Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

October 14, 2024

Liquidator Was Right in Placing Unsecured FC Ahead of Operational Creditor in Distribution of Assets u/s 53 of IBC | NCLAT

Case Details: Times Innovative Media … Continue reading “Liquidator Was Right in Placing Unsecured FC Ahead of Operational Creditor in Distribution of Assets u/s 53 of IBC | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

October 9, 2024

NCLT’s Allowance to Withdraw Section 94 Application Gives No Assurance on the Maintainability of Future Re-Filing

Case Details: Gursev Singh v. … Continue reading “NCLT’s Allowance to Withdraw Section 94 Application Gives No Assurance on the Maintainability of Future Re-Filing”

Blog, News, Insolvency and Bankruptcy Code

October 8, 2024

HC Upholds IBBI’s 2-Year Suspension of Insolvency Professional for Failing to Protect Corporate Debtor’s Assets

Case Details: Sandeep Kumar Bhatt … Continue reading “HC Upholds IBBI’s 2-Year Suspension of Insolvency Professional for Failing to Protect Corporate Debtor’s Assets”

Blog, News, Insolvency and Bankruptcy Code

October 6, 2024

Writ Petition Seeking Fresh CoC Voting on Resolution Plan Dismissed as CoC’s Decision Rests With AA | HC

Case Details: Gateway Investment Management … Continue reading “Writ Petition Seeking Fresh CoC Voting on Resolution Plan Dismissed as CoC’s Decision Rests With AA | HC”

Blog, News, Insolvency and Bankruptcy Code

October 2, 2024

IBBI Was Justified in Taking a Lenient View on RP Guilty of Technical Issues as It Caused No Harm to Stakeholders or CD | HC

Case Details: Sarish Mittal v. … Continue reading “IBBI Was Justified in Taking a Lenient View on RP Guilty of Technical Issues as It Caused No Harm to Stakeholders or CD | HC”

News, Blog, Insolvency and Bankruptcy Code

September 27, 2024

Property Tax Dues Pre-Dating CIRP Approval Can’t Be Claimed by MCD | Petitioner to Pay Post-CIRP Dues

Case Details: Bhushan Power & … Continue reading “Property Tax Dues Pre-Dating CIRP Approval Can’t Be Claimed by MCD | Petitioner to Pay Post-CIRP Dues”

Blog, News, Insolvency and Bankruptcy Code

September 26, 2024

IBBI Bars Late Selection of Insolvency Professional as Authorised Representative Under Amended IRP Norms

Notification No. IBBI/2024-25/GN/REG116; Dated: 24.09.2024 … Continue reading “IBBI Bars Late Selection of Insolvency Professional as Authorised Representative Under Amended IRP Norms”

Blog, News, Insolvency and Bankruptcy Code

September 25, 2024

HC Quashes Pre-Insolvency Dues Claim | Orders Power-Co. to Provide New Electricity Connection for Petitioner

Case Details: Reliance Infratel Ltd. … Continue reading “HC Quashes Pre-Insolvency Dues Claim | Orders Power-Co. to Provide New Electricity Connection for Petitioner”

Blog, News, Insolvency and Bankruptcy Code

September 24, 2024

NCLAT Upholds Plea u/s 95 as Timely Filed Due to Debt Acknowledgment and SC’s Exclusion of COVID Period

Case Details: Jagdishchandra Mansukhani v. … Continue reading “NCLAT Upholds Plea u/s 95 as Timely Filed Due to Debt Acknowledgment and SC’s Exclusion of COVID Period”

Blog, News, Insolvency and Bankruptcy Code

September 13, 2024

Writ Plea Limiting Guarantor’s Liability in CIRP Disposed Of, HC Directs AA to Resolve Claims Impacting Entire CIRP Process

Case Details: Seeta Shah v. … Continue reading “Writ Plea Limiting Guarantor’s Liability in CIRP Disposed Of, HC Directs AA to Resolve Claims Impacting Entire CIRP Process”