Only by shoring up the insolvency mechanism and tackling huge pendency of cases can confidence of creditors be restored.
The Hon'ble Supreme Court in its recent decision in Anjali Rathi and Ors. v. Today Homes & Infrastructure Pvt. Ltd. and Ors.
Khurana and Khurana
The Supreme Court of India recently pronounced the milestone judgment of P. Mohanraj V. Shah Brothers Ispat Pvt. Ltd.
The era before Insolvency and Bankruptcy Code ("Code") in India had various disseminated laws relating to insolvency and bankruptcy which caused inadequate and ineffective results with undue delays...
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 ["Ordinance"] was promulgated on the 4th of April, 2021 as an amendment to the Insolvency and Bankruptcy Code...
Clasis Law and Associates
The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 shall be deemed to have come into force on April 4, 2021. It amends the Insolvency and Bankruptcy Code, 2016.
Khaitan & Co
The Parliamentary Standing Committee on Finance for the year 2020-2021 has published the 32nd Report on Implementation of Insolvency and Bankruptcy Code - Pitfalls and Solutions on 29 July 2021.
An amendment to the Insolvency and Bankruptcy Code ("IBC") recently received the President's assent.
Agama Law Associates
On 1st March 2021, a three-judge bench of Hon'ble Supreme Court, in P. Mohanraj & Ors. vs M/s Shah Bros Ispat Ltd, adjudicated on an important issue which arose in the said appeal.
Dhaval Vussonji & Associates
In its interim order dated 29th June 2021 in Stressed Asset Stabilisation Fund (SASF) Vs. Technology Development Board , the Supreme Court of India has stayed the operation of the judgement...
Singh & Associates
The Supreme Court, in a recent judgment titled Lalit Kumar Jain vs. Union of India & Others (along with numerous other matters), has held that a personal guarantor cannot be absolved of their responsibilities to pay back the lenders, ...
Vaish Associates Advocates
The Hon'ble Supreme Court has in its judgment dated July 26, 2021, in the matter of Orator Marketing Private Limited v. Samtex Desinz Private Limited [Civil Appeal No. 2231 of 2021] held that the definition of financial debt ...
In exercise of powers conferred by Clause (t) of Sub-Section (1) of Section 196 read with Section 240 of the Insolvency and Bankruptcy Code, 2016 (IBC), the Insolvency and Bankruptcy Board of India...
Khaitan & Co
Mr. Dinesh Gupta, a former employee of Rolta India Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Rolta on the basis of a claim for non – payment of arrears of salary upon termination of employment.
The increased consolidation in India Inc over the last few years has led to numerous instances of situations wherein the group holding company lands into indebtedness and is on the verge...
Shardul Amarchand Mangaldas & Co
The National Company Law Tribunal's ("NCLT") jurisdiction under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 ("IBC") has often been invoked as a comprehensive recourse to all issues...
Singhania & Partners LLP, Solicitors and Advocates
Recently a question arose before the Supreme Court of India in a batch of matters in the case of Lalit Kumar Jain vs. Union of India & Ors...
Khaitan & Co
The Supreme Court of India (SC) in Orator Marketing Private Limited v Samtex Desinz Private Limited, Civil Appeal No. 2231 of 2021, judgment dated 26th July 2021 has held that an interest free...
In a recent decision, the National Company Law Appellate Tribunal, Chennai Bench (NCLAT) held that the claims as provided in the resolution plan shall stand frozen and will be binding...
Parinam Law Associates
The Upper House of Parliament in India, being the Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 ("Amendment") on 3rd August 2021...