Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

November 8, 2021

Matter remitted back as NCLT failed to exercise its jurisdiction in a proper and legal manner: NCLAT

Case Details: Ravi Sankar Devarakonda … Continue reading “Matter remitted back as NCLT failed to exercise its jurisdiction in a proper and legal manner: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

March 4, 2022

CIRP plea filed within 3 years from date of ‘offer of settlement’ was within limitation period: NCLAT

Case Details: Vivekanand Jha v. … Continue reading “CIRP plea filed within 3 years from date of ‘offer of settlement’ was within limitation period: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

November 1, 2021

NCLT admitted CIRP plea against corporate debtor for failing to make payment under terms of a settlement agreement

Case Details: Satish Sadashiv Rane … Continue reading “NCLT admitted CIRP plea against corporate debtor for failing to make payment under terms of a settlement agreement”

Blog, News, Insolvency and Bankruptcy Code

October 30, 2021

Promoters in charge of affairs of a defaulting Co. couldn’t escape from their liability arising due to wilful default

Case Details: Gouri Prasad Goenka … Continue reading “Promoters in charge of affairs of a defaulting Co. couldn’t escape from their liability arising due to wilful default”

Blog, News, Insolvency and Bankruptcy Code

October 29, 2021

NCLAT sets aside CIRP plea as allottee was a speculative investor and corporate debtor agreed to repay principal amount

Case Details: Ankit Goyat v. … Continue reading “NCLAT sets aside CIRP plea as allottee was a speculative investor and corporate debtor agreed to repay principal amount”

News, Blog, Insolvency and Bankruptcy Code

October 28, 2021

CIRP plea filed within 3 years from date of ‘offer of settlement’ was within limitation period: NCLAT

Case details: Vivekanand Jha v. … Continue reading “CIRP plea filed within 3 years from date of ‘offer of settlement’ was within limitation period: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

October 27, 2021

Proprietary concern is entitled to file CIRP application as an operational creditor as contemplated u/s 2(f): NCLAT

Case Details: Fipola Retail (India) … Continue reading “Proprietary concern is entitled to file CIRP application as an operational creditor as contemplated u/s 2(f): NCLAT”

Blog, News, Insolvency and Bankruptcy Code

October 27, 2021

NCLT’s direction to settle a claim even after finding existence of debt and its default was to be set aside: NCLAT

Case Details: Dyanamic Engineers Ltd. … Continue reading “NCLT’s direction to settle a claim even after finding existence of debt and its default was to be set aside: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

October 26, 2021

90-days window in Liquidation Regulations to make payment by successful bidder applies retrospectively: NCLAT

Case Details: Sundaresh Bhat Liquidator … Continue reading “90-days window in Liquidation Regulations to make payment by successful bidder applies retrospectively: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

October 26, 2021

Registration Exemptions to ‘Ongoing Project’: Case of Executive overreach

[2021] 131 taxmann.com 239 (Article) … Continue reading “Registration Exemptions to ‘Ongoing Project’: Case of Executive overreach”