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Khaitan & Co
The Supreme Court of India ("SC") in the judgment New Delhi Municipal Council v. Minosha India Limited, dated 27 April, 2022, Civil Appeal No. 3470 of 2022 has clarified the position...
HSA Advocates
The last five and a half years since the introduction of the Insolvency and Bankruptcy Code, 2016 (Code) have witnessed a sustained effort by all the stakeholders in settling and ironing out...
Singhania & Partners LLP, Solicitors and Advocates
The Insolvency and Bankruptcy Code, 2016 ("IBC") being a relatively new legislation, has witnessed inconsistent interpretation of its various provisions, especially in respect of certain legal issues...
S.S. Rana & Co. Advocates
Insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 are overseen by the relevant adjudicating authority.
Agama Law Associates
The Code offers a comprehensive and uniform insolvency legislation which deals with partnerships, firms and companies.
Agama Law Associates
The Insolvency and Bankruptcy Code, 2016 ("Code"), has attracted attention since its inception and it is being closely watched since the day it has come into effect...
JusIP
Under the Insolvency and Bankruptcy Code 2016 (IBC), a Corporate Insolvency Resolution Process (CIRP) may be initiated by operational creditors under Section 9.
Link Legal
A significant judgement was passed by Hon'ble Supreme Court on 19th April 2022 in matter of Sunil Kumar Jain and others versus Sundaresh Bhatt and others wherein Supreme Court...
Tuli & Co
Kilburn Chemicals Limited obtained credit facilities of c. ₹103 Crores from, inter alia, Bank of Baroda, which were guaranteed by, inter alia, Mr Sandeep Kumar Jalan.
Vaish Associates Advocates
The Bombay High Court ("BHC") has in the judgement dated February 28, 2022 ("Judgement"), in the matter of Pigments and Allieds v. Carboline
HSA Advocates
On April 01, 2022, the Reserve Bank of India (RBI) issued a Master Circular for income recognition, asset classification and provisioning for the advances portfolio of the banks...
S.S. Rana & Co. Advocates
The Appellant, M/S Ashish Ispat Pvt Ltd., was an Operational Creditor of the Respondent Corporate Debtor, Primuss Pipes and Tubes Ltd.
Clasis Law
The Insolvency and Bankruptcy Board of India ("Board") has introduced amendment in the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017...
Nexdigm Private Limited
The Insolvency and Bankruptcy Board (IBBI) vide notification dated 5 April 2022 amended IBBI (Voluntary Liquidation Process) Amendment Regulations, 2022 (Amendment Regulations).
Shardul Amarchand Mangaldas & Co
Much has already been written on the ratio of the Venus Recruiters Private Limited Vs Union of India & Ors and its impact.
Phoenix Legal
In recent times, several noteworthy judgments have been rendered by the Indian courts and tribunals in matters involving the insolvency law framework.
Dhaval Vussonji & Associates
Personal guarantees are one of the most common contractual comforts which may be provided as part of the security package in a transaction to secure a debt availed by the principal debtor.
Phoenix Legal
In recent times, several noteworthy judgments have been rendered by the Indian courts and tribunals in matters involving the insolvency law framework.
Khurana and Khurana
In the year 2016, Insolvency and Bankruptcy Code was introduced to consolidate all the laws associated with the Insolvency resolution of the corporate personalities with aim to realise the maximum value of assets...
HSA Advocates
Thereafter, the Appellant addressed a Demand Notice under Section 8 of IBC to the Respondent, to which the Respondent denied that any debt was owed by them to the Appellant.
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