Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

July 2, 2023

NCLT can Proceed with CIRP Based on Evidence of Default without Investigating Reasons

Case Details: State Bank of … Continue reading “NCLT can Proceed with CIRP Based on Evidence of Default without Investigating Reasons”

Blog, News, Insolvency and Bankruptcy Code

July 2, 2023

Order Admitting CIRP by NCLT Mumbai Against CD with Registered Office in Chandigarh was Set Aside: NCLAT

Case Details: Ankit Miglani v. … Continue reading “Order Admitting CIRP by NCLT Mumbai Against CD with Registered Office in Chandigarh was Set Aside: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

June 26, 2023

NCLAT Nullifies AA’s Order for Incomplete Addressing of Objections in CIRP Admission, Finding it Cryptic & Unsustainable

Case Details: Rupesh Anand v. … Continue reading “NCLAT Nullifies AA’s Order for Incomplete Addressing of Objections in CIRP Admission, Finding it Cryptic & Unsustainable”

Blog, News, Insolvency and Bankruptcy Code

June 26, 2023

CIRP u/s 9 Rejected Due to Architect Engaging Another Entity for Delayed Project, Considered a Pre-existing Dispute

Case Details: R.K. & Associates … Continue reading “CIRP u/s 9 Rejected Due to Architect Engaging Another Entity for Delayed Project, Considered a Pre-existing Dispute”

News, Blog, Insolvency and Bankruptcy Code

June 22, 2023

Sec. 8 Notice not Required if Statutory Notice in Winding up Petition Served for Plea u/s 9: NCLAT

Case Details: Rajeev Srivastva v. … Continue reading “Sec. 8 Notice not Required if Statutory Notice in Winding up Petition Served for Plea u/s 9: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

June 20, 2023

Section 14 Prohibits Appeal Against Decrees During CIRP Proceedings: HC

Case Details: G.K. Ispat (P.) … Continue reading “Section 14 Prohibits Appeal Against Decrees During CIRP Proceedings: HC”

Blog, News, Insolvency and Bankruptcy Code

June 19, 2023

NCLT Violated Sec. 14(1)(d) by Ordering Rental Payment During Moratorium

Case Details: Supriyo Kumar Chaudhuri, … Continue reading “NCLT Violated Sec. 14(1)(d) by Ordering Rental Payment During Moratorium”

Blog, News, Insolvency and Bankruptcy Code

June 17, 2023

SC Dismisses Petitioner’s SLP Against Respondent’s Bail Extension Citing Lack of Locus in the Matter

Case Details: Gluckrich Capital (P.) … Continue reading “SC Dismisses Petitioner’s SLP Against Respondent’s Bail Extension Citing Lack of Locus in the Matter”

Blog, News, Insolvency and Bankruptcy Code

June 17, 2023

MCA Excludes Certain Transactions/Contracts from the Purview of Moratorium under IBC

MCA Notification F. No. Insol-30/1/2023, … Continue reading “MCA Excludes Certain Transactions/Contracts from the Purview of Moratorium under IBC”

Blog, News, Insolvency and Bankruptcy Code

June 16, 2023

Sec. 238 of IBC Prevails over SARFAESI, AA Erred in Rejecting RP for Lacking RBI’s Approval u/s 10(2) SARFAESI: NCLAT

Case Details: Puissant Towers India … Continue reading “Sec. 238 of IBC Prevails over SARFAESI, AA Erred in Rejecting RP for Lacking RBI’s Approval u/s 10(2) SARFAESI: NCLAT”