Insolvency and Bankruptcy Code

Blog, Insolvency and Bankruptcy Code, News

December 1, 2023

Simultaneous Winding-up Petitions Can’t Proceed in 2 Forums Transfer to NCLT is Justified as IBC, Aims to Encourage Company Revival | HC

Case Details: Uma Sharma v. … Continue reading “Simultaneous Winding-up Petitions Can’t Proceed in 2 Forums Transfer to NCLT is Justified as IBC, Aims to Encourage Company Revival | HC”

Blog, Insolvency and Bankruptcy Code, News

November 29, 2023

AA Correctly Dismissed Appellant’s Plea to Exclude Plot from Liquidation Estate as it Remained in CD’s Ownership | NCLAT

Case Details: K. Jayant Prabhu … Continue reading “AA Correctly Dismissed Appellant’s Plea to Exclude Plot from Liquidation Estate as it Remained in CD’s Ownership | NCLAT”

Blog, Insolvency and Bankruptcy Code, News

November 24, 2023

Sale of Land by Suspended Director to Defeat Rights of Other Creditors Was Avoidable Transaction Hit By Sec. 43 | NCLT

Case Details: Amazon Enterprises (P.) … Continue reading “Sale of Land by Suspended Director to Defeat Rights of Other Creditors Was Avoidable Transaction Hit By Sec. 43 | NCLT”

Blog, Insolvency and Bankruptcy Code, News

November 21, 2023

Obtaining of MSME Certificate After CIRP Initiation Bars Promoters of CD to Submit Resolution Plan u/s 29A | NCLAT

Case Details: Hari Babu Thota, … Continue reading “Obtaining of MSME Certificate After CIRP Initiation Bars Promoters of CD to Submit Resolution Plan u/s 29A | NCLAT”

Blog, Insolvency and Bankruptcy Code

November 14, 2023

[Analysis] Real Estate Project Insolvency Processes in India – IBBI’s Proposals

Table of Contents RERA Registration … Continue reading “[Analysis] Real Estate Project Insolvency Processes in India – IBBI’s Proposals”

Blog, Insolvency and Bankruptcy Code, News

November 9, 2023

HC Allows Maintenance of Aircraft Until De-registration to Avoid Irreparable Losses Due to Lease Termination

Case Details: Accipiter Investments Aircraft … Continue reading “HC Allows Maintenance of Aircraft Until De-registration to Avoid Irreparable Losses Due to Lease Termination”

Blog, Insolvency and Bankruptcy Code, News

November 8, 2023

Writ to Quash Personal Guarantee Demand Dismissed Due to RP Was Approved and There Was no Art. 14 Violation | HC

Case Details: Vineet Saraf v. … Continue reading “Writ to Quash Personal Guarantee Demand Dismissed Due to RP Was Approved and There Was no Art. 14 Violation | HC”

Blog, Insolvency and Bankruptcy Code, News

November 8, 2023

CIRP Plea Filed u/s 7 Against a Default That Occurred During the Period Excluded u/s 10A Wasn’t Maintainable | NCLAT

Case Details: Vikram Kumar v. … Continue reading “CIRP Plea Filed u/s 7 Against a Default That Occurred During the Period Excluded u/s 10A Wasn’t Maintainable | NCLAT”

Blog, Insolvency and Bankruptcy Code, News

November 8, 2023

IBBI Releases Discussion Paper on Real-estate Related Proposals | Proposes Mandatory Registration of Projects With RERA

IBBI’s discussion paper on ‘Real-Estate … Continue reading “IBBI Releases Discussion Paper on Real-estate Related Proposals | Proposes Mandatory Registration of Projects With RERA”

Blog, Insolvency and Bankruptcy Code, News

November 7, 2023

Non-refund of ‘EMD’ on Rejection of Tender Wouldn’t Amount to Operational Debt; CIRP Rightly Reject | NCLAT

Case Details: Supreme Transport Organization … Continue reading “Non-refund of ‘EMD’ on Rejection of Tender Wouldn’t Amount to Operational Debt; CIRP Rightly Reject | NCLAT”