Insolvency and Bankruptcy Code

Blog, Insolvency and Bankruptcy Code, News

June 5, 2023

AA’s Order Allowing Lessor’s Recovery from RP During Moratorium Deemed Illegal & Set Aside u/s 14(1)(d)

Case Details: Sunil Kumar Agrawal … Continue reading “AA’s Order Allowing Lessor’s Recovery from RP During Moratorium Deemed Illegal & Set Aside u/s 14(1)(d)”

Blog, Insolvency and Bankruptcy Code, News

May 30, 2023

A RP Approved by CoC with Majority Votes can’t Extinguish Liabilities of Personal Guarantors: NCLT

Case Details: Naveen Kumar Sood … Continue reading “A RP Approved by CoC with Majority Votes can’t Extinguish Liabilities of Personal Guarantors: NCLT”

Blog, Insolvency and Bankruptcy Code, News

May 26, 2023

NCLT Dismissed Appellant’s Guarantee Claim During CIRP Due to the Moratorium Period: NCLAT

Case Details: IDBI Trusteeship Services … Continue reading “NCLT Dismissed Appellant’s Guarantee Claim During CIRP Due to the Moratorium Period: NCLAT”

Blog, Insolvency and Bankruptcy Code, News

May 19, 2023

MD of a Successful Resolution Applicant being an Ex-independent Director of NPA-Co. was not Ineligible u/s 29A

Case Details: Jindal Steel & … Continue reading “MD of a Successful Resolution Applicant being an Ex-independent Director of NPA-Co. was not Ineligible u/s 29A”

Blog, Insolvency and Bankruptcy Code, News

May 18, 2023

CIRP Plea u/s 7 wasn’t Time-barred when Limitation was Extended by OTS Proposal Submitted by CD: HC

Case Details: M.Seshavatharam v. National … Continue reading “CIRP Plea u/s 7 wasn’t Time-barred when Limitation was Extended by OTS Proposal Submitted by CD: HC”

Blog, Insolvency and Bankruptcy Code, News

May 17, 2023

Successful Resolution Applicant Must Pay Full PF & Gratuity to Employees till Date of Commencement of Insolvency: SC

Case Details: Jalan Fritsch Consortium … Continue reading “Successful Resolution Applicant Must Pay Full PF & Gratuity to Employees till Date of Commencement of Insolvency: SC”

Blog, Insolvency and Bankruptcy Code, News

May 15, 2023

NCLT Rightly Invokes Inherent Jurisdiction to Replace RP for Failure to Adhere to Timelines and to Convene CoC Meeting: NCLAT

Case details: Srigopal Choudary Resolution … Continue reading “NCLT Rightly Invokes Inherent Jurisdiction to Replace RP for Failure to Adhere to Timelines and to Convene CoC Meeting: NCLAT”

Blog, Insolvency and Bankruptcy Code, News

May 15, 2023

Appeal against NCLT’s Order Rejected as Appellant-Director Disregarded HC’s Direction to File an Appeal within 2 Weeks

Case Details: M.K. Resely v. … Continue reading “Appeal against NCLT’s Order Rejected as Appellant-Director Disregarded HC’s Direction to File an Appeal within 2 Weeks”

Blog, Insolvency and Bankruptcy Code, News

May 9, 2023

IRP Fee was to be Reduced as CIRP Proceedings Stonewalled Amid Lockdown Difficulties: NCLAT

Case Details:  Shri Guru Containers … Continue reading “IRP Fee was to be Reduced as CIRP Proceedings Stonewalled Amid Lockdown Difficulties: NCLAT”

Blog, Insolvency and Bankruptcy Code, News

May 8, 2023

IBBI Invites Public Comments on the Regulations Notified under the Code Till Date

Press Release No. IBBI/PR/2023/05, Dated … Continue reading “IBBI Invites Public Comments on the Regulations Notified under the Code Till Date”