Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

October 17, 2022

NCLT rightly ordered liquidation when there was no resolution plan left before CoC for consideration: NCLAT

Case Details: C.E. Fernandes v. … Continue reading “NCLT rightly ordered liquidation when there was no resolution plan left before CoC for consideration: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

October 15, 2022

[Opinion] Implications of Supreme Court judgment in the case of Rainbow Papers Ltd.

[2022] 143 taxmann.com 155 (Article) … Continue reading “[Opinion] Implications of Supreme Court judgment in the case of Rainbow Papers Ltd.”

News, Blog, Insolvency and Bankruptcy Code

October 11, 2022

NCLT rightly rejected plea for approval of resolution plan as applicant failed to furnish a performance guarantee

Case Details: Cimco Projects Ltd. … Continue reading “NCLT rightly rejected plea for approval of resolution plan as applicant failed to furnish a performance guarantee”

Blog, News, Insolvency and Bankruptcy Code

October 10, 2022

CIRP plea was rightly rejected as OC couldn’t establish extension of limitation on basis of valid acknowledgement of debt

Case Details: Advance Engineering Services … Continue reading “CIRP plea was rightly rejected as OC couldn’t establish extension of limitation on basis of valid acknowledgement of debt”

Blog, News, Insolvency and Bankruptcy Code

October 7, 2022

Insolvency Professionals can get themselves enrolled as professional members with IPAs

Notification no. IBBI/2022-23/GN/REG100, Dated 03-10-2022 … Continue reading “Insolvency Professionals can get themselves enrolled as professional members with IPAs”

Blog, News, Insolvency and Bankruptcy Code

October 7, 2022

Now IPA and RVOs can register upto 200 participants for ‘continuing educational’ courses

INS Guidelines, Dated 30-09-2022 IBBI … Continue reading “Now IPA and RVOs can register upto 200 participants for ‘continuing educational’ courses”

Blog, News, Insolvency and Bankruptcy Code

September 29, 2022

Distribution value attributable to each secured creditor approved of by CoC not to be interfered: NCLAT

Case Details: Indian Bank v. … Continue reading “Distribution value attributable to each secured creditor approved of by CoC not to be interfered: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

September 29, 2022

Liquidator can’t verify the amount of fee payable to RP as it wasn’t a claim: NCLAT

Case Details: CA Rita Gupta … Continue reading “Liquidator can’t verify the amount of fee payable to RP as it wasn’t a claim: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

September 28, 2022

Houses constructed by builder corporate debtor weren’t its assets: NCLAT

Case Details: Alok Sharma v. … Continue reading “Houses constructed by builder corporate debtor weren’t its assets: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

September 27, 2022

Approval of RP with 100% voting and with slight modifications in amount to be paid to workmen was to be upheld: NCLAT

Case Details: Nitin Gupta v. … Continue reading “Approval of RP with 100% voting and with slight modifications in amount to be paid to workmen was to be upheld: NCLAT”