Insolvency and Bankruptcy Code

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”

News, Blog, Insolvency and Bankruptcy Code

February 21, 2024

CIRP Plea Against Respondent Was to Be Admitted as CD’s Balance Sheet Showed Defaults in Short-Term Borrowings | NCLT

Case Details: IDBI Bank v. … Continue reading “CIRP Plea Against Respondent Was to Be Admitted as CD’s Balance Sheet Showed Defaults in Short-Term Borrowings | NCLT”

Blog, News, Insolvency and Bankruptcy Code

February 21, 2024

SC Allows Exclusion of COVID-19 Period in Lease Default Case – Petition Wasn’t Barred by Limitation

Case Details: Thakral Computers (P.) … Continue reading “SC Allows Exclusion of COVID-19 Period in Lease Default Case – Petition Wasn’t Barred by Limitation”

Blog, News, Insolvency and Bankruptcy Code

February 18, 2024

IBBI Amends Insolvency Process for Corporate Persons Norms | Mandates Opening of a Separate Bank Account By IRP/RP

Notification No. IBBI/2023-24/GN/REG113 dated: 15.02.2024 … Continue reading “IBBI Amends Insolvency Process for Corporate Persons Norms | Mandates Opening of a Separate Bank Account By IRP/RP”

Blog, News, Insolvency and Bankruptcy Code

February 18, 2024

IBBI Releases Report on Framework for Use of Mediation Under the IBC, 2016

Report Dated 31.01.2024 An expert … Continue reading “IBBI Releases Report on Framework for Use of Mediation Under the IBC, 2016”

Blog, News, Insolvency and Bankruptcy Code

February 16, 2024

Correctness of Acknowledgement Regarding Limitation Period Can Be Objected to By CD & Not By Unsecured Creditor | SC

Case Details: Axis Bank Ltd. … Continue reading “Correctness of Acknowledgement Regarding Limitation Period Can Be Objected to By CD & Not By Unsecured Creditor | SC”

News, Blog, Insolvency and Bankruptcy Code

February 16, 2024

NCLT Has Power u/s 65 to Close CIRP & Issue Consequential Orders | Sec. 7 Plea Admission Doesn’t Alter Its Authority

Case Details: Ashmeet Singh Bhatia … Continue reading “NCLT Has Power u/s 65 to Close CIRP & Issue Consequential Orders | Sec. 7 Plea Admission Doesn’t Alter Its Authority”

Blog, Advisory, Insolvency and Bankruptcy Code

April 25, 2024

[Analysis] Key Amendments to IBBI Liquidation Process Regulations

Table of Contents Conditional Filing … Continue reading “[Analysis] Key Amendments to IBBI Liquidation Process Regulations”

News, Blog, Insolvency and Bankruptcy Code

February 16, 2024

IBBI Prescribes Format for Releasing Funds from Corporate Voluntary Liquidation Account by Liquidator

Circular No. IBBI/LIQ/68/2024, Dated 13.02.2024 … Continue reading “IBBI Prescribes Format for Releasing Funds from Corporate Voluntary Liquidation Account by Liquidator”

Blog, News, Insolvency and Bankruptcy Code

February 16, 2024

IBBI Issues Directions w.r.t Reporting/Sharing of Information in the Voluntary Liquidation Process of FSPs

IBBI Circular No. IBBI/LIQ/67/2024 dated … Continue reading “IBBI Issues Directions w.r.t Reporting/Sharing of Information in the Voluntary Liquidation Process of FSPs”