Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

September 23, 2021

Resolution applicant can change nature of business of corporate debtor as long as the objective of IBC isn’t hampered

Case details: Next Orbit Ventures … Continue reading “Resolution applicant can change nature of business of corporate debtor as long as the objective of IBC isn’t hampered”

Blog, News, Insolvency and Bankruptcy Code

September 21, 2021

Claim of operational debt can’t be fastened on successful resolution applicant after approval of resolution plan

Case Details: Shree Siddhivinayak Cotspin … Continue reading “Claim of operational debt can’t be fastened on successful resolution applicant after approval of resolution plan”

Blog, News, Insolvency and Bankruptcy Code

September 21, 2021

12A: Cure for Stress or Backdoor Opportunity for Promoters

[2021] 130 taxmann.com 302 (Article) … Continue reading “12A: Cure for Stress or Backdoor Opportunity for Promoters”

Blog, News, Insolvency and Bankruptcy Code

September 18, 2021

Breach in settlement terms couldn’t entitle financial creditors to come back and seek revival of CIRP: NCLAT

Case details: Krishna Garg v. … Continue reading “Breach in settlement terms couldn’t entitle financial creditors to come back and seek revival of CIRP: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

September 17, 2021

NCLT dismiss plea for withdrawal of CIRP on ground of settlement as corporate debtor was involved in tax evasion

Case details: Huhtamaki PPL Ltd. … Continue reading “NCLT dismiss plea for withdrawal of CIRP on ground of settlement as corporate debtor was involved in tax evasion”

Blog, News, Insolvency and Bankruptcy Code

September 17, 2021

Regulatory changes relating to role of Independent Directors & role and duties of Nominee Director as per SC in Tata-Mistry Judgment – An Analysis

[2021] 130 taxmann.com 211 (Article) … Continue reading “Regulatory changes relating to role of Independent Directors & role and duties of Nominee Director as per SC in Tata-Mistry Judgment – An Analysis”

Blog, News, Insolvency and Bankruptcy Code

September 16, 2021

Why do you need Business Valuation?

[2021] 130 taxmann.com 203 (Article) … Continue reading “Why do you need Business Valuation?”

Blog, News, Insolvency and Bankruptcy Code

September 15, 2021

Employees of corporate debtor not entitled to copy of resolution plan or any portion thereof: NCLT

Case details: National Aviators’ Guild … Continue reading “Employees of corporate debtor not entitled to copy of resolution plan or any portion thereof: NCLT”

Blog, News, Insolvency and Bankruptcy Code

September 13, 2021

Dispute regarding quantum of admitted liability is immaterial at admission stage of CIRP application: NCLAT

Case details: Apya Capital Services … Continue reading “Dispute regarding quantum of admitted liability is immaterial at admission stage of CIRP application: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

September 10, 2021

In application u/s 7 financial creditor and corporate debtor alone are necessary parties and no third party is contemplated

Case details: Vekas Kumar Garg … Continue reading “In application u/s 7 financial creditor and corporate debtor alone are necessary parties and no third party is contemplated”