Insolvency and Bankruptcy Code

News, Blog, Insolvency and Bankruptcy Code

January 17, 2025

CIRP Against the Principal Borrower is a Prerequisite for Initiating Insolvency Proceedings Against Personal Guarantors

Case Details: UCO Bank v. … Continue reading “CIRP Against the Principal Borrower is a Prerequisite for Initiating Insolvency Proceedings Against Personal Guarantors”

Blog, News, Insolvency and Bankruptcy Code

January 15, 2025

IBBI Mandates Exclusive Use of ‘eBKray Auction Platform’ to Conduct Auctions for Sale of Assets During Liquidation Process

Circular no. IBBI/LIQ/81/2025; Dated: 10.01.2025 … Continue reading “IBBI Mandates Exclusive Use of ‘eBKray Auction Platform’ to Conduct Auctions for Sale of Assets During Liquidation Process”

Blog, News, Insolvency and Bankruptcy Code

January 14, 2025

IBBI Extends the Due Date for Filing Liquidation and Voluntary Liquidation Forms Till 31.03.2025

Circular no. IBBI/LIQ/80/2024; Dated: 09.01.2025 … Continue reading “IBBI Extends the Due Date for Filing Liquidation and Voluntary Liquidation Forms Till 31.03.2025”

News, Blog, Insolvency and Bankruptcy Code

January 13, 2025

Initiation of Reassessment Proceedings After Exclusion in NCLT-Approved Plan Was Without Jurisdiction & Arbitrary | HC

Case Details: McNally Bharat Engineering … Continue reading “Initiation of Reassessment Proceedings After Exclusion in NCLT-Approved Plan Was Without Jurisdiction & Arbitrary | HC”

Blog, News, Insolvency and Bankruptcy Code

January 13, 2025

Application for Withdrawal U/S 12A Must Be Filed by Applicant Who Initiated CIRP by Filing Under Sections 7, 9, or 10 | NCLAT

Case Details: JoinUp Corporation v. … Continue reading “Application for Withdrawal U/S 12A Must Be Filed by Applicant Who Initiated CIRP by Filing Under Sections 7, 9, or 10 | NCLAT”

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January 10, 2025

HC Erred in Entertaining Delayed Writ Petition Seeking to Quash CoC Minutes Approving Appellant’s Resolution Plan | SC

Case Details: Mohammed Enterprises (Tanzania) … Continue reading “HC Erred in Entertaining Delayed Writ Petition Seeking to Quash CoC Minutes Approving Appellant’s Resolution Plan | SC”

Blog, News, Insolvency and Bankruptcy Code

January 2, 2025

Personal Guarantor’s Acknowledgment of Default Justifies Creditor’s Sec. 95 Plea for Insolvency Process Initiation | NCLT

Case Details: State Bank of … Continue reading “Personal Guarantor’s Acknowledgment of Default Justifies Creditor’s Sec. 95 Plea for Insolvency Process Initiation | NCLT”

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December 26, 2024

NCLT Rejected Re-Filing of Insolvency Petition by FC, as AA Did Not Allow Re-Filing Post-Settlement Failure

Case Details: Subham Capital (P.) … Continue reading “NCLT Rejected Re-Filing of Insolvency Petition by FC, as AA Did Not Allow Re-Filing Post-Settlement Failure”

Blog, News, Insolvency and Bankruptcy Code

December 26, 2024

Arbitrator to Assess CIRP Plan’s Effect on Applicant’s Claim, as CIRP Was Approved During Arbitration Pendency | HC

Case Details: PME Power Solutions … Continue reading “Arbitrator to Assess CIRP Plan’s Effect on Applicant’s Claim, as CIRP Was Approved During Arbitration Pendency | HC”

Blog, News, Insolvency and Bankruptcy Code

December 26, 2024

NCLAT Set Aside AA’s Dissolution Order as No Assets Existed for Liquidation

Case Details: Janak Jagjivan Shah … Continue reading “NCLAT Set Aside AA’s Dissolution Order as No Assets Existed for Liquidation”