Insolvency and bankruptcy code

Share Tweet Plus One Pin It Email Print By: Aasavri Rai April 5, 2018 11:50 am Change Font Size OakBridge Publishing is conducting a seminar on the theme ‘Insolvency & Bankruptcy Code: Demystified’. Date: 20th April, 2018 (9:00 AM to 5:30 PM) Venue: Shangri-La Hotel, New Delhi The seminar seeks to be a platform for an in-depth discussion on law, procedure, and practice around the Code and interpretation of the amendments by the best minds in this domain. It endeavors to achieve a ­fine blend of scholarly lectures and exhaustive panel discussions to debate the law, gaps and the way forward. Who Should Attend: CEOs, CXOs, CFOs and Senior Executives of Leading Indian Corporates and MNCs Corporate Counsels Legal Consultants and Advisors Litigators Insolvency Professionals Confirmed Speakers: Mr. Sumant Batra, Managing Partner & Head – Insolvency Practice, Kesar Dass B & Associates Mr. Vishal Garg, Group Legal Counsel, South East Asia … [Read more...] about OakBridge Publishing’s Seminar on Insolvency & Bankruptcy Code [20th April; New Delhi]

Share Tweet Plus One Pin It Email Print By: Manu Sebastian November 15, 2018 10:51 am Change Font Size Holding that corporate debtor cannot maintain appeal under the Insolvency and Bankruptcy Code, the National Company Law Appellate Tribunal dismissed an appeal. The appeal was filed by M/s Radius Infratel Pvt Ltd, which challenged an order passed by Adjudicating Authority admitting an application under Section 7 of the IBC moved by a financial creditor. The Tribunal noted that the Supreme Court had held in Innoventive Industries Ltd vs ICICI Bank and others that corporate debtor cannot maintain appeal. It was held by the SC bench of Justice R F Nariman and Justice S K Kaul in that case as  : “According to us, once an insolvency professional is appointed to manage the Company, the erstwhile Directors who are no longer in management, obviously cannot maintain an appeal on behalf of the Company. In the present case, the … [Read more...] about Corporate Debtor Cannot Maintain Appeal Under Insolvency & Bankruptcy Code : NCLAT [Read Order]

By: Live Law News Network 2019-01-25T10:42:31+05:30 The Supreme Court today upheld the constitutional validity of the Insolvency and Bankruptcy Code 2016 in its "entirety". The bench of Justices R F Nariman and Navin Sinha had reserved orders on January 16 on the petitions challenging the validity of IBC. The petitions were moved by South Indian Sugar Mills Association and Bhushan Steels Ltd, contending that IBC was discriminatory and unfair to operational creditors as compared to financial creditors. The apex court had transferred to it similar petitions filed in various High Courts. During the hearing, Justice Nariman had expressed the need to have circuit benches of NCLAT in metros. From the batch of petitions challenging IBC, the bench had split up the petitions challenging the circular issued by RBI on February 12, which had directed lenders to initiate IBC proceedings against defaulters in the sectors of power, steel and textiles.Private power companies challenged the … [Read more...] about Breaking : Supreme Court Upholds Validity Of Insolvency & Bankruptcy Code

By: Live Law News Network 2019-01-25T10:42:31+05:30 The Supreme Court today upheld the constitutional validity of the Insolvency and Bankruptcy Code 2016 in its "entirety". The Court however held that to attract the bar under Section 29A from participating in resolution process, "related person" should be a person connected to the defaulting entity. The bench of Justices R F Nariman and Navin Sinha had reserved orders on January 15 on the petitions challenging the validity of IBC. The bunch of petitions were moved primarily contending that IBC was discriminatory and unfair to operational creditors as compared to financial creditors. The apex court had transferred to it similar petitions filed in various High Courts. During the hearing, Justice Nariman had expressed the need to have circuit benches of NCLAT in metros. From the batch of petitions challenging IBC, the bench had split up the petitions challenging the circular issued by RBI on February 12, which had directed lenders … [Read more...] about Breaking : Supreme Court Upholds Validity Of Insolvency & Bankruptcy Code [Read Judgment]

By: Live Law News Network 2019-01-25T10:42:31+05:30 The Supreme Court today upheld the constitutional validity of the Insolvency and Bankruptcy Code 2016 in its "entirety". The Court however held that to attract the bar under Section 29A from participating in resolution process, "related person" should be a person connected to the defaulting entity. The bench of Justices R F Nariman and Navin Sinha had reserved orders on January 15 on the petitions challenging the validity of IBC. The bunch of petitions were moved primarily contending that IBC was discriminatory and unfair to operational creditors as compared to financial creditors. The apex court had transferred to it similar petitions filed in various High Courts. During the hearing, Justice Nariman had expressed the need to have circuit benches of NCLAT in metros. From the batch of petitions challenging IBC, the bench had split up the petitions challenging the circular issued by RBI on February 12, which had directed lenders … [Read more...] about IBC : Supreme Court Upholds Validity Of Insolvency & Bankruptcy Code [Read Judgment]