Insolvency and Bankruptcy Code

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February 4, 2022

Dr. Anuradha Guru appointed as an ex- officio member in the IBBI

Notification no. S.O. 408(E), Dated: … Continue reading “Dr. Anuradha Guru appointed as an ex- officio member in the IBBI”

Blog, News, Insolvency and Bankruptcy Code

February 3, 2022

IBBI releases discussion paper on Voluntary Liquidation Process

The IBBI releases a discussion … Continue reading “IBBI releases discussion paper on Voluntary Liquidation Process”

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February 11, 2022

Approved Resolution Plan that extinguishes FDs without fully paying deposit holders is legally valid under IBC: NCLAT

Case Details: Vinay kumar Mittal … Continue reading “Approved Resolution Plan that extinguishes FDs without fully paying deposit holders is legally valid under IBC: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

January 29, 2022

NCLT rightly admitted CIRP plea against a corporate debtor who had pledged shares in favour of creditor against a loan

Case Details: Maitreya Doshi v. … Continue reading “NCLT rightly admitted CIRP plea against a corporate debtor who had pledged shares in favour of creditor against a loan”

Blog, News, Insolvency and Bankruptcy Code

March 4, 2022

IBBI slaps penalty on IRP for outsourcing his primary duty in engaging a professional for verification of claims

Case Details: Jaswant Singh, In … Continue reading “IBBI slaps penalty on IRP for outsourcing his primary duty in engaging a professional for verification of claims”

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January 18, 2022

NCLT was justified in not following its own decision in Beacon Trusteeship as a binding precedent as it was per incuriam: NCLAT

Case Details: Rajeev R. Jain … Continue reading “NCLT was justified in not following its own decision in Beacon Trusteeship as a binding precedent as it was per incuriam: NCLAT”

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January 11, 2022

SC upholds provisions relating to personal guarantors under IBC

Case Details: Lalit Kumar Jain … Continue reading “SC upholds provisions relating to personal guarantors under IBC”

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January 7, 2022

Term loan shown in the balance sheet of corporate debtor amounts to an acknowledgement of debt: CIRP plea righty admitted

Case details: Hemanshu Jamnadas Domadia … Continue reading “Term loan shown in the balance sheet of corporate debtor amounts to an acknowledgement of debt: CIRP plea righty admitted”

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December 29, 2021

All Govt. authorities are also bound by a Resolution Plan once it is approved by NCLT u/s 31(1) of IBC: SC

Case details: Commissioner of Income-tax … Continue reading “All Govt. authorities are also bound by a Resolution Plan once it is approved by NCLT u/s 31(1) of IBC: SC”

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December 28, 2021

CoC is empowered to liquidate corporate debtor even after approval of Resolution Plan and laying it before NCLT: SC

Case Details: Gulabchand Jain v. … Continue reading “CoC is empowered to liquidate corporate debtor even after approval of Resolution Plan and laying it before NCLT: SC”