Due to a backlog of bankruptcy cases, India is no longer a viable option for dying businesses
There are 27 tribunals are being overseen by 29 judges around the country, which are at least 25 judges short of what is required. Many...
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- Jun 24, 2021
- 3 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, 2021
- 9 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, 2021
- 4 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, 2021
- 8 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 20, 2021
- 1 min
REEDLAW IBC Newsletter | 14 - 20 June 2021
IBC Newsletter is an initiative by REEDLAW to provide the latest weekly updates on Insolvency, Bankruptcy and Banking laws to its readers.
- Jun 18, 2021
- 4 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, 2021
- 3 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, 2021
- 2 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, 2021
- 4 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...