Mondaq India: Insolvency/Bankruptcy/Re-structuring
Fair & Just Legal Solutions LLP
The NCLT, Mumbai, accepted the application of Nisus and passed the order for commencement of insolvency resolution process.
VGC Law Firm
It is apparent from the ongoing practice that IRPs consider the date of receipt of order as the date of the appointment.
Singh & Associates
The NCLAT, while allowing the appeal, observed that the amended Resolution Plan was in consonant with the section 30(2) of the Code, 2016.
Singh & Associates
The Reliance Communication-Ericsson legal battle, which led the Anil Ambani controlled company to the insolvency court, has been a watershed moment not just for reflecting the state of the telecom sector, ...
Singh & Associates
The Ministry of Corporate Affairs, Government of India have released the draft with respect to provisions to be introduced as Chapter for Cross Border Insolvency under the present Insolvency and Bankruptcy Code 2016.
Singh & Associates
Under the I&B Code, an Insolvency Professional (hereinafter referred as 'IP' or 'IRP') plays a vital role during Corporate Insolvency Resolution Process (CIRP).
Singh & Associates
In June 2018, came an amendment in the Insolvency and Bankruptcy Code, 2016 ("the Code") which have introduced many new changes in the Code.
Singhania & Partners LLP, Solicitors and Advocates
In the Insolvency Resolution Process for Corporate Persons, an issue is generally discussed as to the status of statutory dues payable by the Corporate Person – whether the same will qualify...
Khaitan & Co
The IBBI notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ...
Dhaval Vussonji & Associates
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, which came into force on 6th June, 2018 provides for various amendments to the Insolvency and Bankruptcy Code, 2016.
IndusLaw
Cross border insolvency had no clear legal framework in India and The Ministry of Corporate Affairs, on June 20, 2018 issued a public notice inviting comments and suggestions on...
Singh & Associates
The Insolvency and Bankruptcy Code, 2016 nearly after two years of its operation has undergone some significant amendments by way of the Insolvency and Bankruptcy Code (Amendment) Ordinance 2018.
Dhir & Dhir Associates
While the case for employees may be rooted in social welfare, liquidation as a going concern of a financially troubled entity also makes sound business sense.
Khaitan & Co
Under the corporate insolvency regime set up by the Insolvency and Bankruptcy Code, 2016, the Insolvency Resolution Professional is arguably among the most important individuals concerned...
LexCounsel Law Offices
With the introduction of the Insolvency & Bankruptcy Code, 2016, there has been a flurry of litigation before the National Company Law Tribunals and the National Company Law Appellate Tribunal ...
PSA
The Insolvency and Bankruptcy Code, 2016 ("IBC") was passed with the objective of balancing interests of all stakeholders in a corporate entity‟s insolvency resolution process.
Trilegal
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 brings about significant changes to improve the insolvency resolution framework in India.
Singh & Associates
There was a significant jump witnessed in India's ease of doing business rankings last year and the Insolvency and Bankruptcy code ("the Code") was regarded as a key contributor in the jump.
Khaitan & Co
The President of India promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance 2018 on 6 June 2018 (Ordinance) to amend the Insolvency and Bankruptcy Code 2016 (IBC).
Khaitan & Co
Between 31 May to 1 June, SEBI amended a number of securities regulations to provide certain dispensations for listed companies undergoing the corporate insolvency resolution process...
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Khurana and Khurana
The Corporate Debtor/Respondent (Uttam Galva Metallics) defaulted in the payment to the Operational Creditor/Appellant (Macquarie Bank) amounting to USD 6,321,337 equivalent to Rs. 43,11,15,190.
Trilegal
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 brings about significant changes to improve the insolvency resolution framework in India.
Dhir & Dhir Associates
The moratorium in terms of Insolvency and Bankruptcy Code, 2016 (‘IBC') means a period wherein no judicial proceedings for recovery, enforcement of security interest, sale or transfer of assets, or termination of essential contracts can be instituted or continued against the Corporate Debtor.
S.S. Rana & Co. Advocates
The amendments to the IBC have made an attempt to ensure that only viable resolution plans from credible sources are accepted.
S.S. Rana & Co. Advocates
In proceedings with regards to the provisions of the Insolvency and Bankruptcy Code, 2016 the Bombay High Court has passed a landmark judgement ruling that an application under IBC may be made even in cases where ...
Singh & Associates
Insolvency and Bankruptcy Code, 2016 is enacted to consolidate and amend laws pertaining to insolvency and resolution. Part Ii of the Code deals with the Insolvency Resolution and Liquidation for ‘Corporate persons'.
SNG & Partners
Summary suits under Order XXXVII of the Code of Civil Procedure, 1908.
IndusLaw
Cross border insolvency had no clear legal framework in India and The Ministry of Corporate Affairs, on June 20, 2018 issued a public notice inviting comments and suggestions on...
Khaitan & Co
The IBBI notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ...
Singh & Associates
Under the Insolvency and Bankruptcy Code, 2016, for operational creditors to initiate a corporate insolvency resolution process, two steps are required to be followed.
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