Defaulting promoters cannot make backdoor entry in cases filed before Ordinance 2017 was passed
The government has made it clear that it doesn’t want any defaulting promoters back until they clear their dues.
Search Results for: insolvency provisions
IBC latest amendments have helped small stakeholders but delayed the process
The latest ordinance has brought about a lot of changes to the IBC giving relief to small stakeholders and homebuyers but this relief has caused delays in executing the process.
Promoters abusing IBC, contends stakeholders of TechPro and Educomp
The IBC in section 29A bars promoters to take part in bidding process thus making them ineligible for representation in the committee of creditors.
Indian Overseas Bank faces a bad loan of Rs.3,606.73 cr
Public sector lender Indian Overseas Bank’s net loss widened to Rs 3,606.73 crore in the March quarter due to higher provisioning for mounting bad loans.
India winning NPA War steadily- Bhushan Steel puts Rs.36,400 crore in Bank, a way to recovery
NPA War: The major buyout of debt-ridden Bhushan Steel by a Tata Group company and many more to come under the Narendra Modi-led government’s IBC reform.
RBI’s February Circular-Stressed Asset Resolution
The RBI’s February 12 circular on non-performing loans has stirred a hornet’s nest. Banks, India Inc and even the government are opposed to it and are vigorously lobbying the central bank
What are the Duties of Liquidator
The duties of liquidator have been elaborately mentioned in this article to make aware about his position as an Officer.
Powers and Fees of liquidation professional as liquidator
Their powers are extensive and under their purview the liquidation process of a corporate person is carried out.
Liquidation of Corporate Person- A way to recover bad debts
In this article we have discussed about liquidation, its initiation, contents and when Adjudicating Authorities can pass an order for it.
IBC provides relief under this code to Homebuyers and MSME’s
The government could soon promulgate an ordinance to make changes to the Insolvency and Bankruptcy Code that will provide relief to small businesses and homebuyers
Conflict between IBC and RERA
Both the IBC and RERA have the provisions where the probability for the conflict in their operations are very high.
Is it mandatory to serve demand notice on corporate debtor?
Demand notice means a notice served by an operational creditor to the corporate debtor demanding repayment of the operational debt in respect of which the default has occurred.
NCLT declares second round of bid invalid of ESSAR Steel
The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Thursday asked the debt-laden Essar Steel’s committee of creditors
Procedures of National Company Law Tribunal
In this article we have discussed about the procedures of filing a case before NCLT and the required documents.
Importance of Debt Recovery in Ease of doing business
India has jumped 30 spots to number 100 in the latest Ease of Doing Business report for 2018 released by the World Bank today.
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