Mondaq All Regions - India: Insolvency/Bankruptcy/Re-structuring
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.
Desai & Diwanji
In the context of initiating insolvency resolution by an operational creditor against a corporate debtor under section 8 of the Insolvency and Bankruptcy Code, 2016 ("IBC"), a corporate debtor can...
Nishith Desai Associates
Ordinance amends the Banking Regulation Act, 1949 empowers RBI to direct banks to resolve specific stressed assets and initiate Insolvency Resolution Process...
Phoenix Legal
Before we proceed further, let us take a look at the relevant provisions of the Code:
Khaitan & Co
The term ‘dispute' assumes great importance under the Insolvency and Bankruptcy Code, 2016.
Trilegal
The NCLAT has recently passed a significant ruling which impacts the timelines for insolvency resolution under the new Insolvency & Bankruptcy Code.
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Trilegal
The Insolvency and Bankruptcy Code passed by the Parliament is a welcome overhaul of the existing framework dealing with insolvency of corporates, individuals, partnerships and other entities.
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...
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
Insolvency is a term which has always been related to an individual or a company/business.
Khaitan & Co
As a demonstration of India's combined political will, the much awaited and debated Insolvency and Bankruptcy Code, 2016 was passed by the Upper House of the Parliament on 11 May 2016 (shortly after being passed by the Lower House on 5 May 2016).
Singh & Associates
Insolvency and Bankruptcy Code 2016 (I & B Code 2016) was published in the Gazette of India on 28th May 2016.
LexCounsel Law Offices
With the above observations, the Bench admitted the insolvency application.
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.
Phoenix Legal
Before we proceed further, let us take a look at the relevant provisions of the Code:
IndusLaw
It's no secret that the Indian banking industry has a rather large number of loans outstanding that have simply gone wrong.
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...
Singh & Associates
The Insolvency And Bankruptc Y Code, 2016
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