India’s first personal insolvency proceeding begins against first gen entrepreneur Anil Syal
Anil Syal, the chief executive officer and promoter of Flywheel Logistics Private Limited (FLPL), has become the first personal guarantor...
Month: November 2020
Insolvency petitions by home buyers can’t be dismissed by merely citing malicious intent
Should an insolvency plea against the builder by home buyers be dismissed only on the pretext that the petition is...
SAT overturns SEBI decision to levy penalty on Monnet Ispat; says IBC overrides market regulator
The Securities Appellate Tribunal (SAT) has once again emphasized that IBC overrides the Securities and Exchange Board of India (SEBI),...
Madras HC dismisses petition against insolvency professionals requiring authorization for assignment
The Madras High Court has dismissed a writ petition challenging the constitutional validity of the regulation requiring an insolvency professional...
Government losing money as recoveries against statutory dues are a pittance
Is the government losing money at the cost of bankers and other creditors in the Insolvency and Bankruptcy Code (IBC)?...