Company Law : Explore four legal methods to voluntarily wind up a private company in India, including summary winding up, strike-off, and liquid...
Corporate Law : Liability pertaining to personal guarantors under IBC, 2016 has evolved significantly with legal framework extending its reach to ...
Corporate Law : There’s a lack of real space to unpack the inappropriateness of certain aspects of IBBI’s 2025 reforms is difficult: the refor...
Corporate Law : Learn how secured creditors can relinquish or realize their security interest during liquidation under IBC, including timelines an...
Corporate Law : The initiation of Corporate Insolvency Resolution Process (CIRP) under Sections 7-10 of the IBC involves different creditors and p...
Corporate Law : IBBI's First Appellate Authority dismisses Ravinder Aggarwal's RTI appeal seeking details on MSA Developers' resolution plan imple...
Corporate Law : India's IBC shows significant recovery rates. 8,000+ CIRPs initiated, with 3,485 debtors rescued. Learn about amendments & reforms...
Corporate Law : Overview of IBC 2016's impact, amendments, and government's stance on further changes, including flat registration in insolvency c...
Corporate Law : Clarification on share certificate claims under Rs. 5 lakh, legal heir acceptance, and applicant authenticity measures by the Inve...
Corporate Law : Government clarifies the status of Barshi Textile Mills under IBC 2016, addressing worker payments, company status, and cooperativ...
Corporate Law : NCLT Mumbai rejects Parekh Aluminex liquidator's request for private sale of asset significantly below reserve price. Orders Swiss...
Corporate Law : Bombay High Court held that mere delay in filing application for recall or review, not involving latches, acquiescence or estoppel...
Corporate Law : Anup Kumar Singh Vs Union of India & others (Calcutta High Court) Calcutta High Court held that issuance of provisional seizur...
Corporate Law : NCLAT Chennai rejects M.K. Rajagopalan's appeal against the approval of S. Rajendran's resolution plan for Vasan Health Care, citi...
Corporate Law : NCLT rejects CIRP Initiation as Notice sent to incorrect address, default amounts falling within the Section 10-A period, the inco...
Corporate Law : IBBI Appellate Authority upholds 6-month suspension of Registered Valuer Nitin Ashok Garg, citing deficiencies in his liquidation ...
Corporate Law : BBI suspends IP Vikas Prakash Gupta for one year for receiving fees designated for a separate support agency, violating transparen...
Corporate Law : IBBI DC warns IP Kushvinder Singhal for modifying a lease without prior CoC approval in Startlit Powers CIRP, citing procedural la...
Corporate Law : Information Commission disposes of an appeal regarding delayed RTI response from CPIO, emphasizing adherence to statutory timeline...
Corporate Law : IBBI disciplinary order suspends IP Jitendrakumar Yadav for 1 year for IBC violations in Dilip Chhabria & Maha Urja cases, citing ...
IBBI’s First Appellate Authority dismisses Neeraj Gutgutia’s RTI appeal regarding e-auction eligibility and eBKray’s rights, citing information nature.
On pursuits by the resolution professional the earlier notices issued by the Respondent Authority in regard to the Hotel were provided and ascertained the details of the arrears of tax to be paid by the Corporate Debtor.
A Rajendra Vs Gonugunta Madhusudhan Rao & Ors (Supreme Court of India) The Supreme Court of India has upheld an order by the National Company Law Appellate Tribunal (NCLAT), dismissing appeals filed by A Rajendra, a shareholder and suspended Managing Director of Dharti Dredging and Infrastructure Limited (Corporate Debtor). The NCLAT had dismissed the appeals […]
NCLAT Delhi held that lease hold rights are assets of Corporate Debtor hence termination of the same by GIDC is in violation of section 14 of the Insolvency and Bankruptcy Code, 2016. Thus, appeal filed by Resolution Professional deserves to be allowed.
IBBI’s First Appellate Authority dismisses multiple appeals by Shashi Agarwal, citing abuse of RTI Act through repetitive and frivolous queries.
NCLT Mumbai approved resolution plan of Corporate Debtor [Cane Agro Energy (India) Ltd] as submitted by resolution applicant [M/s. Raigaon Sugar & Power Ltd.] as resolution plan meets requirements of section 30(2) of the Insolvency and Bankruptcy Code.
NCLT Chandigarh held that since resolution plan in respect of Nav Jyoti Agro Foods Private Limited meets requirement of section 30(2) of the Insolvency and Bankruptcy Code, 2016 the same stands approved as filed by the resolution professional.
The Adjudicating Authority by the impugned order rejected MA No.03 of 2023. The Adjudicating Authority held that non-compliance by the Appellant of Regulation 21A, sub-regulation (2), the assets of Haldia Unit has become the Liquidation Estate of the CD.
The Respondent had preferred applicaton under Section 66 of the Code wherein Respondent Nos. 1-2 are the suspended directors and the Nos. 3-5 are promoters qua the CD and the Applicants herein are arrayed as Respondents No. 6-9.
NCLT Mumbai held that the Advance received by the Corporate Debtor against future supply of goods is an Operational Debt. Petition u/s. 9 of Insolvency and Bankruptcy Code admitted since Corporate Debtor failed to pay operational debt.
