Mondaq Asia Pacific: Insolvency/Bankruptcy/Re-structuring
Corrs Chambers Westgarth
The decision provides some comfort for those administrators who have used, and intend to continue using, 'Holding DOCAs'.
Dhir & Dhir Associates
The transition from a fragmented legal system to a unified Insolvency and Bankruptcy Code 2016 (IBC) is marked by challenges to implement it effectively and expeditiously.
Dhir & Dhir Associates
With the promulgation of the Insolvency and Bankruptcy Code, 2016 ("IBC"), India gains a comprehensive legislation which deals with insolvency and bankruptcy of companies, "LLPs", individuals and partnership firms.
Dhir & Dhir Associates
Undoubtedly, there is a fresh air and breather amidst the country's NPA clouds as the insolvency and bankruptcy menaces now look upto their new demigod – The IBC 2016 Code.
Singh & Associates
The aim and object of the Insolvency and Bankruptcy Code, 2016 is reorganization and insolvency resolution in a time bound manner for the maximization of value of assets of such persons...
Advaya Legal
In World Bank's ranking on resolving insolvency, India stood 136th in 2016.
Singh & Associates
The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the "Code") provides for a time-bound resolution process for insolvency and bankruptcy.
Nishith Desai Associates
In the most recent development in the ongoing battle against Non-Performing Assets ("NPA's"), the Gujrat High Court ("GHC") upheld the constitutionality of the RBI Press Note dated June 13, 2017...
Khaitan & Co
India's new Bankruptcy Code, akin to several other jurisdictions, is a creditor in possession/control model.
Corp Comm Legal
The rationale was that apparently, the bankers had exhausted all other options to recover their dues.
Nishith Desai Associates
The volume of stressed assets in the banking system in India has been at an all-time high. India ranks at 130 out of 190 countries in the "Doing Business" rankings of 2017 which are prepared by the World Bank.
Singh & Associates
The Insolvency And Bankruptc Y Code, 2016
Dhaval Vussonji & Associates
When Benjamin Franklin said "Time is Money" he certainly meant that time is a valuable asset and we must make it count.
Dhir & Dhir Associates
While India Inc. has been bestowed with one of the much required and appreciated rules via the IBC 2016 code, there have been several questions that the industry has come up with.
Dhir & Dhir Associates
Until the recent past, the Indian legal framework, to deal with restructuring and insolvency was fragmented across multiple legislations viz. the Companies Act, 1956, the Sick Industrial Companies...
Nishith Desai Associates
What is the scope and ambit of the terms "dispute" and "existence of dispute" for determining the maintainability of an application filed by an Operational Creditor under Section 9 read with section 5 and 8 of the I&B Code?
Dhaval Vussonji & Associates
The Insolvency and Bankruptcy Code, 2016 (IBC) has consolidated and amended the laws relating to reorganization and insolvency of corporate persons, partnership firms and individual firms.
Singh & Associates
The Indian Insolvency and Bankruptcy Code, 2016 (Code), which came into effect on May 28 2016 provides a consolidated framework for the insolvency of companies, limited and unlimited liability partnerships...
LexCounsel Law Offices
In the aforesaid case before the Appellate Tribunal, the appeal had arisen out of an order of the Tribunal (Mumbai bench) rejecting the insolvency application filed by an operational creditor.
Singh & Associates
Insolvency and Bankruptcy Code 2016 (I & B Code 2016) was published in the Gazette of India on 28th May 2016.
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Dhaval Vussonji & Associates
The Insolvency and Bankruptcy Code, 2016 (IBC) has consolidated and amended the laws relating to reorganization and insolvency of corporate persons, partnership firms and individual firms.
Khaitan & Co
Pursuant to notification of the provisions relating to insolvency resolution and liquidation process under the Insolvency and Bankruptcy Code, 2016, several applications have been made to the NCLT...
Kott Gunning
Litigation over the Forge collapse generated a number of interesting and informative decisions in the insolvency area.
DibbsBarker
The article provides guidance for directors facing financial difficulties, highlighting the importance of acting early.
Carroll & O'Dea
A creditor may avail itself of certain defences to a claim against it by a liquidator for unfair preference payments.
Trilegal
The recent amendments to the SARFAESI Act demonstrate the Indian government's commitment to put in place an efficacious system for dealing with bad debts and making debt recovery easier and effective.
Corrs Chambers Westgarth
The case discusses rights of a liquidator to funds paid into court as security by a company which then became insolvent.
Singh & Associates
The Insolvency And Bankruptc Y Code, 2016
Khaitan & Co
India's new Bankruptcy Code, akin to several other jurisdictions, is a creditor in possession/control model.
Bryks Lawyers
The registration of the security interest in the leased goods was defective, so it would revert to the administrators.
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