Insolvency and Bankruptcy Code

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”

Blog, Insolvency and Bankruptcy Code

September 10, 2024

Overview of the Insolvency and Bankruptcy Code | A Comprehensive Summary

The Insolvency and Bankruptcy Code … Continue reading “Overview of the Insolvency and Bankruptcy Code | A Comprehensive Summary”

News, Blog, Insolvency and Bankruptcy Code

September 10, 2024

Moratorium Commences on First Financial Creditor’s Application, Regardless of Subsequent Registrations | NCLAT

Case Details: Sangita Arora v. … Continue reading “Moratorium Commences on First Financial Creditor’s Application, Regardless of Subsequent Registrations | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

September 9, 2024

Arbitrator Rightly Dismissed FC’s Counterclaim Against CD as Resolution Plan Extinguished All Pending Arbitration Claims

Case Details: West Bengal Power … Continue reading “Arbitrator Rightly Dismissed FC’s Counterclaim Against CD as Resolution Plan Extinguished All Pending Arbitration Claims”

Blog, News, Insolvency and Bankruptcy Code

September 6, 2024

Appellant Was to Be Allowed to Submit Fresh RP and EoI After BSE Revoked Debarment from Securities Market | SC

Case Details: Aggarsain Spinners Ltd. … Continue reading “Appellant Was to Be Allowed to Submit Fresh RP and EoI After BSE Revoked Debarment from Securities Market | SC”

Blog, News, Insolvency and Bankruptcy Code

September 5, 2024

NCLAT Dismisses Income-Tax Dept.’s Claim for Outstanding Income Tax as It Was Filed Post-Approval of Resolution Plan

Case Details: Assistant Commissioner of … Continue reading “NCLAT Dismisses Income-Tax Dept.’s Claim for Outstanding Income Tax as It Was Filed Post-Approval of Resolution Plan”

Blog, News, Insolvency and Bankruptcy Code

August 28, 2024

Reopening Notice Issued to Petitioner for AY 2014-15 Quashed as IT Dept. Failed to Claim Escaped Income During CIRP | HC

Case Details: Asian Colour Coated … Continue reading “Reopening Notice Issued to Petitioner for AY 2014-15 Quashed as IT Dept. Failed to Claim Escaped Income During CIRP | HC”

Blog, News, Insolvency and Bankruptcy Code

August 27, 2024

IBBI Proposes to Amend Reg. 36 of CIRP Regulations to Make Disclosures About CD’s Status, Registered or Not as MSME

Discussion Paper; Dated: 23.08.2024 The … Continue reading “IBBI Proposes to Amend Reg. 36 of CIRP Regulations to Make Disclosures About CD’s Status, Registered or Not as MSME”

Blog, News, Insolvency and Bankruptcy Code

August 17, 2024

IBBI Extends Timeline for Disposing Show-Cause Notices by Disciplinary Committee to 60 Days

Notification No. IBBI/2024-25/GN/REG115, Dated: 13.08.2024 … Continue reading “IBBI Extends Timeline for Disposing Show-Cause Notices by Disciplinary Committee to 60 Days”

Blog, News, Insolvency and Bankruptcy Code

August 17, 2024

IBBI Mandates ‘Information Utilities’ to Verify Key Information Before Issuing a Record of Default in Form D

Notification No. No. IBBI/2024-25/GN/REG114; Dated: … Continue reading “IBBI Mandates ‘Information Utilities’ to Verify Key Information Before Issuing a Record of Default in Form D”