Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

August 16, 2023

Appellant’s Claim Deferred Until Corporate Debtor’s Counterclaim Determination: NCLAT

Case Details: Anheuser Busch Inbev … Continue reading “Appellant’s Claim Deferred Until Corporate Debtor’s Counterclaim Determination: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

August 10, 2023

Upon Transfer of Winding up Petition from HC to NCLT, NCLT Shall Deal With it as an Application for Initiation of CIRP | HC

Case Details: Ultratech Cement Ltd. … Continue reading “Upon Transfer of Winding up Petition from HC to NCLT, NCLT Shall Deal With it as an Application for Initiation of CIRP | HC”

Blog, News, Insolvency and Bankruptcy Code

August 9, 2023

RP’s Request to Restrain ED’s Lease Collection Quashed for Suppressing Fact that ED’s had Physical Possession of Property

Case Details: KSL & Industries … Continue reading “RP’s Request to Restrain ED’s Lease Collection Quashed for Suppressing Fact that ED’s had Physical Possession of Property”

Blog, Insolvency and Bankruptcy Code

August 9, 2023

Insolvency vs. Bankruptcy vs. Liquidation – Intro to IBC 2016 & Key Definitions

Table of Contents Insolvency V. … Continue reading “Insolvency vs. Bankruptcy vs. Liquidation – Intro to IBC 2016 & Key Definitions”

Blog, News, Insolvency and Bankruptcy Code

August 8, 2023

OC’s Claim Based on an Unquashed or Unstayed Arbitration Award Requires RP Approval | NCLAT

Case Details: Kanoria Chemical & … Continue reading “OC’s Claim Based on an Unquashed or Unstayed Arbitration Award Requires RP Approval | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

August 2, 2023

Single Judge’s Direction Restraining Appellant from Invoking Guarantee Overturned as he wasn’t Aware of Prior Encashment | HC

Case Details: Power Grid Corporation … Continue reading “Single Judge’s Direction Restraining Appellant from Invoking Guarantee Overturned as he wasn’t Aware of Prior Encashment | HC”

Blog, News, Insolvency and Bankruptcy Code

August 1, 2023

AA Rightly Rejected CoC’s Decision to Liquidate CD After Preparation of IM, as it is Beyond the CoC’s Power | NCLAT

Case Details: Hero Fincorp Ltd. … Continue reading “AA Rightly Rejected CoC’s Decision to Liquidate CD After Preparation of IM, as it is Beyond the CoC’s Power | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

July 31, 2023

NCLT Rightly Rejected CIRP Plea of OC as There was a Pre-existing Dispute Between the Parties | NCLT

Case Details: Law & Kenneth … Continue reading “NCLT Rightly Rejected CIRP Plea of OC as There was a Pre-existing Dispute Between the Parties | NCLT”

News, Blog, Insolvency and Bankruptcy Code

July 25, 2023

CoC’s Decision on Non-payment of Salaries to Suspended Directors Couldn’t be Interfered With | NCLT

Case Details: Babubhai Shrimali v. … Continue reading “CoC’s Decision on Non-payment of Salaries to Suspended Directors Couldn’t be Interfered With | NCLT”

Blog, News, Insolvency and Bankruptcy Code

July 24, 2023

CD’s Unsecured Loan to an Unrelated Party Became Fraudulent When Removed from Books | NCLAT

Case Details: Shri Baiju Trading … Continue reading “CD’s Unsecured Loan to an Unrelated Party Became Fraudulent When Removed from Books | NCLAT”