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New 45-day Payment Rule for MSMEs and the Introduction of Section 43B(h) to the Income Tax Act
Introduction Starting from the fiscal year 2024-25, a new regulation has been implemented for Indian companies regarding the settlement...
Mar 21, 20245 min read
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...
Aug 30, 20212 min read
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 25, 20212 min read
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...
Aug 23, 20212 min read
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...
Jul 5, 20212 min read
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, 20213 min read
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