Mondaq All Regions - India: Insolvency/Bankruptcy/Re-structuring
LexCounsel Law Offices
In the aforesaid case before the Appellate Tribunal, the appeal had arisen out of an order of the Tribunal (Mumbai bench) rejecting the insolvency application filed by an operational creditor.
Singh & Associates
Insolvency and Bankruptcy Code 2016 (I & B Code 2016) was published in the Gazette of India on 28th May 2016.
Desai & Diwanji
In the context of initiating insolvency resolution by an operational creditor against a corporate debtor under section 8 of the Insolvency and Bankruptcy Code, 2016 ("IBC"), a corporate debtor can...
Nishith Desai Associates
Ordinance amends the Banking Regulation Act, 1949 empowers RBI to direct banks to resolve specific stressed assets and initiate Insolvency Resolution Process...
Phoenix Legal
Before we proceed further, let us take a look at the relevant provisions of the Code:
Khaitan & Co
The term ‘dispute' assumes great importance under the Insolvency and Bankruptcy Code, 2016.
Trilegal
The NCLAT has recently passed a significant ruling which impacts the timelines for insolvency resolution under the new Insolvency & Bankruptcy Code.
Khaitan & Co
On 5 May 2017, a day after the recent Banking Regulation (Amendment) Ordinance, 2017 (Ordinance) received Presidential assent, the Reserve Bank of India issued a circular on...
Khaitan & Co
There is immense litigation initiated by auction purchasers, who are fastened with liability relating to outstanding dues of the Company in liquidation, in respect of the property / asset being put to auction by the Official Liquidator.
LexCounsel Law Offices
With the above observations, the Bench admitted the insolvency application.
Fair & Just Legal Solutions LLP
The Insolvency and Bankruptcy Board of India has notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 ("New Regulations") on March 31, 2017.
Khaitan & Co
On 30 March 2017, the Central Government notified 1 April 2017 as the appointment date for implementation of, inter alia, substantive provisions of Chapter V of the Insolvency and Bankruptcy Code...
Fair & Just Legal Solutions LLP
The Insolvency and Bankruptcy Code ("IBC") Bill has been passed by both the Houses of Parliament and has received the assent of the President on May 28, 2016.
S.S. Rana & Co. Advocates
The Insolvency and Bankruptcy Board of India (‘IBBI') was established under Insolvency and Bankruptcy Code, 2016 (‘Code').
SKP Business Consulting LLP
The Insolvency and Bankruptcy Code, 2016 (the Code) has consolidated the insolvency, bankruptcy and liquidation laws for companies, partnerships firms, limited liabilities partnerships and individuals in India, which came into effect on 28 May 2016.
Khaitan & Co
By way of background, the Insolvency and Bankruptcy Code, 2016 was enacted with the primary objective to consolidate and amend the laws relating to reorganisation and insolvency resolution...
Dhir & Dhir Associates
This has adversely affected the economy at large leading to blockage in huge amounts of capital, which could be deployed for other productive purposes...
Khaitan & Co
In a recent order admitting a petition for insolvency resolution filed by Essar Projects India Limited (Operational Creditor) against MCL Global Steel Private Limited (Corporate Debtor), ...
S.S. Rana & Co. Advocates
The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the ‘Code') received the assent of the President of India on May 28, 2016.
Khaitan & Co
The Board constituted under the chairmanship of Mr MS Sahoo has recently rejected an application for registration as an insolvency professional (IP) under regulation 7 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 (IP Regulations) through its first regulatory order.
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Trilegal
The Insolvency and Bankruptcy Code passed by the Parliament is a welcome overhaul of the existing framework dealing with insolvency of corporates, individuals, partnerships and other entities.
Khaitan & Co
Pursuant to notification of the provisions relating to insolvency resolution and liquidation process under the Insolvency and Bankruptcy Code, 2016, several applications have been made to the NCLT...
LexCounsel Law Offices
With the above observations, the Bench admitted the insolvency application.
Singh & Associates
Insolvency is a term which has always been related to an individual or a company/business.
Khaitan & Co
As a demonstration of India's combined political will, the much awaited and debated Insolvency and Bankruptcy Code, 2016 was passed by the Upper House of the Parliament on 11 May 2016 (shortly after being passed by the Lower House on 5 May 2016).
IndusLaw
It's no secret that the Indian banking industry has a rather large number of loans outstanding that have simply gone wrong.
Khaitan & Co
On 5 May 2017, a day after the recent Banking Regulation (Amendment) Ordinance, 2017 (Ordinance) received Presidential assent, the Reserve Bank of India issued a circular on...
Khaitan & Co
In a recent order admitting a petition for insolvency resolution filed by Essar Projects India Limited (Operational Creditor) against MCL Global Steel Private Limited (Corporate Debtor), ...
Rajani Associates
The concept of Strategic Debt Restructuring ("SDR") has been introduced by the Reserve Bank of India in the SDR Scheme to help banks recover their loans by taking control of the distressed listed companies.
Fair & Just Legal Solutions LLP
The Insolvency and Bankruptcy Board of India has notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 ("New Regulations") on March 31, 2017.
Trilegal
The NCLAT has recently passed a significant ruling which impacts the timelines for insolvency resolution under the new Insolvency & Bankruptcy Code.
SKP Business Consulting LLP
The Insolvency and Bankruptcy Code, 2016 (the Code) has consolidated the insolvency, bankruptcy and liquidation laws for companies, partnerships firms, limited liabilities partnerships and individuals in India, which came into effect on 28 May 2016.
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