Decided on 16th November 2022 | NCLAT Principal Bench, New Delhi FACTS The Appellants contend that the total aggregate amount of the ‘Operational Debt’ from the Operational Creditors (OC) is …
Excel Engineering & Ors. v. Vivek
Muralidhar Dabhade Read more »
Decided on 28October 2022 | National Company Law Tribunal, Kolkata Facts of the case A company petition was filed by Trans Sea Transport B.V. under section 9 of the Insolvency …
Trans Sea Transport B.V. v. Lords Polymer (India) Private Limited Read more »
Mandating reliance on Information Utility for certain Financial Creditors Time being the essence of the Corporate Insolvency Resolution Process (“CIRP“), recommendations were made by the Insolvency Law Committee (“Committee“) constituted …
Decoding 5th report of insolvency law committee – may 2022 Read more »
Climate change has been at the forefront of most discussions over the past 5 years due to its impact on the environment and on people. However, we commonly overlook the …
Climate change and business solvency risk: An overview Read more »
Decided on 12 July 2022 | Supreme Court of India In Vidarbha Industries Power Ltd. vs Axis Bank Limited, the Supreme Court (“the Court”) observed that it is not mandatory …
Vidarbha Industries Power Ltd. vs Axis Bank Limited Read more »
In the recent Union Budget Session of 2022- 2023, an announcement was made to extend the jurisdiction of India’s Insolvency and Bankruptcy Code, 2016 (IBC) to cross-border insolvency. The current …
How India’s new draft law will impact cross-border insolvencies Read more »
Decided on 4th July 2022 | High Court of Punjab and Haryana In Vijay Kumar Ghai v. Pritpal Singh Babbar, the Hon’ble Punjab and Haryana High Court (“the Court“) held …
Decided on 25 July 2022 | Rajasthan High Court In Vishnu Oil Mill Pvt. Ltd. vs Union of India, the High Court of Rajasthan (“the Court“) observed that the provision …
Shreyas Jayasimha and Tushar Tyagi The Ministry of Corporate Affairs (“MCA“) issued a notification dated 15 November 2019 (“Notification“) that give effect to provisions for conducting the insolvency resolution process …
Insolvency Resolution Process Against Personal Guarantors Read more »
