Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

February 24, 2023

[Opinion] Payment of PF and Gratuity dues during CIRP – The dust settles

[2023] 147 taxmann.com 422 (Article) … Continue reading “[Opinion] Payment of PF and Gratuity dues during CIRP – The dust settles”

Blog, News, Insolvency and Bankruptcy Code

February 22, 2023

FC, who was aware of ineligibility of a resolution applicant, had right to appeal against AA’s order

Case Details: Bipin Sharma v. … Continue reading “FC, who was aware of ineligibility of a resolution applicant, had right to appeal against AA’s order”

News, Blog, Insolvency and Bankruptcy Code

February 21, 2023

Profit-sharing partner’s dues in JV with CD not operational debt: NCLAT

Case Details: Prashanth Shekara Shetty … Continue reading “Profit-sharing partner’s dues in JV with CD not operational debt: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

February 20, 2023

SC directs AA to reconsider case as defenses were not considered while interpreting S. 5(20) & 5(21)

Case Details: Punj Lloyd Aviation … Continue reading “SC directs AA to reconsider case as defenses were not considered while interpreting S. 5(20) & 5(21)”

Blog, News, Insolvency and Bankruptcy Code

February 15, 2023

HC upholds disciplinary committee’s suspension of RP for using ‘IBBI’ in firm name

Case Details: Kapil Goel v. … Continue reading “HC upholds disciplinary committee’s suspension of RP for using ‘IBBI’ in firm name”

Blog, News, Insolvency and Bankruptcy Code

February 15, 2023

IBBI not involved in litigation b/w two parties with pending appeal by Financial Creditor

Case Details: Insolvency & Bankruptcy … Continue reading “IBBI not involved in litigation b/w two parties with pending appeal by Financial Creditor”

Blog, News, Insolvency and Bankruptcy Code

February 8, 2023

NCLT’s order on RP after deadline & CIRP completion was unjust: NCLAT

Case Details: Alok Kailash Saksena, … Continue reading “NCLT’s order on RP after deadline & CIRP completion was unjust: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

January 21, 2023

MCA’s proposal to amend Section 7 of IBC aligns with the lawmakers’ intent!

1. Introduction On Wednesday, 18-01-2023, … Continue reading “MCA’s proposal to amend Section 7 of IBC aligns with the lawmakers’ intent!”

News, Blog, Insolvency and Bankruptcy Code

January 20, 2023

MCA proposed changes to overhaul the Insolvency and Bankruptcy Code

Introduction The Ministry of Corporate … Continue reading “MCA proposed changes to overhaul the Insolvency and Bankruptcy Code”

Blog, News, Insolvency and Bankruptcy Code

January 20, 2023

‘Cross Border Insolvency Rules/Regulations Committee-II’ recommends setting up of framework for group insolvency

IBBI vide. its report dated … Continue reading “‘Cross Border Insolvency Rules/Regulations Committee-II’ recommends setting up of framework for group insolvency”