Making a strong case for liquidation sales at undisclosed reserve prices
By Megha Mittal As per Regulation 39 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation...
Month: October 2020
How Deccan Chronicle promoters made a mockery of the insolvency process
Are unscrupulous promoters of defaulting companies making a mockery of the insolvency regime in the country by indirectly controlling their...
Mistakes they make: Common violations that land insolvency professionals in trouble
Given the kind of responsibility and power that comes with the role of a resolution professional, it is only pertinent...
NCLAT dismisses insolvency proceedings after doubts over financial creditor
An insolvency application under Section 7 of the Insolvency and Bankruptcy Code (IBC) admitted by the National Company Law Tribunal...
India offers $150 billion stressed assets market for foreign funds
India has an attractive $150 billion stressed assets market for foreign stressed assets funds to explore, and that the Insolvency...
Pre-pack insolvency framework likely soon; Panel to submit report in a week
Pre-packaged (pre-packs) insolvency resolutions are soon going to be a reality in India. The Committee set up under the Insolvency...
Increased default limit for triggering insolvency not applicable retrospectively: NCLAT
The Central Government’s notification dated 24 March 2020 enhancing the minimum amount of default limit from Rs one lakh to...
Let the vacuum left by suspension of IBC be filled by Mediation
By Sanjeev Ahuja Mediation is also often described as "assisted and without prejudice negotiation” and rightly so. The process is...
Why ARCs should get a chance to bid for corporate debtors under IBC
Should the asset reconstruction companies (ARCs) be allowed to submit resolution plan under the Insolvency and Bankruptcy Code? It’s a...
Unpaid lease rentals qualify as operational debt under IBC, rules NCLAT
Should lease rentals dues arising from the ‘Leave and Licence Agreement’ be categorized as an operational debt under the Insolvency...