Operational Creditors Cannot File Joint Application

Operational Creditors Cannot File Joint Application  National Company Law Appellate Tribunal (“NCLAT) in Uttam Galva Steel Limited Vs. DF Deutsche Forfaight AG[1] considered the following questions under Insolvency & Bankruptcy Code (the “Code”): Whether a



List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims. Sr. No. NCLT Bench Name of Corporate Debtor Name of Insolvency Professional Insolvency Commencement Date Last


Disclosure of proceeding under Negotiable Instrument Act is immaterial while filing Insolvency Proceedings

The Kolkata bench of the National Company Law Tribunal (“NCLT”) held that while filing an application for insolvency under the Insolvency and Bankruptcy Code 2016 (the “Code”) it was not necessary to disclose the fact


Supreme Court Allows Withdrawal of Insolvency Application after Admission

In a latest judgment, the division bench of the Supreme Court comprising of J. Rohinton Fali Nariman and J. Sanjay Kishan Kaul, in Lokhandwala Kataria Construction Private Limited v. Nisus Finance and Investment Managers LLP[1]

Supreme Court allows Contempt Proceeding against Violation of the Order of Arbitral Tribunal

The Supreme Court in its recent judgment dated 20th July 2017 in Alka Chandewar v. Shamshul Israr Khan in Civil Appeal No. 8720 of 2017 held that the Arbitral Tribunal can make representation to High


Government’s Drive Against Corporate Bad Loans Gets A Big Boost

The High Court of Gujarat (“High Court”) on 17th July 2017 dismissed a plea by Essar Steel (“Essar”) against a circular issued by the Reserve Bank of India (“RBI”) on 13th June 2017. This circular

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