Category: Legal

Clipped from: https://www.indialaw.in/blog/blog/banking-and-finance/the-principle-of-as-is-where-is-and-as-is-what-is-basis-in-relation-to-secured-assets-purchased-in-public-auction-under-sarfaesi-act2002/ INTRODUCTION As the Legal frame work and mechanism for curtailing and controlling mounting Non- Performing Assets (“NPA”) has become inadequate and outdated which

Clipped from: https://indiankanoon.org/doc/52706974/Andhra High Court *THE HONBLE SRI JUSTICE SANJAY KUMAR AND THE HONBLE SRI JUSTICE P.KESHAVA RAO WRIT PETITION NO.39084 OF 2017 21-02-2018 Mr. Mandava

Clipped from: https://indiankanoon.org/doc/107658231/Delhi High Court THE HIGH COURT OF DELHI AT NEW DELHI % Judgment delivered on: 10.09.2014 + W.P.(C) 2005/2012 & CM No.16665/2013 ROYAL STAR

Clipped from: https://www.mondaq.com/india/securitization-structured-finance/1044610/the-concept-of-as-is-where-is-and-as-is-what-is-a-secured-creditor39s-point-of-responsibility Introduction As the legal framework for curtailing and controlling mounting Non-Performing Assets (“NPA“) started becoming inadequate, there was a spike in the number

Clipped from: https://www.mondaq.com/india/insolvencybankruptcy/1049336/termination-of-power-purchase-agreements-under-ibc?type=popular Our viewpoint It is a well understood fact that a PPA is sine quo non for not only the functioning but the very existence of

Clipped from: https://www.mondaq.com/india/insolvencybankruptcy/1023948/what-is-pre-pack-insolvency-or-bankruptcy?type=popular The Insolvency and Bankruptcy Code, 2016, has boosted the industry in terms of either reviving the company in question or faster liquidation of

Clipped from: https://www.mondaq.com/india/insolvencybankruptcy/1050172/section-14-of-the-insolvency-and-bankruptcy-code-2016-vis-vis-section-138-of-the-negotiable-instruments-act-1881-what-prevails?type=popular An order of moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 shall cover proceedings under Sections 138 and 141 of

Clipped from: https://www.trilegal.com/index.php/publications/update/supreme-courts-decision-in-jaypee-matter-clarifies-various-aspects-under-ib?utm_source=Mondaq&utm_medium=syndication&utm_campaign=LinkedIn-integration In a landmark decision, the Supreme Court of India clarifies various facets of the Insolvency and Bankruptcy Code, 2016 while extending the corporate

Clipped from: https://www.thehindubusinessline.com/business-laws/the-limits-of-as-is-where-is-in-sarfaesi-auctions/article34124619.ece The SARFAESI Act of 2002 empowers a secured creditor—usually, a bank—to sell the pledged immovable property and recover his dues. Such sales are

Clipped from: https://www.business-standard.com/article/companies/sc-remits-to-creditors-jaypee-infratech-s-resolution-plan-for-approval-121032401336_1.html The Supreme Court Wednesday remitted to the Committee of Creditors (CoC) the issue of approval of resolution plan for debt-ridden Jaypee Infratech Ltd

Clipped from: https://www.business-standard.com/article/companies/nbcc-suraksha-group-submit-revised-bids-to-acquire-jaypee-infratech-121040801690_1.html This is the fourth round of bidding process for Jaypee Infratech, which went into insolvency proceedings in August 2017 NBCC and Suraksha have