Jun 12, 20232 minNCLAT Set Asides the NCLT's Rejection of Resolution Plan Based on ARC Involvement and RBI ApprovalIn a significant development, the National Company Law Appellate Tribunal (NCLAT) has held today that the rejection of a Resolution Plan...
Jun 11, 20233 minIf the SARFAESI Auction Sale is Not Confirmed, the Forfeiture of the Advance Amount is Not ValidThe Debts Recovery Appellate Tribunal (DRAT), Chennai Bench comprising Justice S. Ravikumar was hearing an appeal on SARFAESI Act and...
Jun 8, 20233 minPower to Recall a Judgment is Inherent in NCLAT Even Though It Does Not Possess the Power of ReviewThe Five-Judge Bench of the National Company Law Appellate Tribunal, New Delhi comprising Justice Ashok Bhushan, Chairperson, Justice...
Jun 8, 20232 minIBBI Releases Discussion Paper to Boost Resolution Possibilities and Value under IB CodeIntroduction: The Insolvency and Bankruptcy Code, 2016 (Code) was enacted with the aim of expediting the resolution process and...
Jun 8, 20232 minThe IBBI Seeks Simplification of Enrolment and Registration Process for Insolvency ProfessionThe Insolvency and Bankruptcy Board of India (IBBI) has recently released a discussion paper inviting public comments on the...