Mondaq All Regions - India: Insolvency/Bankruptcy/Re-structuring
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.
Luthra & Luthra Law Offices
‘Audi Alteram Partem', the age old legal maxim has been defined under the Blacks Law Dictionary to mean as "Hear the other side; hear both sides. No man should be condemned unheard".
Nishith Desai Associates
The Bombay High Court in the case of IDFC Bank Limited ("IDFC") versus M/s. Ruchi Soya Industries Limited dismissed a winding-up petition filed by IDFC seeking winding up of RSIL...
Dhaval Vussonji & Associates
Q1. Have all provisions of the Insolvency and Bankruptcy Code, 2016 been notified? A1. Not all provisions of the Code have been notified. Following is a list of the provisions that are in force:
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...
Phoenix Legal
With the fast paced release of notifications and rules one after the other in the last quarter of 2016, much of the Insolvency and Bankruptcy Code...
Dhir & Dhir Associates
India is heading towards a new era of dealing with insolvencies and bankruptcies, whether corporate or individual, by promulgating a comprehensive Insolvency & Bankruptcy code at par with global standards...
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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.
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
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...
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...
Singh & Associates
Insolvency is a term which has always been related to an individual or a company/business.
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), ...
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).
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.
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.
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.
Luthra & Luthra Law Offices
‘Audi Alteram Partem', the age old legal maxim has been defined under the Blacks Law Dictionary to mean as "Hear the other side; hear both sides. No man should be condemned unheard".
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