Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

September 9, 2021

Corporate debtor can’t be allowed to alter financial status while application was pending u/s 10

Case details: Prithivraj Spinning Mill … Continue reading “Corporate debtor can’t be allowed to alter financial status while application was pending u/s 10”

News, Blog, Insolvency and Bankruptcy Code

September 8, 2021

IBBI bars RP from taking an assignment for 1 year as he violated Sec. 208(2)(a) and Regulation 36A of CIRP regulations

Case details: Manish Kumar Gupta, … Continue reading “IBBI bars RP from taking an assignment for 1 year as he violated Sec. 208(2)(a) and Regulation 36A of CIRP regulations”

Blog, News, Insolvency and Bankruptcy Code

September 6, 2021

Non-payment of bonus due to non-fulfillment of certain terms and conditions would be a pre-existing dispute: NCLAT

Case Details: Victor Vanya Bandlamudi … Continue reading “Non-payment of bonus due to non-fulfillment of certain terms and conditions would be a pre-existing dispute: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

September 3, 2021

Dispensation of the meetings: Judicial discretion for family companies

[2021] 129 taxmann.com 395 (Article) … Continue reading “Dispensation of the meetings: Judicial discretion for family companies”

News, Blog, Insolvency and Bankruptcy Code

September 2, 2021

Insolvency Resolution Process admitted as corporate debtor defaulted in paying outgoing employee: NCLT

Case details: Baiju Cheriyan v. … Continue reading “Insolvency Resolution Process admitted as corporate debtor defaulted in paying outgoing employee: NCLT”

Blog, News, Insolvency and Bankruptcy Code

September 1, 2021

Limitation Act, 1963 applicable to applications against personal guarantors under IBC, 2016

[2021] 129 taxmann.com 351 (Article) … Continue reading “Limitation Act, 1963 applicable to applications against personal guarantors under IBC, 2016”

Blog, News, Insolvency and Bankruptcy Code

September 9, 2021

Resolution plan approved by CoC is binding on all stakeholders and commercial decision of CoC can’t be interfered with

Case details: Deputy Commissioner, CGST … Continue reading “Resolution plan approved by CoC is binding on all stakeholders and commercial decision of CoC can’t be interfered with”

Blog, News, Insolvency and Bankruptcy Code

August 27, 2021

Appeal against NCLT’s order dismissing interlocutory application of corporate debtor is not maintainable: NCLAT

Case details: Kerala Ayurveda Ltd. … Continue reading “Appeal against NCLT’s order dismissing interlocutory application of corporate debtor is not maintainable: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

August 24, 2021

Applicant being an MSME would be eligible to submit a resolution plan for his own company: NCLT

Case details: Brijendra Kumar Mishra, … Continue reading “Applicant being an MSME would be eligible to submit a resolution plan for his own company: NCLT”

Blog, News, Insolvency and Bankruptcy Code

August 23, 2021

NCLT appointed a new resolution professional as present Resolution professional failed to carry Insolvency Process

Case details: Ram Niwas & … Continue reading “NCLT appointed a new resolution professional as present Resolution professional failed to carry Insolvency Process”