Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

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, News, Insolvency and Bankruptcy Code

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, News, Insolvency and Bankruptcy Code

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, News, Insolvency and Bankruptcy Code

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, News, Insolvency and Bankruptcy Code

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”

News, Blog, Insolvency and Bankruptcy Code

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, News, Insolvency and Bankruptcy Code

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, News, Insolvency and Bankruptcy Code

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, News, Insolvency and Bankruptcy Code

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”

Blog, News, Insolvency and Bankruptcy Code

May 8, 2023

Penal Interest Aaid as Liquidated Damages for Breach of Contract can’t be Termed as a Financial Debt: NCLAT

Case Details: Budhpur Buildcon (P.) … Continue reading “Penal Interest Aaid as Liquidated Damages for Breach of Contract can’t be Termed as a Financial Debt: NCLAT”