withdrawal from ‘Corporate liquidation Account’ for Onward Distribution to Stakeholders

Circular No. IBBI/LIQ/69/2024; Dated: 22.02.2024 … Continue reading “IBBI Prescribes a Format for Withdrawal from ‘Corporate liquidation Account’ for Onward Distribution to Stakeholders”

Blog, News, Insolvency and Bankruptcy Code

February 24, 2024

IBBI Requires Liquidator to Share Progress Reports with Members of the Stakeholders’ Consultation Committee

Circular No. IBBI/LIQ/70/2024; Dated: 22.02.2024 … Continue reading “IBBI Requires Liquidator to Share Progress Reports with Members of the Stakeholders’ Consultation Committee”

Blog, News, Insolvency and Bankruptcy Code

February 23, 2024

NCLT Rightly Initiated CIRP as CD Failed to Pay for Completed Work, Despite Verified Bills | NCLAT

Case Details: Ashok Singh v. … Continue reading “NCLT Rightly Initiated CIRP as CD Failed to Pay for Completed Work, Despite Verified Bills | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

February 22, 2024

Sec. 10A Bars Operational Creditor’s Plea u/s 9 for Defaults Post 25-3-2020, NCLAT’s Order was to be Upheld | SC

Case Details: AL Sadiq Sweets … Continue reading “Sec. 10A Bars Operational Creditor’s Plea u/s 9 for Defaults Post 25-3-2020, NCLAT’s Order was to be Upheld | SC”