Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

January 9, 2023

Acceptance of debt at a later date couldn’t change the date of default; plea u/s 9 was to be rejected

Case Details: SLB Welfare Association … Continue reading “Acceptance of debt at a later date couldn’t change the date of default; plea u/s 9 was to be rejected”

Blog, Top Rulings 2022, Insolvency and Bankruptcy Code

January 7, 2023

10 Landmark IBC Case Laws | 2022 | Expert Analysis and Explanations

Taxmann’s Editorial Team has identified … Continue reading “10 Landmark IBC Case Laws | 2022 | Expert Analysis and Explanations”

Blog, News, Insolvency and Bankruptcy Code

December 24, 2022

Appellant’s claim that couldn’t be substantiated before approval of RP can’t be entertained later

Case Details: S.C. Brothers Lorry … Continue reading “Appellant’s claim that couldn’t be substantiated before approval of RP can’t be entertained later”

News, Blog, Insolvency and Bankruptcy Code

December 24, 2022

[Opinion] Cash Flow Test under the Indian Insolvency Regime: Is it Bearing the desired Result?

[2022] 145 taxmann.com 539 (Article) … Continue reading “[Opinion] Cash Flow Test under the Indian Insolvency Regime: Is it Bearing the desired Result?”

Blog, News, Insolvency and Bankruptcy Code

December 23, 2022

IBBI specifies the proforma for reporting liquidator’s decision differing from SCC’s advice

Circular No. IBBI/LIQ/57/2022, Dated 21.12.2022 … Continue reading “IBBI specifies the proforma for reporting liquidator’s decision differing from SCC’s advice”

Blog, News, Insolvency and Bankruptcy Code

December 23, 2022

Dismissal of plea filed u/s 66 for lack of evidence of fraudulent business by Corporate Debtor

Case Details: Regen Powertech (P.) … Continue reading “Dismissal of plea filed u/s 66 for lack of evidence of fraudulent business by Corporate Debtor”

Blog, News, Insolvency and Bankruptcy Code

December 21, 2022

NCLT passed liquidation order for CIRP without approved resolution plan by CoC: NCLAT

Case Details: Rakesh Gupta v. … Continue reading “NCLT passed liquidation order for CIRP without approved resolution plan by CoC: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

December 21, 2022

IBBI disposes of SCN against an IP aged more than 70 yrs. without directions

Case Details: INSOLVENCY AND BANKRUPTCY … Continue reading “IBBI disposes of SCN against an IP aged more than 70 yrs. without directions”

Blog, News, Insolvency and Bankruptcy Code

December 16, 2022

NCLT erred in admitting CIRP plea due to lack of evidence for MD’s non-payment claim: NCLAT

Case Details: Omega Laser Products … Continue reading “NCLT erred in admitting CIRP plea due to lack of evidence for MD’s non-payment claim: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

December 14, 2022

IBBI to prepare a Common Panel of IPs for appointment as IRP, Liquidator, RP and Bankruptcy Trustee

Insolvency Professionals to act as … Continue reading “IBBI to prepare a Common Panel of IPs for appointment as IRP, Liquidator, RP and Bankruptcy Trustee”