Featured- Mediation Bill Will Prevent Protracted Litigation, Enable Ease Of Doing Business
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NCLT allows Promoters of MSME to submit Resolution Plan at belated stage – NCLT Hyderabad Bench
Justice Telaprolu Rajani and Shri Charan Singh Case Citation: (2023) ibclaw.in 379 NCLT For brief about the decision/expert summary of the case, full judgment and original judgment PDF, visit HERE.
Featured In Business Standard- Unsecured Lenders’ Dues to be Prioritised over Govt.’s: Supreme Court
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Whether inter se ranking of the charges among Secured Financial Creditors existing before initiation of CIRP will be recognized while distributing the sale proceeds in liquidation under Section 53(1) of IBC, 2016 – NCLT Hyderabad Bench
Judicial Member: Shri Justice Venkata Ramakrishna Badarinath Nandula Technical Member: Shri Charan Singh Case Citation: (2023) ibclaw.in 329 NCLT For brief about the decision/expert summary of the case, full judgment and original judgment PDF, visit HERE.
Corporate Debtor failed to refund or allot the shares against the money deposited towards purchase of shares, the said amount stand converted into debt – NCLT Hyderabad Bench
Shri Venkata Ramakrishna Badarinath Nandula and Shri Charan Singh Case Citation: (2023) ibclaw.in 266 NCLT The Adjudicating Authority held that a sum of Rs. one crore has been deposited by the Financial Creditor with the Corporate Debtor even though towards purchase of shares as the shares were not allotted, it was agreed by the Corporate […]
Quoted in MoneyControl coverage of Go First NCLT order
Quoted by LiveMint Concerning Future Retail’s (Big Bazaar) Insolvency Proceedings
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Declaring NPA And Wilful Defaulter: A Banker’s Obligation
Banks are evaluated on their standard of assets as well as their number of branches and deposit volume. Today, one of the major concerns for Indian banks are Non-Performing Assets (NPAs), as NPAs have detrimental effect on the bank’s earnings, liquidity and solvency. Failure in the banking industry could have a negative effect on several […]
Interplay between Moratorium under IBC and issuance of Sale Certificate under SARFAESI Act
As soon as the application of Corporate Insolvency Resolution Process (CIRP) is admitted under Section 7, 9 or 10 of the Insolvency and Bankruptcy Code (IBC/Code), a moratorium in terms of Section 14 of the Code is to be declared by the Adjudicating Authority and a public announcement under Section 13 is made declaring the […]
Withdrawal under Section 12-A IBC: Remedial Mechanism in the Interest of Stakeholders
The sole objective of the Insolvency and Bankruptcy Code, 2016 (IBC or the Code) is to provide an eloquent manner for revival, reorganisation, and resolution of distressed or bankrupt entities/persons in a time-bound manner. The very contemplation, advancing a time-bound mechanism for the resolution process makes it distinct from the previously existing laws relating to […]
