Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

April 18, 2022

Claim of interest income after 9 yrs when discovered in books was rightly rejected by AA: NCLAT

Case Details: Himalayan Crest Power … Continue reading “Claim of interest income after 9 yrs when discovered in books was rightly rejected by AA: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

April 13, 2022

The process of temporary surrender of Professional Membership ceases to exist, clarifies IBBI

CLARIFICATION No. IBBI/IP/2022, Dated 11-04-2022 … Continue reading “The process of temporary surrender of Professional Membership ceases to exist, clarifies IBBI”

Blog, News, Insolvency and Bankruptcy Code

April 7, 2022

IBBI amends voluntary liquidation norms; reduces timelines to expedite the liquidation process

1. Introduction The IBBI vide. … Continue reading “IBBI amends voluntary liquidation norms; reduces timelines to expedite the liquidation process”

News, Blog, Insolvency and Bankruptcy Code

April 6, 2022

IBBI proposes to revamp the grievance redressal mechanism for registered service providers

1. Introduction Insolvency and Bankruptcy … Continue reading “IBBI proposes to revamp the grievance redressal mechanism for registered service providers”

Blog, News, Insolvency and Bankruptcy Code

April 5, 2022

The liquidation value conundrum Vis-à-vis the dissenting financial creditors

[2022] 137 taxmann.com 40 (Article) … Continue reading “The liquidation value conundrum Vis-à-vis the dissenting financial creditors”

Blog, News, Insolvency and Bankruptcy Code

April 1, 2022

NCLT erred in disallowing extension to Bidder in complying with auction proceedings

Case Details: Standard Surfa Chem … Continue reading “NCLT erred in disallowing extension to Bidder in complying with auction proceedings”

Blog, News, Insolvency and Bankruptcy Code

March 30, 2022

Consent of CoC u/s 12A isn’t required when CIRP plea filed before constitution of CoC: NCLAT

Case Details: Asif Abdullah Dalwai … Continue reading “Consent of CoC u/s 12A isn’t required when CIRP plea filed before constitution of CoC: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

March 30, 2022

Resolution plan questionable even after approval if it violates provisions of IBC: NCLAT

Case Details: IDBI Bank v. … Continue reading “Resolution plan questionable even after approval if it violates provisions of IBC: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

March 23, 2022

One-Time Settlement proposed by CD amounted to acknowledgement of debt: NCLAT

Case Details: Gulabchand Jain v. … Continue reading “One-Time Settlement proposed by CD amounted to acknowledgement of debt: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

March 21, 2022

NCLAT sets aside CIRP as appellant tried to settle dues of financial creditors

Case Details: Air Travel Enterprises … Continue reading “NCLAT sets aside CIRP as appellant tried to settle dues of financial creditors”