The IBC is playing a crucial role in helping the banks recover their bad debts and these vacations if avoided can help in resolving the mounting cases and help in ease of doing business.
The Gujarat RERA has come up with some latest amendment introducing new procedure for complaint filing and redressal. It introduced necessary changes through regulations and amendments.
Steps taken by the resolution professional (RP) for Alok Industries to recover trade outstanding to the tune of Rs 11,622 crore from 5,293 debtors
Once NCLT has issued moratorium under section 14 of Insolvency Code in respect of Company in liquidation, Bank cannot pursue proceedings for recovery of loan.
The judgement of the Supreme Court, in the case of Innoventive Industries vs ICICI Bank is a shot in the arm for the regime established under the Insolvency and Bankruptcy Code, 2016
The scheme as provided under the Code stipulates a mechanism wherein the Insolvency Resolution Process is reckoned upon any default upon non-payment of debt due.
An operational creditor as defined under s 5(20) of the Insolvency and Bankruptcy Code as a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred
The latest amendment bill of Insolvency & Bankruptcy, 2017 has been passed by the Lok Sabha to deal with recovery and reorganization in a speedy, reliable process.
Most of you must have seen an arbitration clause in the terms & conditions of any contract that you sign. A detailed article on this subject and how it impacts debt recovery.
the time has come in our economy where the redressal on aggrieved buyers can be resolved at the earliest as RERA, 2016
The Reserve Bank of India has suggested banks to report for insolvency complaints on their very own rather than watching for its commands.
The government fore-show that to foothold the interest of micro, small and medium enterprises (MSME) will get bifurcated norms for insolvency proceedings.
Trademark coexistence means a situation in which two different enterprises use a similar or identical trademark to market a product or service without necessarily interfering with each other businesses.
Criminal prosecution develops in a series of stages, beginning with an arrest and ending at a point before, during or after trial.
The Bombay High Court today sentenced lawyer Satish Uke to two months of simple imprisonment for committing a criminal contempt of court by making frivolous allegations against judges and others. The Nagpur bench of the High Court also slapped a fine of Rs 2,000 on him. A division bench of Justice Prasanna Varale and Justice ZA Haq ordered Uke to surrender before the police … Continue reading “Contempt of Court– Again a lawyer get two months imprisonment”
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