Mondaq Asia Pacific: Insolvency/Bankruptcy/Re-structuring
Colin Biggers & Paisley
This case supports parties seeking to rely on traditional set-off in construction or other contracts after a liquidation.
Corrs Chambers Westgarth
In other circumstances, it could be appropriate for the administrator of the company to be appointed as the liquidator.
Worrells Solvency & Forensic Accountants
Last-minute asset protection strategies are rarely effective, so consider asset protection from the start of a venture.
Worrells Solvency & Forensic Accountants
Liquidators look for any 'unreasonable director-related transactions', which can reduce assets available to creditors.
S.S. Rana & Co. Advocates
The stricter provision of the IBC and their effective enforcement have made it an active vehicle in order to resolve the problem of bad loans.
S.S. Rana & Co. Advocates
As per the provisions of the IBC, an insolvency resolution professional appointed to conduct the corporate insolvency resolution process.
L&L Partners
About 30 million tonnes of steel is lying under bankruptcy proceedings in India, and is waiting to be taken over by new management under the Insolvency and Bankruptcy Code, 2016 (IBC).
S.S. Rana & Co. Advocates
The best practices in business require the establishment faith of fulfilment of obligations by the transacting parties.
LexCounsel Law Offices
The Reserve Bank of India ("RBI") has time and again, in its directions, reports and Master Circulars, reiterated that banks should not indulge in ever-greening of its loans.
VGC Law Firm
In order to prevent unscrupulous promoters from buying back the corporate debtor at low discounted prices, Section 29A was incorporated in the Insolvency and Bankruptcy Code with retrospective effect ...
Khaitan & Co
On 11 October 2018, the Supreme Court vide its judgment in B.K. Educational Services Private Limited v Parag Gupta and Associates (Civil Appeal No. 23988 of 2017) clarified the applicability of Limitation Act, 1963 ...
Khaitan & Co
The Amendment Regulations have come into force on 5 October 2018.
AMLEGALS
This judgment has come at a time when Tayo Rolls' application for ‘closure of business units' is currently pending before the Jharkhand High Court.
IndusLaw
Earlier this month, the Supreme Court of India (the "SC") passed a much-awaited judgment concerning the eligibility of resolution applicants for Essar Steel India Limited.
Dhaval Vussonji & Associates
The Insolvency and Bankruptcy Code Code, 2018 which came into effect on 6th June, 2018 provides for various amendments to the Insolvency and Bankruptcy Code, 2016.
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, ...
Dhaval Vussonji & Associates
The Insolvency and Bankruptcy Board of India has recently amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, ...
Nishith Desai Associates
In this article, we explore the rights of a special class of creditors, i.e. holders of bonds and their ability to initiate corporate insolvency resolution process under IBC in light of "no action clauses" and issues arising thereof.
S.S. Rana & Co. Advocates
In the market of changing scenarios, the companies are faced by numerous challenges on the business front.
AMLEGALS
This time the Corporate Debtor replied with objections and raised a new dispute that the project was left incomplete by the Petitioner.
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ClarkeKann Lawyers
PBAs are trust accounts, intended to protect down the line subcontractors from the insolvency of up the line contractors.
VGC Law Firm
The same have been briefly discussed in the present article.
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, ...
Stacks Law Firm
Creditor sues for money received by bankrupt from his late mother's superannuation fund.
Khurana and Khurana
The Corporate Debtor/Respondent (Uttam Galva Metallics) defaulted in the payment to the Operational Creditor/Appellant (Macquarie Bank) amounting to USD 6,321,337 equivalent to Rs. 43,11,15,190.
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.
IndusLaw
Earlier this month, the Supreme Court of India (the "SC") passed a much-awaited judgment concerning the eligibility of resolution applicants for Essar Steel India Limited.
Worrells Solvency & Forensic Accountants
Using credit repair and debt management firms may mean consumers pay high fees and not get the solution they're seeking.
Fair & Just Legal Solutions LLP
The NCLT, Mumbai, accepted the application of Nisus and passed the order for commencement of insolvency resolution process.
L&L Partners
About 30 million tonnes of steel is lying under bankruptcy proceedings in India, and is waiting to be taken over by new management under the Insolvency and Bankruptcy Code, 2016 (IBC).
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