New Winding-up Rules notified by MCA eases process of closing small businesses

The Ministry of Corporate Affairs (“MCA”) vide its notification dated 24th January, 2020 has notified the long awaited rules for winding up i.e. Companies (Winding Up) Rules, 2020 (“Winding-up Rules”). The Winding-up Rules will come

NCLT

Judgment on IBC

Important Case Laws 2019 The Insolvency and Bankruptcy Code, 2016   SUPREME COURT OF INDIA    Swiss Ribbons Pvt. Ltd. &Anr. Vs UOI &Ors  (Supreme Court of India) (2019) 4 SCC OnLine SC 17 (Judgment

Insolvency and Backruptcy

Applicability of Limitation Act to Insolvency Cases

The Insolvency & Bankruptcy Code 2016 (“IB Code”) was enacted in 2016. The question of applicability of the the Limitation Act, 1963 (“Limitation Act”) to IB Code continues to be a bone of contention till

Insolvency and Backruptcy

FATE OF THE ACCOUNTS COVERED UNDER THE FEBRUARY 2018 CIRCULAR POST SUPREME COURT JUDGMENT

The Supreme Court of India in the matter of Dharani Sugars & Chemical Ltd Vs. Union of India struck down Circular dated 12th February 2018 issued by RBI as ultra vires of section 35AA of

Insolvency and Backruptcy

Supreme Court Allows Withdrawal of CIRP after issue of invitation for expression of interest

In a judgment with far reaching consequences in Brilliant Alloys Private Limited Vs. Mr. S. Rajagopal & Ors[1], a bench of the Supreme Court consisting of Mr. J Rohinton Fali Nariman and Mr. J Navin Sinha

Insolvency and Backruptcy

No automatic transfer of winding up proceeding under SICA to NCLT

In a recent judgment delivered by the Hon’ble Supreme Court presided by the division bench of R.F. Nariman J. And M.R. Shah J. dated 12th December 2018 in Jaipur Metals and Electricals Employees Organization v.

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