Delay in filing appeal under Section 42 of IBC can’t be condoned Suo Moto
Saurabh Gandhi Section 42 of the IBC states that a creditor may appeal to the Adjudicating Authority against the decision...
liquidator
NCLT prescribes dress code for resolution professionals, authorised representatives
The National Company Law Tribunal (NCLT) has mandated a dress code for interim resolution professional, resolution professional and liquidators for...
Major victory for Nicco Corporation staff; Liquidator ordered to recalculate dues
The employees of Nicco Corporation Ltd, the Kolkata-based EPC and Cable manufacturer, got a major victory after the National Company...
Govt proposes sweeping changes to strengthen the liquidation process
In a consultation paper floated on 27 August 2021, the insolvency regulator in India – Insolvency and Bankruptcy Board of...
Ten is too many assignments as resolution professional, five at a time is enough?
The Insolvency and Bankruptcy Board of India, the insolvency regulator, has amended the law to put a cap on the...
Australian Supreme Court suspends registration of liquidator Peter Ivan Macks for three years
The Supreme Court of South Australia on 12 February 2021 suspended Peter Ivan Macks’ liquidator registration for a period of...
In first judgement, Chennai NCLAT saves liquidator from ignominy; asks NCLT to remove adverse remarks
In its first judgement, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) came to the rescue of...
When a Sydney-based liquidator diverged insolvent Co. funds to personal accounts
A former registered liquidator from Lewisham, New South Wales, Amanda Young, has pleaded guilty to one count of fraud relating...
IBBI proposes new measures to make liquidation process faster
The Insolvency and Bankruptcy Board of India (IBBI) has finally shifted its focus to the much ignored area of unending...
Insolvency regulator issues list of red flags on avoidance transactions
Certain categories of enterprises operating in domains such as trading infrastructure, construction, EPC contracts, real estate, power, Steel etc are...