Month: March 2021

Sinnar Thermal Power

SC stays termination of power purchasing agreement by Gujarat Urja Vikas Nigam Ltd on grounds of insolvency

In an important judgment, the Supreme Court has said that the NCLT/NCLAT had correctly stayed the termination of the Power...

Determining the Fair market value of asset

First step to efficient asset recovery: Adopting correct method for establishing fair market Value

By Sharad Sharma An asset recovery professional has an exciting routine. He may have a regular job yet he is...

Prevention of Corruption Act

SC snubs UP police for arresting Jaypee Infratech IRP Anuj Jain; orders immediate release

The Supreme Court has chastised the UP police for arresting interim resolution professional Anuj Jain for arresting in a case...

Resolution professional

Ongoing winding-up proceedings not a deterrent against filing insolvency petitions: Supreme Court

Insolvency application either under Section 7 or Section 9 of the Insolvency and Bankruptcy Code is an independent proceeding which...