Insolvency and Bankruptcy Code

News, Blog, Insolvency and Bankruptcy Code

December 23, 2021

NCLT justified in admitting CIRP plea as corporate debtor failed to repay the sum taken under share purchase agreement: NCLAT

Case details: Sree Bhadra Parks … Continue reading “NCLT justified in admitting CIRP plea as corporate debtor failed to repay the sum taken under share purchase agreement: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

December 22, 2021

Use of inherent power u/r 11 of NCLAT Rules to set aside section 7 petition would amount to an abuse of process of NCLAT

Case Details: Harish Raghavji Patel … Continue reading “Use of inherent power u/r 11 of NCLAT Rules to set aside section 7 petition would amount to an abuse of process of NCLAT”

Blog, News, Insolvency and Bankruptcy Code

December 21, 2021

CIRP plea admitted against a corporate debtor for failing to repay debt and non-adherence to terms of the settlement deed

Case Details: DBS Bank Ltd. … Continue reading “CIRP plea admitted against a corporate debtor for failing to repay debt and non-adherence to terms of the settlement deed”

Blog, News, Insolvency and Bankruptcy Code

December 18, 2021

“Clean slate” doctrine u/s 32A(2) of IBC doesn’t immunise Liquidator from answering ED’s queries under PMLA probe

Case Details: Nitin Jain Liquidator … Continue reading ““Clean slate” doctrine u/s 32A(2) of IBC doesn’t immunise Liquidator from answering ED’s queries under PMLA probe”

News, Blog, Insolvency and Bankruptcy Code

December 18, 2021

Expression of Interest by an appellant couldn’t be considered when the resolution plan was already approved by CoC

Case Details: Amanat Randhawa Hotels … Continue reading “Expression of Interest by an appellant couldn’t be considered when the resolution plan was already approved by CoC”

Blog, News, Insolvency and Bankruptcy Code

December 16, 2021

NCLT has no power u/s 7(5) of IBC to compel parties before it to settle a dispute, rules SC

Case Details: E S Krishnamurthy … Continue reading “NCLT has no power u/s 7(5) of IBC to compel parties before it to settle a dispute, rules SC”

Blog, News, Insolvency and Bankruptcy Code

December 13, 2021

Financial condition analysis before CIRP order: allowed?

[2021] 133 taxmann.com 62 (Article) … Continue reading “Financial condition analysis before CIRP order: allowed?”

Blog, Insolvency and Bankruptcy Code

August 29, 2023

Limited Insolvency Examination under regulation 3(3) of the Insolvency and Bankruptcy Board of India, 2016

Contents Syllabus for the Examination … Continue reading “Limited Insolvency Examination under regulation 3(3) of the Insolvency and Bankruptcy Board of India, 2016”

News, Blog, Insolvency and Bankruptcy Code

December 13, 2021

NCLAT upholds dismissal of CIRP plea as it was time-barred and there was a pre-existing dispute between parties

Case Details: Crown Tobacco Company … Continue reading “NCLAT upholds dismissal of CIRP plea as it was time-barred and there was a pre-existing dispute between parties”

Blog, News, Insolvency and Bankruptcy Code

December 6, 2021

NCLT can’t rely on residuary powers to allow withdrawal of resolution plan on plea of Successful Resolution Applicant

Case Details: Committee of Creditors … Continue reading “NCLT can’t rely on residuary powers to allow withdrawal of resolution plan on plea of Successful Resolution Applicant”