Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

December 3, 2021

CIRP process has to be completed within the time-limit stipulated u/s 12 of IBC, rules SC

Case details: Committee of Creditors … Continue reading “CIRP process has to be completed within the time-limit stipulated u/s 12 of IBC, rules SC”

Blog, News, Insolvency and Bankruptcy Code

December 2, 2021

NCLAT allows timeline for filing claim to creditors who were no party before AA when CIRP plea was admitted jeopardizing their interest

Case Details: Prasun Kumar v. … Continue reading “NCLAT allows timeline for filing claim to creditors who were no party before AA when CIRP plea was admitted jeopardizing their interest”

Blog, News, Insolvency and Bankruptcy Code

November 25, 2021

NCLT can’t adjudicate a contractual dispute between parties if it is unrelated to corporate debtor’s insolvency: SC

Case Details: TATA Consultancy Services … Continue reading “NCLT can’t adjudicate a contractual dispute between parties if it is unrelated to corporate debtor’s insolvency: SC”

Blog, News, Insolvency and Bankruptcy Code

November 25, 2021

IBBI removes column for ‘Identification Number’ from list of stakeholders filed u/r 31(5)(d) of liquidation norms

CIRCULAR NO. IBBI/LIQ/46/2021, Dated 24-11-2021 … Continue reading “IBBI removes column for ‘Identification Number’ from list of stakeholders filed u/r 31(5)(d) of liquidation norms”

News, Blog, Insolvency and Bankruptcy Code

November 20, 2021

Equitable treatment of Operational Creditors with Financial Creditors is a question under IBC – Let’s examine

[2021] 132 taxmann.com 163 (Article) … Continue reading “Equitable treatment of Operational Creditors with Financial Creditors is a question under IBC – Let’s examine”

Blog, News, Insolvency and Bankruptcy Code

November 17, 2021

‘Operational Creditors’ Under Insolvency and Bankruptcy Code, 2016

[2021] 132 taxmann.com 133 (Article) … Continue reading “‘Operational Creditors’ Under Insolvency and Bankruptcy Code, 2016”

Blog, News, Insolvency and Bankruptcy Code

November 16, 2021

IBBI disposes off SCN issued to an IP as efforts were made to maximize value and fee was reasonably charged

Case Details: Ms. Charu Sandeep … Continue reading “IBBI disposes off SCN issued to an IP as efforts were made to maximize value and fee was reasonably charged”

Blog, News, Insolvency and Bankruptcy Code

November 15, 2021

CIRP admitted as corporate debtor raised dispute w.r.t. quality of goods after receiving notice to shrug off liability

Case Details: Huangyan Zhedong Rubber … Continue reading “CIRP admitted as corporate debtor raised dispute w.r.t. quality of goods after receiving notice to shrug off liability”

Blog, News, Insolvency and Bankruptcy Code

November 12, 2021

Education Society is not a corporate person for IBC proceedings; CIRP plea rejected: NCLAT

Case Details: Asset Reconstruction Company … Continue reading “Education Society is not a corporate person for IBC proceedings; CIRP plea rejected: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

November 9, 2021

NCLT has power to appoint a new IRP when CoC failed to make an appointment due to clash between creditors: NCLAT

Case Details: Anil Kumar v. … Continue reading “NCLT has power to appoint a new IRP when CoC failed to make an appointment due to clash between creditors: NCLAT”