Mar 215 minNew 45-day Payment Rule for MSMEs and the Introduction of Section 43B(h) to the Income Tax ActIntroduction Starting from the fiscal year 2024-25, a new regulation has been implemented for Indian companies regarding the settlement...
Aug 30, 20212 minStakeholders of bankrupt firms should not be guided by individual gains: CEAOn Friday, Chief Economic Advisor Krishnamurthy Subramanian said that stakeholders in insolvent enterprises should make judgments based...
Aug 25, 20212 minDue to a backlog of bankruptcy cases, India is no longer a viable option for dying businessesThere are 27 tribunals are being overseen by 29 judges around the country, which are at least 25 judges short of what is required. Many...
Aug 23, 20212 minHeadless, defunct, without qualified incumbents, Delhi HC laments the delay in filling DRT vacanciesThe Delhi High Court recently chastised the Central Government for taking so long to appoint Presiding Officers to Debts Recovery...
Jul 5, 20212 minBorrower has remedy u/s 17 SARFAESI Act to file an appeal against action taken by secured creditorA Division Bench of the Gauhati High Court Chief Justice Sudhanshu Dhulia and Manash Ranjan Pathak, J. in the case of Kakoti Engineering...
Jun 24, 20213 minSC 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...