Corporate Law : Explore the impact of Section 29A of the Insolvency and Bankruptcy Code, 2016, its retrospective application, and its effects on v...
Corporate Law : Explore how tax-related challenges hinder the Insolvency and Bankruptcy Code's effectiveness. Learn about unresolved tax burdens, ...
Corporate Law : Explore the evolution of corporate insolvency laws pre and post the pandemic. Learn about the challenges faced, judicial interpret...
Corporate Law : Understand bankruptcy orders – legal declarations indicating financial inability to repay debts. Learn implications, initiation,...
Corporate Law : Cross-border insolvency can be construed as those insolvency matters where a debtor who has declared himself to be as insolvent ha...
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 : Learn about amendments to IBBI Regulations & their effects on insolvency resolution process with Discussion Paper on IBBI (IRPC) R...
Corporate Law : Explore the intricacies of the Arunkumar Jayantilal Muchhala vs Awaita Properties Pvt. Ltd. case from NCLAT Delhi. Dive into the d...
Corporate Law : Detailed analysis of NCLAT's decision in Mukund Rajhans vs Rajasthan Patrika regarding CIRP initiation under Section 9 of IBC for ...
Corporate Law : NCLAT Delhi held that as creation of security interest on the assets of Corporate Debtor not proved by any documents, Resolution P...
Corporate Law : Analysis of Ashok Kumar Gulla vs State Bank of India case on payment of liquidator fees under Regulation 4(2)(b) of Liquidation Pr...
Corporate Law : NCLAT Delhi ruling on Adisri Commercial Pvt. Ltd. Vs RBI & Ors. : Recall applications filed by Appellant are nothing but applicati...
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...
Corporate Law : Read about the case involving Chetan Patel, an Insolvency Professional, with detailed analysis of alleged contraventions and submi...
The Code casts important duties on a resolution professional to carry on the business of the corporate debtor during the insolvency resolution process and to resolve the corporate debtor in accordance with the provisions of the Code. The Resolution Professional can also appoint such professionals as he deems necessary for this purpose. The Code also […]
In exercise of powers conferred vide notification of Central Government no. GSR 1316(E) dated 18.10.2017 under Section 458 of the Companies Act, 2013 and in pursuance of rule 15 and rule 17 of the Valuation Rules IBBI hereby directs that RBSA Valuation Advisors LLP having registration number IBBI/RV-E/05/2019/110 shall not seek or accept any assignment […]
HC quashed assessment order and consequential recovery notice issued by Revenue Department on the grounds that no opportunity of hearing was afforded to assessee and contentions of assessee were also not considered, thus same was a violation of principles of natural justice.
Once the Resolution plan has been approved by the Hon’ble NCLT pursuant to section 31 of IBC Code, 2016 then new management i.e. Resolution Applicant is in charge of control of the corporate debtor from the date of approval of the Resolution Plan.
How Insolvency and Bankruptcy Code (IBC) and SARFEASI are impacting in recovery of stressed assets? General idea, we all possess is that the role of ARC, established under SARFEASI to primarily resolve the issue of NPA/Bad Loan.
Numerous appeals IBC get rejected by NCLAT on the grounds of them being time-barred. NCLAT articulates that it lacks the power to allow appeals filed after 45 days from the ‘date of the order’ of the Adjudicating Authority.
Mr. Anurag Kumar Sinha has erred in his judgement in placing a noncompliant resolution plan for the consideration of the CoC. Further, despite being noncompliant plan, it was passed and placed for AA’s approval. AA has strongly commented on the issue in its judgement pointing out the mistake of the resolution professional and the CoC […]
Stay up to date with the latest case law related to IBC in October, November and December 2022. Supreme Court finds OCs cannot enforce CIRP prematurely. AA must investigate plausible disputes, not feeble arguments.
IBC was designed to overhaul India’s outdated insolvency and bankruptcy laws and to provide a more efficient & effective system for resolving insolvency.
The DC notes that Mr. Viswanathan Sankaran was present before the AA on 17.09.2021 while order for conducting CoC meeting by next week was passed. Hence it may be said that he was aware of direction by the AA. The DC further notes that representative of Canara Bank vide email dated 07.10.2021 requested to prepone […]
