Corporate Law : Analyzing the clash between India's Insolvency and Bankruptcy Code (IBC) and the Prevention of Money Laundering Act (PMLA), and th...
Corporate Law : Explore recent Supreme Court rulings on dissenting creditor rights and set-off claims in insolvency cases. Detailed analysis of ke...
Corporate Law : Understand the conditions for complying with a resolution plan under the Insolvency and Bankruptcy Code (IBC) and learn from relev...
Corporate Law : Explore proposed amendments to IBBI (Information Utilities) Regulations aiming to enhance insolvency resolution in India. Analyze ...
Corporate Law : Explore the nuances of voluntary liquidation procedures under Section 59 of the Insolvency and Bankruptcy Code (IBC) with insights...
Corporate Law : Explore proposals to enhance IU's Record of Default issuance process for swift insolvency proceedings. Details on objectives, stat...
Corporate Law : Explore the impact of the LLP (Amendment) Act, 2021 on Ease of Doing Business, startup encouragement, and the introduction of Smal...
Income Tax : Explore frequently asked questions about the Insolvency and Bankruptcy Board of India (IBBI) Valuation Examinations effective from...
Corporate Law : Explore the Insolvency and Bankruptcy Board of India's latest guidelines (2023) for appointing Interim Resolution Professionals, L...
Corporate Law : Explore discussion paper on real estate insolvency reforms, including RERA registration, separate bank accounts, and asset exclusi...
Corporate Law : In the State Bank of India vs. Supreme Panvel Indapur Tollways Pvt. Ltd. case, NCLAT Delhi grants time for rejoinder with a cost o...
Corporate Law : NCLAT Chennai rules against FLSmidth Pvt Ltd, stating liquidator lacks authority to decide matters involving claims and countercla...
Corporate Law : NCLAT held that CoC's decision not to liquidate did not constitute a modification of resolution plan and extension of time for pay...
Corporate Law : NCLAT Chennai held that liability arising from a recovery certificate constitutes a financial debt under IBC. Therefore, applicati...
Corporate Law : The National Company Law Tribunal (NCLT) approved the Resolution Plan, emphasizing the paramount importance of the CoC's commercia...
Corporate Law : Stay updated with IBBI's latest directive for Insolvency Professionals (IPs) to upload judicial orders related to insolvency proce...
Goods and Services Tax : Understand the clarifications on GST dues for taxpayers whose proceedings have been finalized under IBC, 2016, as per Circular No....
Corporate Law : Learn about the partial modification to IBBIs 2023 circular on liquidators' fees. Analysis of changes and their impact on insolven...
Corporate Law : Read the detailed analysis of the Insolvency and Bankruptcy Board of India's disciplinary action against Ms. Jovita Reema Mathias ...
Corporate Law : Read about the IBBI's disciplinary action against Mr. Venkata Sivakumar, an Interim Resolution Professional, for sharing asset mem...
NCLT Mumbai while dealing with Company Petition filed u/s. 9 of the Insolvency & Bankruptcy Code, 2016 held that debts arising from different work order(s) can be clubbed to satisfy the minimum threshold limit.
IRPs play a critical role in the insolvency resolution process under IBC. They are responsible for managing the affairs of the company during the insolvency process, preparing a resolution plan, and submitting it to the creditors for their approval.
IBBI published the syllabus of phase 8 of the LIE. The revised syllabus is applicable for the examination to be conducted with effect from 1st July 2023.
Explore the significance of the confidentiality undertaking for the Information Memorandum in corporate insolvency resolution. Learn about the legal framework, sample undertaking, and its implications.
Section 12A of IBC permits withdrawal of applications admitted under sections 7, 9 and 10 of IBC. It permits withdrawal of such applications with approval of 90 percent voting share of CoC in such manner as may be specified.
NCLT Chandigarh held in contract of guarantee, the liability of the principal borrower and guarantor(s) is joint and several. Even if, either the principal borrower or guarantor has been discharged then the other party would not stand discharged automatically till the liability is met out or discharged.
Discover what sets the Insolvency and Bankruptcy Code (IBC) 2016 apart from previous insolvency laws in India. Learn about its organization and time-bound procedures.
The concept of reverse CIRP is not within the ambit of IBC and it is more of a judicial innovation propounded by the Hon’ble NCLAT. The sole purpose of IBC to rehabilitate the corporate debtor by replacing its management through a resolution plan is not fulfilled with the concept of Reverse CIRP.
NCLT Delhi ordered initiation of CIRP as petition filed u/s. 7 of the Insolvency and Bankruptcy Code, 2016 by Financial Creditor is complete in all respect and it is clearly established that the Corporate Debtor is in default of a debt more than the minimum amount stipulated u/s. 4 (1) of the Code
SPS Steels Rolling Mills Limited and Ors. Vs Asansol Durgapur Development Authority and Anr. (Calcutta High Court) Learned Single Judge by the impugned order has reached to the conclusion that the transfer fee was exempted under the resolution plan sanctioned by the National Company Law Tribunal and has found that the demand of the respondent […]
