Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

July 22, 2021

Directors providing a personal guarantee on loan taken by company cannot claim immunity u/s 14 of IBC on default

Case details: Ayan Mallick v. … Continue reading “Directors providing a personal guarantee on loan taken by company cannot claim immunity u/s 14 of IBC on default”

Blog, News, Insolvency and Bankruptcy Code

July 20, 2021

Corporate Debtor defaulted in payment to be regarded as a wilful defaulter even after liability is absolved via CIRP

Case details: Ishwari Prasad Tantia … Continue reading “Corporate Debtor defaulted in payment to be regarded as a wilful defaulter even after liability is absolved via CIRP”

News, Blog, Insolvency and Bankruptcy Code

July 19, 2021

NCLT admits petition filed u/s 7 on existence of debt and its default in repayment by corporate debtor

Case details: Edelweiss Asset Reconstruction … Continue reading “NCLT admits petition filed u/s 7 on existence of debt and its default in repayment by corporate debtor”

Blog, News, Insolvency and Bankruptcy Code

July 20, 2021

NCLT dismisses petition filed by operational debtor on existence of a genuine dispute between parties

Case details: MPT Sweden AB … Continue reading “NCLT dismisses petition filed by operational debtor on existence of a genuine dispute between parties”

Blog, News, Insolvency and Bankruptcy Code

July 20, 2021

Amount paid to corporate debtor as advance for marketing requirements cannot be considered a financial debt

Case details: Arrow Engineering Ltd. … Continue reading “Amount paid to corporate debtor as advance for marketing requirements cannot be considered a financial debt”

Blog, News, Insolvency and Bankruptcy Code

July 15, 2021

NCLT admits CIRP plea as operational creditor adequately proved the existence of debt and default by corporate debtor

Case details: Emgreen Impex Ltd. … Continue reading “NCLT admits CIRP plea as operational creditor adequately proved the existence of debt and default by corporate debtor”

Blog, News, Insolvency and Bankruptcy Code

July 15, 2021

NCLT orders consolidation of CIRP of two Corporate Debtors having interdependent operations

Case details: TJSB Sahakari Bank … Continue reading “NCLT orders consolidation of CIRP of two Corporate Debtors having interdependent operations”

News, Blog, Insolvency and Bankruptcy Code

July 15, 2021

Corporate debtor was to be liquidated as CoC with 98.91% voting rejected resolution plan and resolved to liquidate

Case details: Yash Productions v. … Continue reading “Corporate debtor was to be liquidated as CoC with 98.91% voting rejected resolution plan and resolved to liquidate”

Blog, News, Insolvency and Bankruptcy Code

July 15, 2021

Creditor must have exclusive or sole first charge over property to enforce security interest u/s 52(1)(b) of IBC

Case details: Asset Reconstruction Company … Continue reading “Creditor must have exclusive or sole first charge over property to enforce security interest u/s 52(1)(b) of IBC”

Blog, Insolvency and Bankruptcy Code

March 2, 2023

Realisation and Distribution of Assets by Liquidator | IBC

Topics covered in this article … Continue reading “Realisation and Distribution of Assets by Liquidator | IBC”