In order to recalibrate the Minimum Public Shareholding (MPS) requirements for listed companies which are presently going under Corporate Insolvency Resolution Process (CIRP)...
The Law Point
The Insolvency and Bankruptcy Code, 2016, has boosted the industry in terms of either reviving the company in question or faster liquidation of the same without letting them deteriorate.
The Law Point
The conflict between the Insolvency and Bankruptcy Code (IBC) and the Sarfaesi Act has once again come to the fore as the RBI rejected a resolution plan submitted by UV Asset Reconstruction (UVARCL) to acquire Aircel's assets.
In November 2019, after reports of a large-scale financial scam, Dewan Housing Finance Corporation Ltd (DHFL) became the first non-banking financial company to be referred...
In recent times, several noteworthy judgments have been rendered by Indian courts and tribunals in matters involving the law of insolvency and bankruptcy in India. Some recent decisions rendered
VGC Law Firm
Recently, in Anup Sushil Dubey v. National Agriculture Co-operative Marketing Federation of India Ltd, the NCLAT dealt with the issue "Can lease rentals arising out of use and occupation...
The Insolvency and Bankruptcy Code, 2016 (IBC) aims to revive debtor entities facing financial stress.
For the gift deed or release deed to be legally valid, it is necessary that it is registered with the sub-registrar of assurances having appropriate jurisdiction
Link Legal India Law Services
The issue in the matter of Piramal was relating to question whether CIRP can be initiated against two Corporate Guarantors simultaneously for same set of debt and default.
Khurana and Khurana
The Insolvency and Bankruptcy Code stands to be one of the most direly needed legislation in the wake of the increasing corporate culture
Khaitan & Co
The Insolvency and Bankruptcy Board of India (IBBI) on 13 November 2020 issued the Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations...
Parinam Law Associates
In a welcome move, the Hon'ble Supreme Court, in its Order dated 29th October 2020 in Transfer Petition (Civil) No. (s). 1034 of 2020 ("Transfer Petition"), directed transfer of all writ petitions...
The law of limitation forms an indispensable part of public policy aiming to suppress all acts of the past, which are redundant and stale in the eyes of law.
In an important decision passed recently , the National Company Law Appellate Tribunal ("NCLAT") while endorsing the decision of National Company Law Tribunal, New Delhi Bench ("NCLT")...
With the current economic slowdown triggered by COVID-19, businesses now face an uphill battle to generate free
cash flow to timely service their debts.
VGC Law Firm
Recently, the Appellate Authority (NCLAT) in the matter of Laxmi Pat Surana v. Union Bank of India & Ors. has held that an application under Insolvency and Bankruptcy Code, 2016 (‘I&B Code') is ...
The Insolvency and Bankruptcy Code (Second Amendment) Act, 2020...
S.S. Rana & Co. Advocates
In a recent case, the National Company Law Appellate Tribunal ("NCLAT"), vide its ruling dated May 22, 2020 upheld the order passed by respective National Company...
The judiciary has rendered numerous path-breaking decisions to
complement various amendments to the Insolvency and Bankruptcy
Singh & Associates
In the last few years, it has been noticed that the homebuyers struggle to get their decree executed as the orders of the Real Estate Regulatory Authority ("RERA") have not been executed.