COMPANIES FRESH START SCHEME, 2020
Frequently Asked Questions on Companies Fresh Start Scheme, 2020
Read MoreIBC (Amendment) Ordinance, 2019: Practical Difficulties in filing CIRP Application by Home Buyers
The Insolvency and Bankruptcy (Amendment) Ordinance, 2019, introduced many important amendments and one among them is the threshold requirement for initiation of CIRP by home buyers. The Author made an attempt to highlight practical difficulties in filing CIRP application by home buyers after this Ordinance.
Read MoreDIRECTORS’ DUTIES DURING TWILIGHT ZONE
During twilight zone, it is highly likely that the directors or the senior management might enter into vulnerable transactions which can be prejudicial to the interests of stakeholders. The Author made an attempt to highlight the do’s and dont’s of a director during twilight zone.
Read MoreSC: NOT INCLINED TO INTERFERE WITH THE DECISION OF CoC OF DHFL TO COMMENCE LENDING OPERATIONS
The Supreme Court rejected the plea of depositors of DHFL and opined that it is not inclined to interfere with the decision of CoC. This article is an attempt to explore FRDI Bill assuming DHFL is being resolved under FRDI.
Read MoreWITHDRAWAL OF CIRP APPLICATION: ONLY POSSIBLE WAY TO REGAIN CONTROL BY PROMOTERS UNDER IBC
WITHDRAWAL OF CIRP APPLICATION: ONLY POSSIBLE WAY TO REGAIN CONTROL BY PROMOTERS UNDER IBC Withdrawal of application for initiation of corporate insolvency resolution process (“CIRP”) after its admission was originally not part of the Insolvency and Bankruptcy Code, 2016 (“Code” or “IBC”) as passed by the Parliament nor its originally notified rules or regulations. It
Read MoreFALL OF ‘DEFAULTER’S PARADISE’: HOW THREE YEARS LATER, IBC IS INDIA’S MOST AGILE ECONOMIC REFORM.
FALL OF ‘DEFAULTER’S PARADISE’: HOW THREE YEARS LATER, IBC IS INDIA’S MOST AGILE ECONOMIC REFORM. The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 was promulgated by the President on December 28, 2019. This is the fourth amendment to the Insolvency and Bankruptcy Code, 2016 (“Code” or “IBC”) ever since it was enacted three years ago
Read MoreFINANCIAL STRESS & INSOLVENCY ISSUES FOR MSMEs
FINANCIAL STRESS & INSOLVENCY ISSUES FOR MSMEs Micro, Small and Medium Enterprises (MSMEs) are amongst the strongest drivers of economic development, innovation, and employment. The sector also contributes in a significant way to the growth of the Indian economy with a vast network of about 63.38 million enterprises. The sector contributes about 45% to manufacturing
Read MoreNCLT HAS THE POWER TO EXCLUDE THE PERIOD OF DELAY IN APPOINTING THE “RP” IN PLACE OF THE “IRP”: NCLAT
NCLT HAS THE POWER TO EXCLUDE THE PERIOD OF DELAY IN APPOINTING THE “RP” IN PLACE OF THE “IRP”: NCLAT CASE SUMMARY Mrs. Vandana Garg – Appellant vs Reliance Capital Ltd. & Anr. – Respondent (Company Appeal (AT) (Insolvency) No. 603 of 2019) Order dated July 2, 2019 by Justice S.J. Mukhopadhaya (Chairperson), Justice A.I.S.
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