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Khaitan & Co
On 24 July 2020, the National Company Law Appellate Tribunal (NCLAT), in its decision in GRIDCO Limited v Surya Kanta Sathapathy and Others [C.A. (AT) (Insolvency) 1271 of 2019] ...
KS Legal & Associates
A creditor under the Indian laws may approach several forums and/or courts so as to recover their outstanding dues.
Singh & Associates
The Ministry of Finance vide its Notification No. 11/2020 – Central Tax dated 21.03.2020 stated that those Registered persons who are undergoing the corporate insolvency resolution process under the provisions of the ...
Singh & Associates
An Ordinance was passed on 5th June 2020, by the President of India in furtherance to the announcement earlier made by Hon'ble Finance Ministry w.r.t suspension of Fresh cases to be filed under Section 7, 9 and 10 ...
Clasis Law
On 5th June, 2020, the President of India promulgated the much awaited ordinance, the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 ("Ordinance"),...
ZBA
The insolvency process can be triggered either by a Personal Guarantor itself or by any creditor.
Singh & Associates
The spread of Coronavirus (COVID-19) pandemic across the globe followed by subsequent lockdowns has adversely affected business operations across the world.
S&R Associates
The Insolvency and Bankruptcy Code, 2016 (hereinafter "IBC") was hailed as a major reform in the insolvency landscape in India
Rajani Associates
In order to prevent companies to be dragged into insolvency under the Insolvency and Bankruptcy Code, 2016 ("Code") due to the present pandemic,…
Dhir & Dhir Associates
Prior to the advent of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDB&FI Act), now known as Recovery of Debts and Bankruptcy Act (‘RDB Act'), ...
Trilegal
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 suspends the applicability of Section 7, 9 and 10 of the Insolvency and Bankruptcy Code
AMLEGALS
The present petition has been filed by Mr. Pankaj Aggarwal (hereinafter referred as the Petitioner) challenging the order passed by the NCLT on 29.05.2020.
HSA Advocates
The framework for bankruptcy and insolvency resolution in India is guided by the Insolvency and Bankruptcy Code, 2016 (IBC)...
Singhania & Partners LLP, Solicitors and Advocates
The Code has been amended time to time since its enactment to remove bottlenecks and to streamline the Corporate Insolvency Resolution Process ("CIRP") under the Code.
S.S. Rana & Co. Advocates
In a recent decision passed in Company Appeal (AT) (Insolvency) No. 1417 of 2019, Union of India versus Oriental Bank of Commerce, the National Company Law Appellate Tribunal...
Trilegal
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 suspends the applicability of Section 7, 9 and 10 of the Insolvency and Bankruptcy Code...
Singh & Associates
The Insolvency and Bankruptcy Code, 2016 ("IBC") is an Act to consolidate and amend the laws relating to reorganization and insolvency resolution...
Singh & Associates
A huge backlog of cases at National Company Law Tribunal (NCLT) benches have stretched resources and led to delays in resolution of cases.
HSA Advocates
The much-awaited ordinance suspending operation of the Insolvency and Bankruptcy Code, 2016 (Code) was promulgated on June 5, 2020.
HSA Advocates
Insolvency and Bankruptcy Code (IBC) was enacted on May 28, 2016 to effectively deal with insolvency and bankruptcy of corporate persons, partnership firms and individuals, in a time bound manner.
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