Article – IBC Law Reporter

Distribution of accumulated cash lying in the bank account of the CD to the stakeholders | Section 53 & Regulation 42 of Liquidation Regulations

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Post published:August 11, 2021
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The Adjudicating Authority observed that Regulation 42 of the Liquidation Process Regulations, 2016 provides that the Liquidator can commence with the distribution once the list of stakeholders and asset memorandum…

Monitoring Committee or the Resolution Applicant is not empowered to file/pursue PUEF/avoidance transactions proceedings | NCLT Delhi | 01.07.2021

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Post published:July 16, 2021
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TUF Metallurgical Pvt Ltd. Vs. Ex Resolution Professional & Ors CA. No. 1424/ND/2020 FACTS 1) CIRP was initiated against the CD i.e. Albus India Limited. COC in…

IBC Law Reporter’s Insights on new changes in CIRP Regulations | 14.07.2021

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Post published:July 15, 2021
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Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2021. These amended regulations shall apply to every CIRP ongoing or commencing on or after…

Neither the proceedings for recovery of the dues nor the proceedings for recovery of possession of the allotted premises can be allowed to continue or any proposed action in that regard can be sustained during the currency of the CIRP-NCLT Mumbai

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Post published:July 13, 2021
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IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH Ashok Kumar Dewan (Resolution Professional) vs. The Development Commissioner Office of the Development Commissioner, SEEPZ – Special Economic Zone, MA No.2642 of…

Bank Guarantee (BG) can be invoked even after the declaration of moratorium under Section 14 of the IBC, 2016- NCLAT

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Post published:July 10, 2021
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NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH,NEW DELHICOMPANY APPEAL (AT)(INSOLVENCY) NO.759 OF 2020 BHARAT ALUMINIUM CO. LTD V/S J.P. ENGINEERS PVT LTD. & ORS. FACTS 1) Section 9 application was…

Whether a writ petition before the HC under article 226 of the Constitution is maintainable against the NCLT order when an alternative remedy of filing an appeal before the NCLAT is available?

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Post published:July 9, 2021
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IN THE HIGH COURT OF KERALA AT ERNAKULAM WP(C) NO. 8257 OF 2021 IDEAL SURGICALS V/SNATIONAL COMPANY LAW TRIBUNAL & ORS. FACTS OF THE CASE 1) Petitioners are the…

TURBULENT JOURNEY OF JET AIRWAYS-A RESOLUTION WITH CONTINGENCIES

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Post published:July 7, 2021
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-By Research Team of IBC Law Reporter #JET-SET-GO INTRODUCTION From one of the first private successful airline operators in India to the first company that tasted cross-border insolvency proceedings. Before…

ANALYZING THE RESOLUTION PLAN OF VIDEOCON- CONSOLIDATED CIRP OF 13 VIDEOCON GROUP COMPANIES

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Post published:June 22, 2021
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-By Research Team of IBC Law Reporter INTRODUCTION From the First Indian company to acquire a license to manufacture Color TV’s to the first case where the Hon'ble NCLT recognized…

Extension of timelines under the approved Resolution Plan due to COVID pandemic-Order passed by NCLT Kolkata

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Post published:June 19, 2021
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-By Research Team of IBC Law Reporter ORDER The second surge of the pandemic has supervened in a major way, affecting lakhs of people. We are convinced that there is…

Analysing the Resolution Plan of Dewan Housing Finance Corporation Limited (DHFL) and the journey ahead – India’s First Resolution Plan of a Financial Service Provider

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Post published:June 16, 2021
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-By Research Team of IBC Law Reporter INTRODUCTION & BACKGROUND OF CIRP From one of the largest deposits taking Housing Finance Company to first Financial Service Provider that went through…