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

Aug 30
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
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 22
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
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
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