Insolvency and Bankruptcy Code

News, Blog, Insolvency and Bankruptcy Code

August 17, 2024

IBBI Mandates ‘Information Utilities’ to Verify Key Information Before Issuing a Record of Default in Form D

Notification No. No. IBBI/2024-25/GN/REG114; Dated: … Continue reading “IBBI Mandates ‘Information Utilities’ to Verify Key Information Before Issuing a Record of Default in Form D”

Blog, News, Insolvency and Bankruptcy Code

August 13, 2024

IBBI Mandates Registered Valuers to Provide a ‘Valuation Report Identification Number’ for Each Valuation

Circular No. No. IBBI/RV/75/2024, Dated: … Continue reading “IBBI Mandates Registered Valuers to Provide a ‘Valuation Report Identification Number’ for Each Valuation”

Blog, News, Insolvency and Bankruptcy Code

August 8, 2024

IBBI Issues Guidelines for CoC to Maximize Corporate Debtor’s Asset Value Through Objective Decision-Making

IBBI Guidelines; Dated: 06.08.2024 IBBI … Continue reading “IBBI Issues Guidelines for CoC to Maximize Corporate Debtor’s Asset Value Through Objective Decision-Making”

Blog, News, Insolvency and Bankruptcy Code

August 7, 2024

Creditor’s Partial Recovery From Surety Under an Agreement Doesn’t Extinguish Remaining Debt Owed by Borrower | SC

Case Details: BRS Ventures V. … Continue reading “Creditor’s Partial Recovery From Surety Under an Agreement Doesn’t Extinguish Remaining Debt Owed by Borrower | SC”

News, Blog, Insolvency and Bankruptcy Code

July 31, 2024

SC Dismisses Appeal Against Exclusion of Property from CIRP as CD Had Lost Possessory Rights Before Initiating CIRP

Case Details: Neesa Leisure Ltd. … Continue reading “SC Dismisses Appeal Against Exclusion of Property from CIRP as CD Had Lost Possessory Rights Before Initiating CIRP”

Blog, News, Insolvency and Bankruptcy Code

July 25, 2024

HC Quashes ‘Willful Defaulter Committee’s’ Decision Due to Reliance Solely on Flawed Transaction Audit Report (TAR) | HC

Case Details: Vishambhar Saran v. … Continue reading “HC Quashes ‘Willful Defaulter Committee’s’ Decision Due to Reliance Solely on Flawed Transaction Audit Report (TAR) | HC”

Blog, News, Insolvency and Bankruptcy Code

July 24, 2024

NCLAT Rightly Upheld AA’s Order Refusing Substitution of Resolution Applicant as Appellant’s RP Was Already Approved | SC

Case Details: UV Asset Reconstruction … Continue reading “NCLAT Rightly Upheld AA’s Order Refusing Substitution of Resolution Applicant as Appellant’s RP Was Already Approved | SC”

Blog, News, Insolvency and Bankruptcy Code

July 24, 2024

AA Rightly Rejected Sec 7 Plea From Home Buyers for Failing to Meet Required Allottees Threshold | NCLAT

Case Details: Pankaj Mehta v. … Continue reading “AA Rightly Rejected Sec 7 Plea From Home Buyers for Failing to Meet Required Allottees Threshold | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

July 16, 2024

Unpaid Rental Dues and GST by CD Under Lease Deed Treated as Operational Debt u/s 5(21) of IBC | NCLAT

Case Details: Vaibhav Aggarwal v. … Continue reading “Unpaid Rental Dues and GST by CD Under Lease Deed Treated as Operational Debt u/s 5(21) of IBC | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

July 15, 2024

AA Rightly Approved Resolution Plan of SRA, Affirming CoC’s Unanimous Commercial Decision and Viability Assessment | NCLAT

Case Details: Madhukar Shetty Ex-Director … Continue reading “AA Rightly Approved Resolution Plan of SRA, Affirming CoC’s Unanimous Commercial Decision and Viability Assessment | NCLAT”