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LATEST NEWS ON INSOLVENCY LAW

Every effort to be made to revive the Corporate Debtor, liquidation should be the last resort: NCLAT

Feb 17, 2023

IBBI announces final panel of Insolvency Professionals for the period of 1 January to 30 June 2023

Feb 16, 2023

NCLAT New Delhi dismisses the appeal filed by the IBBI as it is misconceived and not maintainable

Feb 10, 2023

Section 9 Application cannot be accepted if the dispute raised by the CD is not a moonshine dispute

Feb 1, 2023

National Company Law Tribunal prescribes Dress Code for the Court's members and practitioners

Feb 1, 2023

Any letter by the CD mentioning dues of loan amount has to be treated as an acknowledgement of dues

Feb 1, 2023

There should be a cadre of insolvency professionals so that they are accountable to a body

Jan 24, 2023

Insolvency and Bankruptcy Board of India organises an Insolvency Professionals Conclave in Chennai

Jan 20, 2023

An approved scheme of merger has statutory force and binding on all stakeholders including creditors

Jan 19, 2023

MOST VIEWED

Jun 17, 2021

Government extends date of validity of existing MSMEs vide Notification S.O. 2347(E) Dated 16-6-2021

In exercise of the powers conferred by sub-sections (1) and (9) of section 7 read with sub-sections (2) and (3) of section 8 of the...

Mar 15, 2021

IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2021

Insolvency and Bankruptcy Board of India notifies the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for...

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ARTICLES

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Nov 19, 2021

Effect of Moratorium on Arbitration Proceedings

Insolvency and Bankruptcy Code, 2016 (IBC/Code) which received presidential assent on 25th May, ...

REEDLAW

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Sep 3, 2021

Section 7 Application of IBC cannot be allowed if Petition filed collusively

Section 7: Initiation of corporate insolvency resolution process by the financial creditor:
7. (1) A financial creditor either by itself or jointly with [other financial ...

K. Bavana

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Sep 3, 2021

Role of Banking Ombudsman in India - An Analysis

The best quality of service supplied to a customer is currently the most significant thing to consider in the banking system. If the customer service offered meets the cl...

REEDLAW

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Sep 1, 2021

"Preferential Transaction" and "Relevant Time" under Section 43 of IBC

The present Appeal was filed challenging the Impugned Order dated 26.02.2021 passed by the Adjudicating Authority (National Company Law Tribunal, Division Bench-I, Chenna...

R. Haritha

LATEST CASE LAWS

Supreme Court

High Court

NCLAT

The Supreme Court observed that the High Court has left the question of unjust enrichment open and no final adjudication/determination had taken place on unjust enrichment, and at this stage, present Special Leave Petition cannot be entertained....

Tata Steel Limited v. The State of Uttar Pradesh and Others

December 5, 2022

REED 2022 SC 12514

High Court in exercise of powers under Article 227 of the Constitution of India and in a writ petition filed by the Debts Recovery Tribunal Bar Association, has restrained the Judicial Member of the Tribunal from passing any adverse orders in any of the cases (OAs or SAs) pending before him of which he is the Presiding Officer.
Learned Senior Advocate, appearing on behalf of the original writ petitioner-Bar Association has fairly conceded that, let the concerned Judicial Member of the Tribunal proceed further with the hearing of the cases and decide the same on merits and the me...

M.M. Dhonchak v. Debts Recovery Tribunal Bar Association and Others

December 2, 2022

REED 2022 SC 12202

In the present case, the petitioner has filed the suit prior to the appointment of the Liquidator but after the appointment of the Liquidator, the petitioner has filed his claim of Rs.14,47,32,521/- against the respondent before the Liquidator in the form prescribed under the I&B Code, 2016.
The High Court noted that the NCLTs and the NCLATs are constituted under Sections 408 and 410 of the Companies Act, 2013 but without specifically defining the power and functions of the NCLT. Section 408 of the Companies Act states that the Central Government shall constitute a National Comp...

Alliance Broadband Services Private Limited v. Manthan Broadband Services Private Limited (In Liqn.)

December 19, 2022

REED 2022 Cal 12573

The Appellate Authority observed that the opportunity for the Resolution Professional and the CoC has to be a time-bound opportunity to make one more effort to revive the Corporate Debtor, as the liquidation being Company Appeal as the last resort....

Govind Prasad Todi and Another v. Satya Narayan Guddeti and Others

February 14, 2023

REED 2023 NCLAT Del 02542

LATEST CIRCULARS & NOTIFICATIONS

Insolvency and Bankruptcy Board of India

Notification No. IBBI/LIQ/57/2022

December 21, 2022

Circular

Insolvency and Bankruptcy Board of India

Circular No. IBBI/IP/55/2022

November 9, 2022

Circular

Insolvency and Bankruptcy Board of India

Circular No. IBBI/IPA/54/2022

November 2, 2022

Circular

Insolvency and Bankruptcy Board of India

Notification No. IBBI/2022-23/GN/REG101

October 31, 2022

Notification

IBC REPORTER

2021 Subscription

 India's Leading Monthly Journal For Insolvency Law Practitioners 

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