Prakul Thadi, Author at VirtuaLaw

Insolvency Law

Prepacks for MSMEs

Download the presentation on Prepacks and watch the Video explaining the entire process of Prepacks as envisaged in the Ordinance.

Prakul Thadi Apr 11

Insolvency Law

Pre-packs & 29A

The Sub-Committee of ILC recommended retention of Sec. 29A for Pre-packs. The article recommends two key amendments, in light of this.

Prakul Thadi Feb 28

Insolvency Law

Madras HC: IBBI is empowered to levy fee as a % of Annual Remuneration drawn as an IP

The power of the Insolvency And Bankruptcy Board Of India (the “IBBI”) to levy fee of 0.25% of the professional fee earned for services rendered as an IP in the preceding financial year and also 0.25% of the turnover of an IPE in the preceding financial year and the regulations thereof were challenged before the Hon’ble High Court of Judicature at Madras.

Prakul Thadi Aug 18

Insolvency Law

When there’s no wisdom, how come “Commercial Wisdom”?

An interesting case where the Adjudicating Authority made critical comments on the so-called Commercial Wisdom of the Committee of Creditors. It emphasised that the CoC has not at all applied its mind and that there was no element of wisdom displayed, leave alone the ‘commercial wisdom’…

Prakul Thadi Aug 11

Insolvency Law

IBBI amends Liquidation Process and Voluntary Liquidation Process Regulations

IBBI Liquidation and Voluntary Process Regulations amended on 05.08.2020

Prakul Thadi Aug 8

Insolvency Law

VirtuaLaw Blog

Critical Analysis of Indian Corporate Laws

Prepacks for MSMEs

Pre-packs & 29A

Madras HC: IBBI is empowered to levy fee as a % of Annual Remuneration drawn as an IP

When there’s no wisdom, how come “Commercial Wisdom”?

IBBI amends Liquidation Process and Voluntary Liquidation Process Regulations

IBBI amends Insolvency Resolution Process Regulations

JUDICIAL INTERVENTION AND IBC

SC: NOT INCLINED TO INTERFERE WITH THE DECISION OF CoC OF DHFL TO COMMENCE LENDING OPERATIONS

“GOVERNING LAW” CLAUSE OF AN AGREEMENT CANNOT RESTRICT THE JURISDICTION OF NCLT: NCLAT

NCLT HAS THE POWER TO EXCLUDE THE PERIOD OF DELAY IN APPOINTING THE “RP” IN PLACE OF THE “IRP”: NCLAT

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