Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

November 22, 2022

Appeal by unsuccessful resolution applicant against RP approved by CoC with 100% voting was to be rejected

Case Details: PNC Infratech Ltd. … Continue reading “Appeal by unsuccessful resolution applicant against RP approved by CoC with 100% voting was to be rejected”

Blog, News, Insolvency and Bankruptcy Code

November 14, 2022

Mere security of interest created by mortgage doesn’t constitute a financial debt: NCLAT

Case Details: Doha Bank Q.P.S.C … Continue reading “Mere security of interest created by mortgage doesn’t constitute a financial debt: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

November 10, 2022

Conduct of IRP was deprecatory as he continued with CIRP without seeking NCLT’s clarification: NCLAT

Case Details: Alok Kaushik Erstwhile … Continue reading “Conduct of IRP was deprecatory as he continued with CIRP without seeking NCLT’s clarification: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

November 10, 2022

New electricity connections couldn’t be refused to a successful applicant when past dues were extinguished

Case Details: NRC Ltd. v. … Continue reading “New electricity connections couldn’t be refused to a successful applicant when past dues were extinguished”

Blog, News, Insolvency and Bankruptcy Code

November 9, 2022

Interim moratorium u/s 96 of IBC in respect of Guarantors wouldn’t ipso facto apply against other co-guarantor(s): Delhi HC

Case Details: Axis Trustee Services … Continue reading “Interim moratorium u/s 96 of IBC in respect of Guarantors wouldn’t ipso facto apply against other co-guarantor(s): Delhi HC”

Blog, News, Insolvency and Bankruptcy Code

November 7, 2022

A personal guarantor to CD can’t escape from his liability even after obtaining citizenship of a foreign country: NCLAT

Case Details: Sudip Dutta @ … Continue reading “A personal guarantor to CD can’t escape from his liability even after obtaining citizenship of a foreign country: NCLAT”

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November 7, 2022

Order passed by NCLT u/s 9 didn’t need interference as CD had not disputed any existence of debt: NCLAT

Case Details: Arun Mittal v. … Continue reading “Order passed by NCLT u/s 9 didn’t need interference as CD had not disputed any existence of debt: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

November 4, 2022

IBBI revises format of annual compliance certificate seeking enhanced disclosures for IPAs

Circular No. IBBI/IPA/54/2022, Dated 02.11.2022 … Continue reading “IBBI revises format of annual compliance certificate seeking enhanced disclosures for IPAs”

Blog, News, Insolvency and Bankruptcy Code

November 1, 2022

Advance given under EPC contract is an operational debt; resolution applicant is bound to include appellant’s claim

Case Details: Athena Demwe Power … Continue reading “Advance given under EPC contract is an operational debt; resolution applicant is bound to include appellant’s claim”

News, Blog, Insolvency and Bankruptcy Code

October 28, 2022

IBBI debars an IP from accepting any new assignment for failing to perform duties

Case Details: Rohit Aggarwal, In … Continue reading “IBBI debars an IP from accepting any new assignment for failing to perform duties”