Operational creditors get their due, but IBC slows Given their vastly larger loans, or skin in the game, it is not surprising that the Insolvency
Category: Legal
NCLT approves 45 resolution plans, orders 19 liquidations in 2 years of IBC | Business Standard News–R
The National Company Law Tribunal (NCLT) has sanctioned 45 resolution plans almost two years after the first set of insolvent corporates were taken for proceedings under the Insolvency and Bankruptcy Code
Lottery under GST to counterfeit note case, here are key court orders | Business Standard News
SC frowns on interim orders in NPAs The Supreme Court has disapproved of some high courts continuing to entertain matters arising from the Securitisation (Sarfaesi) Act and
Display of sanction plan mandatory at housing project site – The Hindu BusinessLine
In yet another good news for home-buyers, the Supreme Court ruled last week that all housing projects, including those which are not registered under the
Motor insurance claim: Important watchouts while filling motor insurance claim form – The Economic Times
A quick and inexpensive settlement is ideal for the insurance company, so be wary of accepting the initial offer. Meeting with an accident involves a
NCLT dismisses insolvency petition against Duncans Industries – The Financial Express
Vide the notification dated January 28, 2016 under Section 16E of the Tea Act, the central government had authorised the Tea Board to take over
Plan disclosure under RERA to cheque bounce case, here are key court orders | Business Standard Column
Plan disclosure must under RERA, RTI The details of a development plan must be disclosed if a person demands it from an information officer of
High Court stays action against some exporters for wrongly availing GST benefits – The Economic Times
GST law amendment had brought in pre-import condition that denies IGST benefits to imports which had happened after exports. In what may provide a respite
Essar Steel auction: SC gives ArcelorMittal, NuMetal 2 weeks to clear dues | Business Standard News
The Supreme Court on Thursday decided to give one more opportunity to ArcelorMittal and NuMetal to bid for Essar Steel, but only if they both paid off their non-performing
War on loan defaulters: Government to double NCLT members to speed up case disposal – The Financial Express
The government also recently set up three more NCLT benches (one each in Cuttack, Kochi and Jaipur), taking the total number of benches to 14.
What about operational creditors & workmen? Why IBC’s Committee of Creditors needs expansion – The Financial Express
Operational creditors can participate in the meeting but have no voting powers. Operational creditors are the neglected area. The Insolvency and Bankruptcy Board of India
Patients don’t have a voice – The Hindu BusinessLine
In mishaps such as J&J, it is important to hear the sufferer’s view It is politically correct for both the government and the industry to
Refinance and list, not wind up, IL&FS–Economic Times
The government is right to supersede the board of Infrastructure Leasing & Financial Services (IL&FS), given the large size and exposure of insurance, mutual funds
AMR Infrastructure: NCLT order may offer lifeline for homebuyers – The Economic Times
In a victory of sorts for homebuyers, the National Company Law Tribunal (NCLT) has ruled that it will go ahead and appoint a resolution professional even though
SC has completely blocked Aadhaar use by private players? No, it hasn’t. Sanjay Jain explains – The Financial Express
Don’t leave Sec 57 as open-ended as before There has been a lot of discussion, some panic and general confusion on what the Supreme Court
What about operational creditors & workmen? Why IBC’s Committee of Creditors needs expansion – The Financial Express
Operational creditors can participate in the meeting but have no voting powers. Operational creditors are the neglected area. The Insolvency and Bankruptcy Board of India
Beware of I-T refund messages, cyber criminals may trick you with fraud | Business Standard News
If you receive a text message from the income-tax (I-T) department stating a tax refund or demanding an outstanding tax liability, do not respond immediately. There are chances this message is
From noise pollution to arbitration, here are the key court orders | Business Standard News
Arbitration only if contract is final In order to refer a dispute to arbitration, there must be a concluded contract between the parties. When there is a global
Government, move fast on Aadhaar–Economic Times
The government should end the confusion over the status of Aadhaar in the wake of the Supreme Court verdict holding use of Aadhaar valid for
Companies pay up Rs 1.1 lakh crore for fear of insolvency action – The Economic Times-R
The number of cases filed is almost four times higher, sources said, but many are withdrawn before they are admitted as the borrower agrees to
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