Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

July 8, 2024

HC Upholds Liquidator’s Suspension for Conflict of Interest and Inflated Billing Practices

Case Details: Sundaresh Bhat v. … Continue reading “HC Upholds Liquidator’s Suspension for Conflict of Interest and Inflated Billing Practices”

News, Blog, Insolvency and Bankruptcy Code

July 4, 2024

AA Rightly Orders Liquidation as Corporate Debtor Having One Valuable Asset Couldn’t Be Sold as a Going Concern | NCLAT

Case Details: Amit Ahirrao v. … Continue reading “AA Rightly Orders Liquidation as Corporate Debtor Having One Valuable Asset Couldn’t Be Sold as a Going Concern | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

July 1, 2024

IBBI Introduces E-Forms to Monitor ‘Voluntary Liquidation Processes’

CIRCULAR No. IBBI/LIQ/74/2024, Dated: 28.06.2024 … Continue reading “IBBI Introduces E-Forms to Monitor ‘Voluntary Liquidation Processes’”

Blog, News, Insolvency and Bankruptcy Code

July 1, 2024

IBBI Issues New E-Forms to Streamline Liquidation Reporting for Insolvency Professionals

CIRCULAR No. IBBI/LIQ/73/2024; Dated: 28-06-2024 … Continue reading “IBBI Issues New E-Forms to Streamline Liquidation Reporting for Insolvency Professionals”

News, Blog, Insolvency and Bankruptcy Code

June 28, 2024

NCLAT Upholds NCLT’s Order to Return Resolution Plan to CoC as Appellant-SRA Agreed to Reconsider the Matter

Case Details: Noble Marine Metals … Continue reading “NCLAT Upholds NCLT’s Order to Return Resolution Plan to CoC as Appellant-SRA Agreed to Reconsider the Matter”

Blog, News, Insolvency and Bankruptcy Code

June 27, 2024

Plea for Condonation of Delay in Filing Appeal Rejected as Appellant Failed to Appear Before AA Despite Serving of Notice | Appellate Tribunal

Case Details: Sciknow Techno Solutions … Continue reading “Plea for Condonation of Delay in Filing Appeal Rejected as Appellant Failed to Appear Before AA Despite Serving of Notice | Appellate Tribunal”

Blog, News, Insolvency and Bankruptcy Code

June 25, 2024

IBBI Proposes to Standardize the Liquidation Progress Report | Seeks Public Comments on the Draft Format

Regulation 15 of the Insolvency … Continue reading “IBBI Proposes to Standardize the Liquidation Progress Report | Seeks Public Comments on the Draft Format”

Blog, News, Insolvency and Bankruptcy Code

June 21, 2024

IBBI Proposes One Valuation Estimate for Companies Up to a Certain Asset Size and for MSME Companies

Discussion Paper; Dated: 19.06.2024 The … Continue reading “IBBI Proposes One Valuation Estimate for Companies Up to a Certain Asset Size and for MSME Companies”

News, Blog, Insolvency and Bankruptcy Code

June 20, 2024

Appellant’s Claim for Security Deposit Refund Under LoI Didn’t Qualify as Operational Debt Due to Contractual Obligation | NCLAT

Case Details: Carestream Health India … Continue reading “Appellant’s Claim for Security Deposit Refund Under LoI Didn’t Qualify as Operational Debt Due to Contractual Obligation | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

June 19, 2024

NCLT Rightly Initiated CIRP as CD’s Post-hearing Objections to Debt Assignment’s Stamp Duty Were Unjustified and Late

Case Details: Loramitra Rath v. … Continue reading “NCLT Rightly Initiated CIRP as CD’s Post-hearing Objections to Debt Assignment’s Stamp Duty Were Unjustified and Late”