Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

September 29, 2023

IBBI Clarifies With Regard to the Term “Amount Realised” for the Purpose of Calculation of Liquidator’s Fees

Circular No. IBBI/LIQ/61/2023, Dated: 28.09.2023 … Continue reading “IBBI Clarifies With Regard to the Term “Amount Realised” for the Purpose of Calculation of Liquidator’s Fees”

News, Blog, Insolvency and Bankruptcy Code

September 27, 2023

NCLAT Has the Inherent Power to Recall Its Judgment Under Rule 11 of NCLAT Rules, 2016 | SC

Case Details: Union Bank of … Continue reading “NCLAT Has the Inherent Power to Recall Its Judgment Under Rule 11 of NCLAT Rules, 2016 | SC”

Blog, News, Insolvency and Bankruptcy Code

September 26, 2023

Orders u/s 12A and CIRP Plea u/s 7 Was to be Set Aside as Withdrawal of Sec. 9 Plea Was Detrimental to the Interest of Creditors | NCLAT

Case Details: Sintex Plastics Technology … Continue reading “Orders u/s 12A and CIRP Plea u/s 7 Was to be Set Aside as Withdrawal of Sec. 9 Plea Was Detrimental to the Interest of Creditors | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

September 26, 2023

NCLAT Upheld Section 9 Plea as Corporate Debtor Delayed Payments and Had Acknowledged Outstanding Debt to Operational Creditor

Case Details: Nandamuri Meenalatha v. … Continue reading “NCLAT Upheld Section 9 Plea as Corporate Debtor Delayed Payments and Had Acknowledged Outstanding Debt to Operational Creditor”

Blog, News, Insolvency and Bankruptcy Code

September 25, 2023

CIRP Plea Filed by 2 Allottees Was to be Quashed as Joint Plea u/s 7 Requires At Least 100 Alottees or 10% of Allottees

Case Details: Ms. Rita Malhotra … Continue reading “CIRP Plea Filed by 2 Allottees Was to be Quashed as Joint Plea u/s 7 Requires At Least 100 Alottees or 10% of Allottees”

Blog, News, Insolvency and Bankruptcy Code

September 21, 2023

Applicants for Insolvency Professional Activities Will Now Receive Their Registration Certificates Within 30 Days | IBBI

Notification No. IBBI/2023-24/GN/REG104, Dated: 18.09.2023 … Continue reading “Applicants for Insolvency Professional Activities Will Now Receive Their Registration Certificates Within 30 Days | IBBI”

News, Blog, Insolvency and Bankruptcy Code

September 20, 2023

IBBI Mandates Operational and Financial Creditor to Submit Chronology of Debt & Default Along With Evidence

Notification No. IBBI/2023-24/GN/REG106, Dated: 18.09.2023 … Continue reading “IBBI Mandates Operational and Financial Creditor to Submit Chronology of Debt & Default Along With Evidence”

Blog, News, Insolvency and Bankruptcy Code

September 20, 2023

Acceptance of the Application by IPAs Must be Communicated to the Applicant Within 60 Days | IBBI

Notification No. IBBI/2023-24/GN/REG105, Dated: 18.09.2023 … Continue reading “Acceptance of the Application by IPAs Must be Communicated to the Applicant Within 60 Days | IBBI”

Blog, News, Insolvency and Bankruptcy Code

September 20, 2023

IBC Doesn’t Mandate Higher Resolution Plan Value in Comparison to Liquidation Value | NCLAT

Case Details: Manesh Agarwal v. … Continue reading “IBC Doesn’t Mandate Higher Resolution Plan Value in Comparison to Liquidation Value | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

September 19, 2023

CIRP Plea was Within Limitation Period Due to Acknowledgement of Debt by CD in B/S & Extension of Limitation by AAIFR’s Order | NCLAT

Case Details: Asset Reconstruction Company … Continue reading “CIRP Plea was Within Limitation Period Due to Acknowledgement of Debt by CD in B/S & Extension of Limitation by AAIFR’s Order | NCLAT”