"Ms. Ankita Mullick is a paralegal and aspirant Company Secretary core competence and experience in Corporate Litigation including insolvency Bankruptcy Code, Mergers Amalgamation, Corporate Restructuring including other litigation matters involving representation before NCLT, High Court and Supreme Court. Ms. Mullick also hold experience in Contract management and negotiations, interest in Secretarial Compliance, taxation and finance."
Eventually, the IBC (Amendment) Ordinance, 2020 (Ordinance) is out to surcease the anticipations and discussions around suspension of Sections 7, 9 and 10 of Insolvency Bankruptcy Code, 2016 (Code) Covid 19, pandemic has impacted the business, economy, and financial market worldwide. In India for combating the spread of disease, nationwide lockdown was announced on 25th […]
Suspension of Section 7, 9 and 10 of Insolvency Bankruptcy Code: The IBC (Amendment) Ordinance, 2020 Lately, on third day of June, 2020 Union Cabinet cleared the proposal for suspension of Section 7, 9 and 10 of Insolvency Bankruptcy Code, 2016 (Code) for the period of six months starting from 25th of March, 2020. Thus, […]
Considering the coronavirus outbreak condition Central Government on 24th March, 2020 via Ministry of Corporate Affair notification S.O. 1205 (E) in exercising its power conferred under proviso to Section 4 of Insolvency Bankruptcy Code, 2016 (31 of 2016) enhanced the minimum default threshold from INR One Lakh to INR One Crore.
NCLAT in the recent judgment Bimalkumar Manubhai Savalia Vs. Bank of India held that part payment by guarantor will not extend limitation period of 3 Years under IBC
