Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

June 27, 2022

Once resolution plan was approved all claims which were not a part of plan wouldn’t survive: SC

Case Details: Ruchi Soya Industries … Continue reading “Once resolution plan was approved all claims which were not a part of plan wouldn’t survive: SC”

Blog, News, Insolvency and Bankruptcy Code

June 24, 2022

Process of Voluntary Liquidation of Corporate Entity under IBC

[2022] 139 taxmann.com 331 (Article) … Continue reading “Process of Voluntary Liquidation of Corporate Entity under IBC”

Blog, News, Insolvency and Bankruptcy Code

June 24, 2022

NCLT can pass appropriate order even before admission of plea u/s 7 or 9: NCLAT

Case Details: Yes Bank Ltd. … Continue reading “NCLT can pass appropriate order even before admission of plea u/s 7 or 9: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

June 23, 2022

RP’s plea to seek possession of Tea Estate couldn’t be allowed as lease was terminated long before admission of CIRP

Case Details: Sangita Fiscal Services … Continue reading “RP’s plea to seek possession of Tea Estate couldn’t be allowed as lease was terminated long before admission of CIRP”

Blog, News, Insolvency and Bankruptcy Code

June 22, 2022

Resolution plan and addendum submitted by an ARC without RBI’s approval was to be rejected

Case Details: Viceroy Hotels Ltd. … Continue reading “Resolution plan and addendum submitted by an ARC without RBI’s approval was to be rejected”

Blog, News, Insolvency and Bankruptcy Code

June 21, 2022

CIRP proceedings were to be restored where corporate debtor breached the terms of Settlement: NCLAT

Case Details: ICICI Bank Ltd. … Continue reading “CIRP proceedings were to be restored where corporate debtor breached the terms of Settlement: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

June 17, 2022

[Key Highlights] Insolvency Law Committee Report

Table of Contents 1. Report … Continue reading “[Key Highlights] Insolvency Law Committee Report”

Blog, News, Insolvency and Bankruptcy Code

June 17, 2022

IBBI defines the role of Information utility on receipt applications for initiating insolvency

CIRCULAR No. IBBI/IU/51/2022, Dated- 15.06.2022 … Continue reading “IBBI defines the role of Information utility on receipt applications for initiating insolvency”

Blog, Insolvency and Bankruptcy Code

June 17, 2022

[Case Analysis] Aircel Limited v. Union of India | IBC

Checkout Taxmann’s Limited Insolvency Examination … Continue reading “[Case Analysis] Aircel Limited v. Union of India | IBC”

Blog, News, Insolvency and Bankruptcy Code

June 16, 2022

Operational Creditors must furnish copies of GSTR-1, GSTR-3B & E-Way Bill along with CIRP plea

Notification No. IBBI/2022-23/GN/REG084, Dated: 14.06.2022 … Continue reading “Operational Creditors must furnish copies of GSTR-1, GSTR-3B & E-Way Bill along with CIRP plea”