Ex-CEO’s insolvency petition against eSmart Energy Solutions gets rejected
In an intriguing case, the former CEO of a company files an insolvency petition against the company citing non-payment of...
NCLT
IBC should be used as last option for stressed real estate projects: Panel
Judicial interventions such as Insolvency and Bankruptcy Code (IBC) should be used only as a last resort in case of...
Stakeholders discuss challenges in resolution of real estate companies
Non-acceptance or part acceptance of claims, multiple litigation or non-cooperation by suspended directors, litigation by government agencies, and delay in...
IBBI releases guidelines for selection of panel of insolvency professionals
The Insolvency and Bankruptcy Board of India (IBBI), the insolvency regulator, has sought expression of interest from insolvency professionals by...
“Separate the process of approval of resolution plan and distribution of proceeds”
In order to avoid wastage of time due to objections about the distribution of proceeds raised when the resolution plan...
NCLT performance in insolvency & bankruptcy cases
The delay in resolution of cases under the Insolvency and Bankruptcy Code, 2016 is often attributed to an understaffed National...
IBC is key to bolstering start-up ecosystem in India
The Insolvency and Bankruptcy Code (IBC) has been key in releasing entrepreneurship from honest business failures, which is important as...
Govt approves appointment of 18 members of NCLT
Given the concerns over vacant posts in National Company Law Tribunal (NCLT), the appointments committee of the cabinet has approved...
NCLT allows new management to complete statutory compliances prior to resolution
The Mumbai bench of the National Company Law Tribunal (NCLT) has in an important judgement allowed the successful resolution applicant...
‘Incomplete’ financial statements no reason for rejection of insolvency application: NCLAT
The insolvency law does not empower the National Company Law Tribunal (NCLT) to reject an insolvency petition on the ground...