Mondaq Asia Pacific: Insolvency/Bankruptcy/Re-structuring
Corrs Chambers Westgarth
Failure to properly obtain creditor approval of remuneration can have dire consequences for insolvency practitioners.
Herbert Smith Freehills
In Swiss Cosmeceutics (Asia) Ltd [2019] HKCFI 336, Mr Justice Harris of the Hong Kong Court of First Instance declined to wind up a company despite it failing to establish a bona fide defence
Dhaval Vussonji & Associates
In contrast, the definition of operational debt is exhaustive in nature to mean inter alia a claim in respect of the provision of goods or services including employment.
Cleary Gottlieb Steen & Hamilton LLP
The continuing economic liberalisation of India – begun in the 1990s – has seen it become the world's fastest growing major economy.
IndiaLaw LLP
List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims
Cyril Amarchand Mangaldas
The Reserve Bank of India ("RBI") has issued the Reserve Bank of India Directions, 2019 on June 07, 2019[1] in which the RBI has continued the core principles of its circular dated February 12, 2018...
Khaitan & Co
The RBI issued a revised prudential framework for resolution of stressed assets on 7 June 2019 in supersession of the erstwhile circular on Resolution of Stressed Assets dated 12 February 2019 which was struck down ...
Dhaval Vussonji & Associates
It was also held that any further action by Dena Bank to enforce its security interest would be covered under the moratorium.
Khaitan & Co
The division bench of the Supreme Court of India comprising of Hon'ble Justice Mr R.F. Nariman and Hon'ble Justice Mr Vineet Saran, in its judgment dated 30 April 2019 in J.K. Jute Mill Mazdoor Morcha v Juggilal Kamlapat Jute Mills Company Ltd & Ors ...
IndiaLaw LLP
List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims
IndiaLaw LLP
List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims
IndiaLaw LLP
List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims.
Singhania & Co
The banks can still opt for Project Sashakt as a resolution mechanism for stressed assets apart from the other measures.
AMLEGALS
The present application was moved by M/s. Sun Pharmaceutical Industries Limited, formerly known as Ranbaxy Laboratories,before the National Company Law Tribunal Chandigarh Bench in the case of Parabolic Drugs, ...
AMLEGALS
The present application was moved by M/s. Sun Pharmaceutical Industries Limited, formerly known as Ranbaxy Laboratories,before the National Company Law Tribunal Chandigarh Bench in the case of Parabolic Drugs...
IndiaLaw LLP
List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims
VGC Law Firm
The default referred to herein above is in respect of a financial debt owed to any financial creditor.
AMLEGALS
This appeal has been preferred by Alloysmin Industries against the order passed by the National Company Law Tribunal, New Delhi, Bench III on 17.09.2018.
IndiaLaw LLP
List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims
Argus Partners
The NCLAT, vide its order dated December 14, 2018 in the case of Company Appeal (AT) (Insolvency) No. 169 of 2017, has rejected the appeal filed by Edelweiss Asset Reconstruction Company Limited, ...
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VGC Law Firm
The same have been briefly discussed in the present article.
AMLEGALS
The amount of any liability in respect of any of the guarantee or indemnity for any of the items referred to in sub-clauses (a) to (h) of this clause.
Nishith Desai Associates
With almost two years since the introduction of the Insolvency and Bankruptcy Code, 2016 ("IBC" and "Code"), there have been various challenges in the effective implementation of the Code.
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.
Dhaval Vussonji & Associates
In our earlier article titled, "Homebuyers now Financial Creditors: Too many cooks spoil the resolution process?", we analysed the impact of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, ...
Clarus Law Associates
On 11.10.2018, a division bench of the Hon'ble Supreme Court of India comprising of Justice R.F. Nariman and Justice Navin Sinha in the matter of B.K. Educational Services Private Limited v Parag Gupta And Associates, ...
King, Stubb & Kasiva
In case of cash flow insolvency the company is unable to pay debt as it falls due and in balance sheet insolvency the total liability exceeds its realisable assets.
Cyril Amarchand Mangaldas
The Reserve Bank of India ("RBI") has issued the Reserve Bank of India Directions, 2019 on June 07, 2019[1] in which the RBI has continued the core principles of its circular dated February 12, 2018...
IndusLaw
The Specific Relief (Amendment) Act, 2018 (the "Amendment Act") amending the provisions of the Specific Relief Act, 1963 (the "Act") came into force on August 1, 2018.
Worrells Solvency & Forensic Accountants
Article explains how fines received by the company eg. speeding fines are not recoverable in a liquidation.
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