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    Stakeholders of bankrupt firms should not be guided by individual gains: CEA
    • Aug 30, 2021
    • 2 min

    Stakeholders of bankrupt firms should not be guided by individual gains: CEA

    On Friday, Chief Economic Advisor Krishnamurthy Subramanian said that stakeholders in insolvent enterprises should make judgments based...
    Due to a backlog of bankruptcy cases, India is no longer a viable option for dying businesses
    • Aug 25, 2021
    • 2 min

    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...
    Headless, defunct, without qualified incumbents, Delhi HC laments the delay in filling DRT vacancies
    • Aug 23, 2021
    • 2 min

    Headless, defunct, without qualified incumbents, Delhi HC laments the delay in filling DRT vacancies

    The Delhi High Court recently chastised the Central Government for taking so long to appoint Presiding Officers to Debts Recovery...
    Borrower has remedy u/s 17 SARFAESI Act to file an appeal against action taken by secured creditor
    • Jul 5, 2021
    • 2 min

    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...
    SC upholds Centre’s Notification enforcing IBC provisions to the insolvency of personal guarantors
    • 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...
    Moratorium under IBC: Its effect on parallel proceedings
    • 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,...
    REEDLAW IBC Newsletter  |  14 - 20 June 2021
    • 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.
    DRT cannot adjudicate civil rights claimed vis-a-vis security rights outside S.13&17 of SARFAESI Act
    • Jun 9, 2021
    • 4 min

    DRT cannot adjudicate civil rights claimed vis-a-vis security rights outside S.13&17 of SARFAESI Act

    A Division Bench of the Hon’ble Bombay High Court (Nagpur Bench) comprising Justices Sunil B. Shukre and Avinash G. Gharote in the matter...
    Auction purchaser liable to discharge outstanding statutory dues on a property under SARFAESI Act
    • Jun 5, 2021
    • 3 min

    Auction purchaser liable to discharge outstanding statutory dues on a property under SARFAESI Act

    A Division Bench of the Bombay High Court comprising Justices Sunil B. Shukre and Avinash G. Gharote in the matter of Medineutrina Pvt....
    Insolvency Professionals to act as IRPs, Liquidators, RPs & BTs (Recommendation) Guidelines, 2021
    • Jun 2, 2021
    • 8 min

    Insolvency Professionals to act as IRPs, Liquidators, RPs & BTs (Recommendation) Guidelines, 2021

    The Insolvency and Bankruptcy Board of India (IBBI) releases the "Insolvency Professionals to act as Interim Resolution Professionals,...
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