Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

June 17, 2024

NCLT Rightly Rejected Section 9 Plea Due to Pre-existing Dispute on Debt and Quality of Goods/Services | NCLAT

Case Details: East India Udyog … Continue reading “NCLT Rightly Rejected Section 9 Plea Due to Pre-existing Dispute on Debt and Quality of Goods/Services | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

June 15, 2024

Successful RAs Can Substitute Administrators for Preferential Transactions Application After Resolution Plan Approval

Case Details: Nippon Life India … Continue reading “Successful RAs Can Substitute Administrators for Preferential Transactions Application After Resolution Plan Approval”

Blog, Advisory, Insolvency and Bankruptcy Code

June 13, 2024

[Analysis] Streamlining Insolvency Compliance | Proposed Changes to CIRP Forms

Insolvency Compliance refers to the … Continue reading “[Analysis] Streamlining Insolvency Compliance | Proposed Changes to CIRP Forms”

Blog, News, Insolvency and Bankruptcy Code

June 12, 2024

IBBI Proposes to Simplify and Optimize CIRP Forms, Reducing Compliance Burden for IPs

Discussion Paper; Dated: 10.06.2024 The … Continue reading “IBBI Proposes to Simplify and Optimize CIRP Forms, Reducing Compliance Burden for IPs”

Blog, News, Insolvency and Bankruptcy Code

June 10, 2024

NCLAT’s Order Rejecting AA’s Directions to Consider Settlement Proposal Without Allowing SRA to Respond Was to Be Upheld | SC

Case Details: Pratham Expofab (P.) … Continue reading “NCLAT’s Order Rejecting AA’s Directions to Consider Settlement Proposal Without Allowing SRA to Respond Was to Be Upheld | SC”

News, Blog, Insolvency and Bankruptcy Code

June 7, 2024

IBBI Prescribes Guidelines for Creating a Panel of Insolvency Professionals to Serve as IRPs, Liquidators, and RPs

IBBI Guidelines, Dated: 05.06.2024 Earlier, … Continue reading “IBBI Prescribes Guidelines for Creating a Panel of Insolvency Professionals to Serve as IRPs, Liquidators, and RPs”

Blog, News, Insolvency and Bankruptcy Code

June 5, 2024

IT Dept. Liable to Pay Adjusted Amount to CD as It Violated Moratorium by Offsetting Tax Refund Against Demand | NCLAT

Case Details: Devarajan Raman Liquidator … Continue reading “IT Dept. Liable to Pay Adjusted Amount to CD as It Violated Moratorium by Offsetting Tax Refund Against Demand | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

May 27, 2024

Goods Confiscated by Customs Vest in Govt. Even if Option to Pay Redemption Fine is Not Exercised | NCLAT

Case Details: Principal Commissioner of … Continue reading “Goods Confiscated by Customs Vest in Govt. Even if Option to Pay Redemption Fine is Not Exercised | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

May 21, 2024

AA Was Justified in Rejecting CIRP Plea, as Documents Placed by Shareholders of CD Were Unsigned and B/s Showed Nil Loan | NCLAT

Case Details: Vijay Jain v. … Continue reading “AA Was Justified in Rejecting CIRP Plea, as Documents Placed by Shareholders of CD Were Unsigned and B/s Showed Nil Loan | NCLAT”

Blog, News, 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”