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Due to a backlog of bankruptcy cases, India is no longer a viable option for dying businesses
There are 27 tribunals are being overseen by 29 judges around the country, which are at least 25 judges short of what is required. Many...
Aug 25, 20212 min read
SC upholds Centre’s Notification enforcing IBC provisions to the insolvency of personal guarantors
A Division Bench of the Hon’ble Supreme Court comprising Justices L. Nageswara Rao and S. Ravindra Bhat in Lalit Kumar Jain v. Union of...
Jun 24, 20213 min read
Initiation of Corporate Insolvency Resolution Process (CIRP) under IBC – A step by step guide
The Insolvency and Bankruptcy Code, 2016 is an attempt to reform the Corporate Insolvency Resolution Process by allowing faster...
Jun 24, 20219 min read
The resolution process may be jeopardised if new claims pop-up
The matter of Harish Polymer Product v. George Samuel and Another, REED 2021 NCLAT Del 06564, was heard in the National Company Law...
Jun 23, 20214 min read
Moratorium under IBC: Its effect on parallel proceedings
The moratorium under the Insolvency and Bankruptcy Code, 2016 (IBC) means a period wherein no judicial proceedings for recovery,...
Jun 21, 20218 min read
REEDLAW IBC Newsletter | 14 - 20 June 2021
IBC Newsletter is an initiative by REEDLAW to provide the latest weekly updates on Insolvency, Bankruptcy and Banking laws to its readers.
Jun 20, 20211 min read
NCLT Mumbai raises doubt over the confidentiality of liquidation value of Videocon group companies
A two-member bench of the National Company Law Tribunal, Mumbai (NCLT) comprising members H. P. Chaturvedi, Judicial Member and Ravikumar...
Jun 18, 20214 min read
Ineligibility under section 29A of IBC attaches at a time when the Resolution Plan is submitted
The Bench of Hon’ble National Company Law Appellate Tribunal, New Delhi comprising officiating Chairperson Justice A.I.S. Cheema and the...
Jun 16, 20213 min read
PNB to remit amount back to Corporate Debtor as the same debited to settle liability qua facilities
The Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi in a matter, upheld the order of the National Company Law Tribunal...
Jun 15, 20212 min read
SC rules Moratorium u/s 14 of IBC covers proceedings initiated against corporate debtor u/s NI Act
A Full Bench of the Hon’ble Supreme Court comprising Justices R.F. Nariman, Navin Sinha, and K.M. Joseph, held that proceeding under...
Jun 14, 20214 min read
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