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...
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- 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...
- 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...
- 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...
- 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 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 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...
- 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....
- 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,...