Debt-ridden Videocon Group today approached the principal bench of NCLT requesting it to direct all insolvency case, filed by its lenders against seven group companies
Category: Legal
Essar Steel: Lenders’ call on new round of bidding this week – Business Line–26.04.2018
Essar Steel’s Committee of Creditors (CoC) is veering towards inviting fresh bids for the stressed asset, paving the way for JSW Steel, Vedanta, Tata Steel,
IBC relief: New bankruptcy code tweak could put MSMEs ahead in claims queue – The Economic Times–25.04.2018
The ordinance is likely to allow people to file resolution applications on behalf of the financial creditors as their guardians or the administrators or executors
Bankruptcy cases: Resolution professionals under attack from bidders, NCLT | Business Standard News–25.04.2018
Resolution professionals (RPs) are coming under sharp attack not only from bidders but also the National Company Law Tribunal (NCLT) for not following the process
Writing a Will: Avoid these 8 mistakes while writing a will to ensure your assets are passed onto your heirs–24.04.2018
Where there’s a will, there’s usually someone ready to contest it. Where there’s none, someone is ready to fight over the inheritance anyway. This may
RERA: ET View: Amend IBC to bring it in sync with RERA – The Economic Times–24.04.2018
The government must amend the IBC to recognise the legitimate claim of home buyers. A paper by industry lobby Assocham surmises that the Insolvency and Bankruptcy Code and the
Insolvency and Bankruptcy Code: Why defaulters can’t be let to buy firms at cut-rate prices – The Financial Express–24.04.2018
The judges could have considered the fact that the Insolvency and Bankruptcy Code (IBC) is in its early days—the government has amended it once already,
NCLAT adjourns hearing on Reliance Infratel asset sale to May 2–24.04.2018
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned to May 2 its hearing on the Reliance Infratel petition seeking permission to sell its
IBBI must thwart bankruptcy getting stymied–23.04.2018
The rules set to implement the Insolvency and Bankruptcy Code would appear to be in conflict with the public policy goal of securing the highest
Right to equality can be invoked if COC violates IBC: NCLT Chairman – The Economic Times–22.04.2018
National Company Law Tribunal (NCLT) Chairman Justice M M Kumar today said that Article 14 of the Constitution (right to equality) can be invoked if the committee
NCLAT refuses stay on Binani Cement proceedings at Kolkata NCLT – The Financial Express–22.04.2018
The National Company Law Appellate Tribunal (NCLAT) today refused to stay the NCLT proceedings on the resolution process of debt-ridden Binani Cement. The appellate tribunal,
RP tells NCLT Rewant Ruia end beneficiary of Numetal – The Financial Express–22.04.2018
According to the RP, on the date of submission of the Numetal Resolution plan, (Feb 12, 2018), the shareholding of the applicant was: 40% held
Bankruptcy: View: India turns a bad-loan tragedy into a bankruptcy farce – The Economic Times-21.04.2018—–*****
India’s banks have waited for more than a decade for a modern bankruptcy code. By Andy Mukherjee Want to screw up a good law? Just
Arbitration and Conciliation (Amendment) Bill, 2018: A missed opportunity?–Business Today–20.04.2018
Government’s efforts to improve India’s rank on the index of ease of doing business and ease of dispute resolution are aimed at improving the business
Multi-layered protection against ecommerce fraud ? | Deccan Herald–20.04.2018—–*****
Payment choices are expanding. Data security tools are advancing and cyber criminals are adapting. Fraudsters are becoming increasingly sophisticated and more efficient in identifying and
Not sure if Aadhaar is best model to accord benefits, says Supreme Court – The Financial Express–20.04.2018
The Supreme Court today said it was not sure whether bringing people “face to face” with authorities through Aadhaar was the best model as the
Aadhaar’s biometric authentication can be misused, says Supreme Court – The Financial Express–19.04.2018
If biometric authentication is attached to every transaction entered into by a person, it would “form a wealth of information” necessitating the need for data
Digital threat: Govt needs to shore up cybersecurity infrastructure | Business Standard Editorials–19.04.2018
Given the strong emphasis on the Digital India Initiative and the massive reliance on information technology (IT) to run key policy measures, such as the
Insolvency: Electrosteel becomes first of ‘Dirty Dozen’ to be resolved under Insolvency Code–18.04.2018
Anil Agarwal, chairman of the Vedanta Group told BloombergQuint that the Vedanta Group would look to complete the process of taking over Electrosteel Steels very
Motor insurance: Why 3rd party cover is not enough for your car – The Financial Express–18.04.2018
From this month, the mandatory third-party premium for cars with engine capacity of less than 1,000 cc has been reduce from Rs 2,055 to Rs
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