Companies (Transfer of Pending Proceedings) Second Amendment Rules 2017: Extension of time for application to transfer pending winding up proceedings
The Ministry of Corporate Affairs (“MCA”) further extended the date for filing application for transferring pending winding up application to National Company Law Tribunal (“NCLT”). In December 2016 MCA had issued Companies (Transfer of Pending
Bankruptcy Code – Public Announcements
List of applications admitted by NCLT’s 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 Date
Applications under Insolvency code touching 100.
Despite nearly six months of its coming into existence, the new insolvency regime is on a slow start. So far 99 applications have been admitted in all its 10 benches across the country. Below are
Seat of Arbitration is akin to an Exclusive Jurisdiction Clause
The Supreme Court in a recent judgement in Indus Mobile Distribution Private Limited v. Datawind Innovations Private Limited & ORS (Civil Appeal No in 5370-5371 of 2017) ruled that once the seat of arbitration in
PREMIUM CAN NOT BE PART OF CAPITAL EMPLOYED IN THE BUSINESS OF COMPANY
The Supreme Court in its recent judgment ruled that the premium amount collected by the Company on its issued share capital is not a part of the ‘capital employed in the business of the Company’
Insolvency Professional cannot play two roles viz.‘profession’ and ‘employment’ simultaneously
The Insolvency and Bankruptcy Board of India (“IBBI”), the regulatory body constituted under the Insolvency and Bankruptcy Code, 2016 (the “Code”), in its first order rejected an application for registering an Insolvency Professional (“IP”). The
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