Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

August 22, 2023

IP Served SCN for His Inaction in Dissolving CD Even When There Were Insufficient Assets to Cover Liquidation Cost | IBBI

Case Details: Ms. Sonu Jain, … Continue reading “IP Served SCN for His Inaction in Dissolving CD Even When There Were Insufficient Assets to Cover Liquidation Cost | IBBI”

Blog, News, Insolvency and Bankruptcy Code

August 22, 2023

NCLT Rightly Declared Entries of Financials as Fraudulent Since Directors Failed to Explain | NCLAT

Case Details: Shibu Job Cheeran … Continue reading “NCLT Rightly Declared Entries of Financials as Fraudulent Since Directors Failed to Explain | NCLAT”

News, Blog, Insolvency and Bankruptcy Code

August 16, 2023

Appellant’s Claim Deferred Until Corporate Debtor’s Counterclaim Determination: NCLAT

Case Details: Anheuser Busch Inbev … Continue reading “Appellant’s Claim Deferred Until Corporate Debtor’s Counterclaim Determination: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

August 10, 2023

Upon Transfer of Winding up Petition from HC to NCLT, NCLT Shall Deal With it as an Application for Initiation of CIRP | HC

Case Details: Ultratech Cement Ltd. … Continue reading “Upon Transfer of Winding up Petition from HC to NCLT, NCLT Shall Deal With it as an Application for Initiation of CIRP | HC”

Blog, News, Insolvency and Bankruptcy Code

August 9, 2023

RP’s Request to Restrain ED’s Lease Collection Quashed for Suppressing Fact that ED’s had Physical Possession of Property

Case Details: KSL & Industries … Continue reading “RP’s Request to Restrain ED’s Lease Collection Quashed for Suppressing Fact that ED’s had Physical Possession of Property”

Blog, Insolvency and Bankruptcy Code

August 9, 2023

Insolvency vs. Bankruptcy vs. Liquidation – Intro to IBC 2016 & Key Definitions

Table of Contents Insolvency V. … Continue reading “Insolvency vs. Bankruptcy vs. Liquidation – Intro to IBC 2016 & Key Definitions”

News, Blog, Insolvency and Bankruptcy Code

August 8, 2023

OC’s Claim Based on an Unquashed or Unstayed Arbitration Award Requires RP Approval | NCLAT

Case Details: Kanoria Chemical & … Continue reading “OC’s Claim Based on an Unquashed or Unstayed Arbitration Award Requires RP Approval | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

August 2, 2023

Single Judge’s Direction Restraining Appellant from Invoking Guarantee Overturned as he wasn’t Aware of Prior Encashment | HC

Case Details: Power Grid Corporation … Continue reading “Single Judge’s Direction Restraining Appellant from Invoking Guarantee Overturned as he wasn’t Aware of Prior Encashment | HC”

Blog, News, Insolvency and Bankruptcy Code

August 1, 2023

AA Rightly Rejected CoC’s Decision to Liquidate CD After Preparation of IM, as it is Beyond the CoC’s Power | NCLAT

Case Details: Hero Fincorp Ltd. … Continue reading “AA Rightly Rejected CoC’s Decision to Liquidate CD After Preparation of IM, as it is Beyond the CoC’s Power | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

July 31, 2023

NCLT Rightly Rejected CIRP Plea of OC as There was a Pre-existing Dispute Between the Parties | NCLT

Case Details: Law & Kenneth … Continue reading “NCLT Rightly Rejected CIRP Plea of OC as There was a Pre-existing Dispute Between the Parties | NCLT”