Category: IBC-SEBI

Clipped from: https://taxguru.in/corporate-law/petition-u-s-9-ibc-rejected-grounds-raising-fake-claim-pre-existing-dispute.html Romi Datta Vs Sigma Supply Chain Solutions Pvt. Ltd. (NCLAT Delhi) Conclusion: Adjudicating Authority didn’t commit any error in holding that all requisite conditions

Clipped from: https://www.thehindubusinessline.com/opinion/ibc-reform-needs-to-strike-fine-balance/article68996878.ece Creditor-in-control model may need to be fine-tuned to make it a bit more debtor-friendly Since the introduction of the Insolvency and Bankruptcy Code

Clipped from: https://taxguru.in/corporate-law/resolution-plan-approved-changed-post-arbitration-proceedings.html Yes Bank Limited Vs Katerra India Private Limited (NCLT Bengaluru) NCLT Bengaluru held that once the Resolution Plan is approved, no claim that

Clipped from: https://taxguru.in/company-law/application-u-s-9-ibc-rejected-performance-pay-operational-debt-nclat-chennai.html M Ramakanth Vs Nagarjuna Fertiliser and Chemicals Limited (NCLAT Chennai) NCLAT Chennai held that claim raised by operational creditor towards performance pay cannot

Clipped from: https://www.taxscan.in/written-agreement-not-mandatory-to-prove-financial-debt-when-other-materials-on-record-are-available-nclat/464813/ The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has ruled that it is not necessary for financial debt to

Clipped from: https://www.taxscan.in/declaration-of-loan-account-as-npa-can-be-considered-as-date-of-default-to-file-petition-u-s-7-of-ibc-nclat-rules-in-favour-of-ubi/464877/ In a ruling in favour of Union Bank of India (UBI), the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that  date of declaration

Clipped from: https://www.thehindubusinessline.com/economy/india-needs-a-tailored-group-insolvency-framework-says-ibbi-chief/article68962151.ece Ravi Mital emphasises the urgency for dedicated provisions under IBC, highlighting gaps despite NCLT’s case-by-case interventions India must go in for a specific

Clipped from: https://indianexpress.com/article/business/committee-of-creditors-code-of-conduct-rbi-deputy-governor-m-rajeshwar-rao-9711798/ The Insolvency and Bankruptcy Board of India (IBBI) should enforce a code of conduct for the Committee of Creditors (CoC), as their performance

Clipped from: https://taxguru.in/corporate-law/ibbi-suspends-ip-failing-act-homebuyers-interest-cirp.html The Insolvency and Bankruptcy Board of India (IBBI) Disciplinary Committee issued Order No. IBBI/DC/252/2024 on November 22, 2024, addressing Show Cause Notice (SCN)

Clipped from: https://www.thehindubusinessline.com/companies/ibbi-proposes-to-make-monitoring-committee-mandatory-for-all-resolution-plans/article68894903.ece The proposed framework empowers the CoC to take the final decision on the constitution, composition, and functioning period of the monitoring committee, as

https://www.financialexpress.com/opinion/reimagining-nclt/3669579/?ref=hometop_hp The 2010 Madras High Court Bar Association judgment needs a review to allow appointments to economic law tribunals to be made differently than traditional

Clipped from: https://www.thehindubusinessline.com/companies/ibbi-moves-to-tighten-auction-rules-mandates-stakeholder-oversight-in-liquidations/article68886786.ece Also need to maintain Corporate Liquidation Account within Public Accounts of India to be dispensed with; IBBI floats discussion paper, public comments invited

https://www.financialexpress.com/opinion/from-deep-haircuts-to-higher-recoveries/3663489/?ref=opinion_hp The Delhi High Court’s recent direction to the Insolvency and Bankruptcy Board of India (IBBI) to frame a code of conduct for the CoC

https://www.thehindubusinessline.com/economy/take-recovery-from-avoidance-transactions-seriously-ibbi-tells-creditors/article68860387.ece Recovery for creditors could go up at least 10 per cent on such approach, says IBBI Chief Mital; Till Sep 2024, total clawback on