Apr 113 minHigh Court affirms automatic suspension of Insolvency Professionals during the disciplinary proceedingsMadras High Court held that the automatic suspension of Insolvency Professionals during disciplinary proceedings is fair. The Madras High...
Apr 102 minPayment offered To The Operational Creditor Through Partly Paid Redeemable Preference Shares Is Not In Accordance With Section 30(2)(b)(ii) IBCThe NCLAT observed that the payment offered to the Operational Creditor through partly paid Redeemable Preference shares is not as per...
Apr 103 minNCLAT Rejects Homebuyers' Application For Insolvency Proceedings Against Ansal Hi-Tech Township As It Does Not Meet The Threshold Requirements Of Section 7(1) Of The IBC NCLAT rejects homebuyers' application for insolvency proceedings against Ansal Hi-Tech Township as it does not meet the threshold...
Apr 92 minNew Resolution Applicants Are Not Entitled To Participate In The CIRP And Submit A Resolution Plan Without The Issuance Of Fresh 'Form G'The NCLAT held that the New Resolution Applicants are not entitled to participate in the CIRP and submit a resolution plan without the...
Apr 92 minLegal heirs are not responsible for the partnership firm's debts upon the death of a partner Supreme Court held that the legal heirs of a deceased partner do not become liable for any liability of the firm upon the death of the...