Insolvency and Bankruptcy Code

News, Blog, Insolvency and Bankruptcy Code

May 16, 2024

AA Rightly Admitted CIRP Plea Against Guarantor as FC Clearly Proved Existence of Financial Debt and Its Default by CD | NCLAT

Case Details: Tulip Hotel (P.) … Continue reading “AA Rightly Admitted CIRP Plea Against Guarantor as FC Clearly Proved Existence of Financial Debt and Its Default by CD | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

May 14, 2024

IBBI Proposes the Requirement for the Debtors to Upload Proof to the Information Utility to Deter Frivolous Disputes

Discussion Paper, Dated: 10.05.2024 The … Continue reading “IBBI Proposes the Requirement for the Debtors to Upload Proof to the Information Utility to Deter Frivolous Disputes”

Blog, News, Insolvency and Bankruptcy Code

May 13, 2024

IBBI Directs Insolvency Professionals to Upload Prescribed Judicial Orders Relating to Respective Assignments on Their Dashboards

Circular No. No. IBBI/LAD/72/2024, Dated … Continue reading “IBBI Directs Insolvency Professionals to Upload Prescribed Judicial Orders Relating to Respective Assignments on Their Dashboards”

Blog, News, Insolvency and Bankruptcy Code

May 13, 2024

Auction Sale of Corporate Debtor as Going Concern in Compliance With Liquidation Norms Was Rightly Approved by NCLAT | SC

Case Details: Kunwer Sachdev v. … Continue reading “Auction Sale of Corporate Debtor as Going Concern in Compliance With Liquidation Norms Was Rightly Approved by NCLAT | SC”

Blog, News, Insolvency and Bankruptcy Code

May 9, 2024

Resolution Applicant Who Was Declared Willful Defaulter Before Submission of Plan Wasn’t Eligible to Submit RP | NCLAT

Case Details: Namdev Hindurao Patil … Continue reading “Resolution Applicant Who Was Declared Willful Defaulter Before Submission of Plan Wasn’t Eligible to Submit RP | NCLAT”

Blog, Insolvency and Bankruptcy Code

April 30, 2024

IBC – Analysis of SC Ruling on Inherent Powers of NCLT to ‘Recall’ its Order

What are the Inherent Powers … Continue reading “IBC – Analysis of SC Ruling on Inherent Powers of NCLT to ‘Recall’ its Order”

Blog, News, Insolvency and Bankruptcy Code

April 26, 2024

CD is Solely Responsible for Repayment After Failed Barter Agreement, AA Rightly Admitted CIRP Plea | NCLAT

Case Details: Mukund Rajhans v. … Continue reading “CD is Solely Responsible for Repayment After Failed Barter Agreement, AA Rightly Admitted CIRP Plea | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

April 24, 2024

Special Court Presided by Sessions Judge or Addl. Sessions Judge Will Have Jurisdiction to Try Complaint Under IBC

Case Details: Insolvency and Bankruptcy … Continue reading “Special Court Presided by Sessions Judge or Addl. Sessions Judge Will Have Jurisdiction to Try Complaint Under IBC”

Blog, News, Insolvency and Bankruptcy Code

April 19, 2024

NCLT-approved RP Offering 2.16% Payment to OC, Rest via Preference Shares Was Violative of Sec. 30 | NCLAT

Case Details: Gupta Textiles v. … Continue reading “NCLT-approved RP Offering 2.16% Payment to OC, Rest via Preference Shares Was Violative of Sec. 30 | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

April 18, 2024

Guarantors Who Failed to Pay Invoked Guarantees Were Rightly Barred From Filing Their Claim as FC in CIRP of CD | SC

Case Details: Skil Infrastructure Ltd. … Continue reading “Guarantors Who Failed to Pay Invoked Guarantees Were Rightly Barred From Filing Their Claim as FC in CIRP of CD | SC”