IBC 2016 - Page 5

Shareholder Has ‘No Locus Standi’ to Challenge Resolution Plan: NCLAT Chennai

Ramesh Kesavan Vs CA Jasin Jose (NCLAT Chennai)

Explore the NCLAT Chennai judgment on Ramesh Kesavan Vs CA Jasin Jose. CoC's approval of Resolution Plan below Liquidation Value analyzed. Learn about Edelweiss exclusion, valuation concerns, and shareholder locus challenges....

Posted Under: Corporate Law | |

IBBI’s 2024 Amendments for a Smoother Liquidation Journey

Explore IBBI's 2024 Amendments for smoother liquidation journeys. Learn about disclosures, timelines, and stakeholder entitlements....

Posted Under: Corporate Law |

Liquidator acted in undue haste directed to freshly conduct private sale of corporate debtor: NCLT Indore

Hira International Ltd Vs Girdharilal Sugar & Allied Industries Ltd (NCLT Indore)

NCLT Indore held that liquidator who acted in undue haste in conducting private sale of the corporate debtor as a going concern in non-transparent manner is directed freshly conduct of bidding in specified manner....

Posted Under: Corporate Law | |

Filing Application Without Numbering Doesn’t Trigger Interim Moratorium: Kerala HC

Jeny Thankachan Vs Union of India (Kerala High Court)

Explore the Kerala High Courts judgment on Jeny Thankachans plea, challenging the precedence of the Insolvency and Bankruptcy Code over the Securitisation and Reconstruction Act....

IBBI warns IP to ensure strict compliance with regulatory provisions in future assignments

Order No. IBBI/DC/204/2024 05/02/2024

Explore the IBBIs disciplinary action against Ms. Maya Gupta, an Insolvency Professional, for alleged contraventions, submissions, and findings....

IBBI Amends Voluntary Liquidation Regulations 2024: Key Changes

Press Release No. IBBI/PR/2024/06  05/02/2024

Explore the amendments to the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, facilitating stakeholder distribution and process transparency....

Kerala HC Clarifies Commencement Date for Individual or Firm Insolvency under IBC

Kerala High Court provided for date of application for commencement of Individual or firm Insolvency under section 96 of IBC, 2016? Introduction We have been well aware of the facts that the matter relating to Insolvency and Bankruptcy has been governed by the Insolvency and Bankruptcy Code, 2016. The Act has provided for the two [&hellip...

Posted Under: Corporate Law |

Resolution plan meeting requirements of section 30(2) of IBC approved: NCLT Mumbai

S. Gopalakrishnan Vs Satish Damodar Akole &

NCLT Mumbai held that resolution plan of Saturn Rings and Forgings Private Limited submitted by S. Gopalkrishnan meeting the requirements of Section 30(2) of the Insolvency and Bankruptcy Code (IBC) and Regulations 37, 38, 38 (1A) and 39 (4) of the Regulations is approved....

Posted Under: Corporate Law | |

Optionally Convertible Debentures covered within the purview of financial debt

Santosh Kumar Vs ASK Trusteeship Services Private Limited (NCLAT New Delhi)

NCLAT New Delhi held that Optionally Convertible Debentures (OCDs) are the financial debt within the meaning of section 5(8)(c) of the Insolvency and Bankruptcy Code (IBC). Accordingly, application filed u/s. 7 admissible....

Posted Under: Corporate Law | |

IBBI Amends Regulations for Personal Guarantors in Corporate Debtors’ Insolvency & Bankruptcy Processes

Press Release No. IBBI/PR/2024/05 03/02/2024

The Insolvency and Bankruptcy Board of India announces amendments to regulations for personal guarantors to corporate debtors, enhancing coordination and creditor involvement....

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