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Blogs - Debt Recovery Management - Centrik

CentrikBlogsLegal AdvisoryDebt Recovery Management

Category: Debt Recovery Management

DHFL’s Insolvency: How it will affect the Creditors and Debtors in the Market

Posted by Amar VivekPosted on December 13, 20190 CommentsCategories Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags Best Insolvency Professionals in Mumbai, DHFL goes insolvent, Insolvency case against DHFL, Insolvency proceedings against a NBFC, Insolvency proceedings against DHFL, Insolvency professionals in Delhi, Non-Banking Financial Sector, undergo insolvency proceedings

The institution of Insolvency proceedings against DHFL will result in Courts to venture out over new dimensions of prospective rights and liabilities of the financial service providers.

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Karnataka HC stays on NCLT order against Flipkart

Posted by Adv. Nazuk SethPosted on November 8, 2019December 12, 20190 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags Best Lawyers in Karnatka, Flipkart Insolvency Proceedings, Insolvency Case against flipkart, Insolvency Proceedings against Flipkart, insolvency proceedings initiated against the e-commerce firm, Insolvency professionals in Bangalore, Karnataka High Court stayed the CIRP process, Karnataka High Court take on flipkarts Insolvency, stay on NCLT order

Flipkart approached the Karnataka High Court for a stay on the CIRP process initiated by the NCLT. Further,  the Karnataka High Court stayed the CIRP process.

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Recovery of Money in a Speedy Manner

Posted by sangeetiPosted on November 4, 2019November 5, 20190 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery ManagementTags cases involving the recovery of money, How to initiate CIRP against a default debtor, non-payment of debt, Recovery of money in a speedy manner, what is Financial and Operational Debt, What is the process for initiating CIRP, When does a debt become due?, Who can file an application for recovery of debt

Money matters are a sensitive issue for everyone involved in the business as nobody would want to leave or lose their hard-earned money like that.

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Remedies Available for Homebuyers in Delayed Projects

Posted by sangeetiPosted on November 1, 2019November 1, 20190 CommentsCategories Authentic Legal Advice, Business Advisory, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal Advisory, RERA ConsultingTags Homebuyers can approach NCLT, homebuyers can approach RERA for delays, Homebuyers can approach RERA for Possession, legal remedies for delay in project, Legal Remedies for homebuyers, Legal remedy for Delay, Procedure under RERA, Process under consumer protection law, Process under IBC, remedies available under the Consumer Protection Act, Remedies for homebuyers under IBC, Remedies under RERA, What to do when project is Delayed

As a developing country, India had huge prospects for growth in the real estate sector, seeing this many people invested in the sector in good faith.

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In first of its kind, RERA Handovers the Project to Residents

Posted by AdminPosted on October 31, 2019November 8, 20190 CommentsCategories All For Startup, Business Advisory, Corporate Litigation-All In Way, Debt Recovery Management, Grievance Redressal, Legal Advisory, Legal Outsourcing, Registration And Compliance, RERA ConsultingTags completion of abandoned projects, completion of remaining project, judgement by the Panchkula RERA, Panchkula RERA Handover the project to residents, project handover by RERA, Project handover to association, RERA case against stalled project, RERA handovers the project to residents

1st of kind order from Hon’ble RERA, which is unique and real justice in real estate history. In the said case, the uncompleted project was handed over to the association to construct it through the pooling of money

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Where to file property related issues?

Posted by Shanu LambaPosted on October 9, 2019October 30, 20190 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Legal Advisory, RERA ConsultingTags claim for interest for the delay period, how to file a complaint against the builder, insolvency process against the builder, insolvency process against the debtor, Legal Remedies for homebuyers, NCLT under IBC, Remedies under RERA, where to file property related issues

If the builder is delaying in giving possession or not giving the property as per the agreements there are some effective legal remedies for the aggrieved homebuyers under the law.

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Insolvency Process starts against Rohtas Projects

Posted by Adv Aditya RamchandraPosted on October 9, 2019November 6, 20190 CommentsCategories Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Registration And Compliance, RERA ConsultingTags aggrieved homebuyers harassed by the builders, Application for Corporate Insolvency Resolution, Filing of claim, Financial creditors before NCLT, insolvency against rohtas, insolvency petition filed by the aggrieved homebuyers, Insolvency Process starts against Rohtas Projects, Insolvency professional can help in filing claim

This article is all about the insolvency process which has been initiated which may include filing of claims, acceptance of claims, making of the committee of creditors and resolution plan

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Can a Homebuyer approach RERA, NCLT and Consumer court simultaneously?

Posted by Adv.AnimeshPosted on October 1, 2019November 22, 20190 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal Advisory, RERA ConsultingTags aggrieved homebuyers, Insolvency & Bankruptcy Code, remedies provided under the RERA, remedies to homebuyers under the Consumer Protection Act, RERA application under Section 79, RERA VS NCDRC VS NCLT, RERA vs NCLT, RERA vs. NCDRC

The home buyers have multiple forums to their rescue and it depends on them as to under what procures and act or code they wish to proceed.

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Invocation of guarantee during Moratorium

Posted by Adv.AnimeshPosted on September 30, 2019November 7, 20190 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags CAN GUARANTEE BE INVOKED DURING MORATORIUM, company under insolvency proceedings, Insolvency & Bankruptcy Code, INVOCATION OF GUARANTEE, Moratorium, proceedings against a Guarantor of a Corporate Debtor

As per section 14 of the IBC 2016 and in the judgments it has been determined that during the moratorium period the invocation of guarantee against the ‘Company under Insolvency Proceedings/ CIRP.

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NCLAT: CIRP can be initiated against a Company whose name has been Struck off from the Registrar of Companies

Posted by Adv. Nazuk SethPosted on September 26, 2019October 16, 20190 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags CIRP, Corporate Insolvency Resolution Process(CIRP), Insolvency and Bankruptcy Code, NCLAT, NCLAT Delhi, Operational Creditor, ROC, Section 248, under section 7 and 9 of the Insolvency and Bankruptcy Code

The NCLAT has affirmed that a request for the initiation of the Corporate Insolvency Resolution Process(CIRP) under sections 7 and 9.

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Latest Blogs

  • Industrial Unit are not Covered under RERA- MAHARERA December 13, 2019
  • DHFL’s Insolvency: How it will affect the Creditors and Debtors in the Market December 13, 2019
  • Now Haryana RERA Amendment stayed by P&H High Court December 3, 2019
  • Stress Funds: A lifeline for stopped Project December 2, 2019
  • Properties of Promoters attached by HRERA to Ensure Completion of Stalled Projects December 2, 2019

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