Borrower has remedy u/s 17 SARFAESI Act to file an appeal against action taken by secured creditor
A Division Bench of the Gauhati High Court Chief Justice Sudhanshu Dhulia and Manash Ranjan Pathak, J. in the case of Kakoti Engineering...
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Jun 24, 20213 min
SC upholds Centre’s Notification enforcing IBC provisions to the insolvency of personal guarantors
A Division Bench of the Hon’ble Supreme Court comprising Justices L. Nageswara Rao and S. Ravindra Bhat in Lalit Kumar Jain v. Union of...
Jun 24, 20219 min
Initiation of Corporate Insolvency Resolution Process (CIRP) under IBC – A step by step guide
The Insolvency and Bankruptcy Code, 2016 is an attempt to reform the Corporate Insolvency Resolution Process by allowing faster...
Jun 23, 20214 min
The resolution process may be jeopardised if new claims pop-up
The matter of Harish Polymer Product v. George Samuel and Another, REED 2021 NCLAT Del 06564, was heard in the National Company Law...
Jun 21, 20218 min
Moratorium under IBC: Its effect on parallel proceedings
The moratorium under the Insolvency and Bankruptcy Code, 2016 (IBC) means a period wherein no judicial proceedings for recovery,...
Jun 18, 20214 min
NCLT Mumbai raises doubt over the confidentiality of liquidation value of Videocon group companies
A two-member bench of the National Company Law Tribunal, Mumbai (NCLT) comprising members H. P. Chaturvedi, Judicial Member and Ravikumar...
Jun 16, 20213 min
Ineligibility under section 29A of IBC attaches at a time when the Resolution Plan is submitted
The Bench of Hon’ble National Company Law Appellate Tribunal, New Delhi comprising officiating Chairperson Justice A.I.S. Cheema and the...
Jun 15, 20215 min
Cryptocurrency: An Investment - Unstable, but Rewarding?
With the industrialization and increased use of technology, digital currencies are gaining an upper hand in comparison to the others. An...
Jun 15, 20212 min
PNB to remit amount back to Corporate Debtor as the same debited to settle liability qua facilities
The Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi in a matter, upheld the order of the National Company Law Tribunal...
Jun 14, 20214 min
SC rules Moratorium u/s 14 of IBC covers proceedings initiated against corporate debtor u/s NI Act
A Full Bench of the Hon’ble Supreme Court comprising Justices R.F. Nariman, Navin Sinha, and K.M. Joseph, held that proceeding under...
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