Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

March 23, 2023

Evidence of personal guarantor’s presence precludes denial of awareness of absence of notice u/s 95(1) of IBC: NCLAT

Case Details: Premjit Singh Chadha … Continue reading “Evidence of personal guarantor’s presence precludes denial of awareness of absence of notice u/s 95(1) of IBC: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

March 22, 2023

CIRP plea filed by Operational Creditor for an amount below Rs 1 Cr wasn’t maintainable: NCLAT

Case Details: Netfinity Solutions v. … Continue reading “CIRP plea filed by Operational Creditor for an amount below Rs 1 Cr wasn’t maintainable: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

March 21, 2023

RP rightly approached AA seeking directions to pay CIRP costs due to CoC stalemate

Case Details: Income-tax Department, Assistant … Continue reading “RP rightly approached AA seeking directions to pay CIRP costs due to CoC stalemate”

News, Blog, Insolvency and Bankruptcy Code

March 21, 2023

All claims which weren’t part of RP would stand extinguished on approval of the plan: NCLAT

Case Details: R.S Wire Industries … Continue reading “All claims which weren’t part of RP would stand extinguished on approval of the plan: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

March 20, 2023

NCLT erred in admitting CIRP plea filed u/s 7 against an NBFC that acted as a guarantor

Case Details: Nirmal Kumar Agarwal … Continue reading “NCLT erred in admitting CIRP plea filed u/s 7 against an NBFC that acted as a guarantor”

Blog, News, Insolvency and Bankruptcy Code

March 18, 2023

Suspended director of corporate debtor who was a declared wilful defaulter ineligible to submit RP: NCLAT

Case Details: Athar Zia v. … Continue reading “Suspended director of corporate debtor who was a declared wilful defaulter ineligible to submit RP: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

March 16, 2023

Acknowledgement of Debt in B/S and OTS extends Limitation Period: NCLAT

Case  Details: Dinesh G Jaiswal … Continue reading “Acknowledgement of Debt in B/S and OTS extends Limitation Period: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

March 15, 2023

Time-barred CIRP Plea rejected by NCLT in 2018 for default

Case Details: Vedika Credit Capital … Continue reading “Time-barred CIRP Plea rejected by NCLT in 2018 for default”

Blog, News, Insolvency and Bankruptcy Code

March 13, 2023

AAIFR approved Rehabilitation Scheme not considered as RP under IBC: NCLAT

Case Details: Pramod Kumar Pathak … Continue reading “AAIFR approved Rehabilitation Scheme not considered as RP under IBC: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

March 13, 2023

Legal assignee of debt holds same rights as original FC in debt recovery proceedings

Image Case Details: Siti Networks … Continue reading “Legal assignee of debt holds same rights as original FC in debt recovery proceedings”