Insolvency & Bankruptcy

IBC Code: Important Supreme Court Judgments in 2017

India ushered into a new bankruptcy regime in 2017 with the enactment of Insolvency and Bankruptcy Code 2016 (“Code”). The Code is currently going through initial stages of teething issues, which every law has to


Certificate from Financial Institutions, Demand Notice by Lawyers…year-end brings clarity to IBC Code

The decision of the Supreme Court Bench consisting of J. F Nariman and J N Sinha in Macquarie Bank Limited Vs. Shilpi Cable Technologies Limited[1] brought clarity to two crucial issues pertaining to Insolvency and

Reserve Bank of India Directs Submission of Financial Information to Information Utilities

Establishing the accuracy of records is one of the crucial aspects of insolvency process. Towards this end, Insolvency and Bankruptcy Code of India 2016 (“Code”) requires submission of financial information and information relating to assets

Validity of Demand Notice Issued by Lawyers Under IBC

Validity of a demand notice under the Insolvency and Bankruptcy Code 2016 (“IBC”) issued by a lawyer on behalf of his client  came under the consideration of National Company Law Appellate Tribunal (“NCLAT”), the appellate tribunal

Arbitration instituted after declaring moratorium under the I&B Code is non-est in law

The Supreme Court in its recent judgement passed by a division bench of J.Rohinton Fali Nariman and J. Sanjay Kishan Kaul in Alchemeist Asset Reconstruction Company Ltd v. M/s. Hotel Gaudavan Pvt. Ltd. & Ors.[1]

Limitation Act will not apply to Insolvency Proceeding?

The National Company Law Appellate Tribunal (“NCLAT”) in its recent judgment in Black Pearls Hotel Pvt. Ltd v. Planet M Retail Ltd.[1] examined the issue whether the period of limitation prescribed under the Limitation Act

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