Limitation Act will be applicable retrospectively to the I&B Code
The Supreme Court of India in BK Education Services Private Limited vs. Parag Gupta and Associates[1] held that Section 238 A of the Insolvency and Bankruptcy Code (the “Code”), which was inserted pursuant to an
Claims under Non-Invoked Corporate Guarantee has to be admitted under I&B Code
In a landmark judgment[1], National Company Law Appellate Tribunal (“NCLAT”) settled law under Insolvency and Bankruptcy Code 2016 (“IBC”) in respect of claims arising out of counter corporate guarantee and non-invoked guarantee. IBC mandates Resolution
MORATORIUM WOULD NOT APPLY TO PERSONAL GUARANTOR OF CORPORATE DEBTOR
The Supreme Court of India delivered two judgments under the Insolvency and Bankruptcy Code 2016 (“Code”) recently. While one judgment dealt with the applicability of moratorium under the Code over proceedings against personal guarantor of
IBC Ordinance Removes Uncertainty Regarding applicability of Limitation Act
Insolvency & Bankruptcy Code (Amendment) Ordinance, 2018 (“Ordinance”) settled uncertainty regarding the applicability of Limitation Act 1963 over proceeding under the Insolvency and Bankruptcy Code 2016 (“Code”). The Ordinance introduced a new section 238 A
President Approves Amendments to Insolvency & Bankruptcy Code
Paving the way for certain big-ticket reforms to the Insolvency and Bankruptcy Code 2016 (“Code”), the President has given his assent to the promulgation of Insolvency & Bankruptcy Code (Amendment) Ordinance, 2018 (“Amendment”). Significant changes
BANKRUPTCY CODE – PUBLIC ANNOUNCEMENTS
List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims Sr.No NCLT Corporate Debtor Name of Insolvency Professional Insolvency Commencement Date Last Date For Submission Of
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