RERA and the IBC to the rescue of homebuyers
The IBC (Amendment) Bill 2017 was passed by the Lok Sabha to form the base for covering loopholes in prevailing code and to increase the effectiveness of the resolution.
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All about RBI diktat in invoking Insolvency Resolution
Reserve Bank of India Governor Urjit Patel put his signature to a historic order for recovering over Rs 3 lakh crore from the top 12 defaulters, just 10% is in banks
65 Bad Loan Accounts have been referred to NCLT for resolution by Allahabad Bank
Insolvency Code has motivated a lot of lenders to suo moto move the court against their borrowers and recover their bad debts without showing any further leniency.
Powers and Duties of Resolution Professional during Insolvency Process
The IBC has clearly outlined the powers and duties of the resolution professional that he can exercise during the insolvency resolution process
Insolvency proceedings against S Kumars Nationwide
S Kumars like other top notch business entities is facing insolvency proceedings. This Code has brought a revolution in the country.
Insolvency & Bankruptcy Code, 2016- Background
The old and archaic provisions to deal with sickness arising out of financial difficulties have been replaced by Insolvency and Bankruptcy Code, 2016.
Overall scheme of the Insolvency and Bankruptcy Code
An Insolvency and Bankruptcy Board of India (IBBI) will be established. This Board (IBBI) will oversee the work of Insolvency and Bankruptcy of corporate persons, firms and individuals.
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.
Replacement of resolution professional as liquidator
In this article we have briefly discussed about how replacement of resolution professional as liquidator is carried out.
Loan to Directors- How section 185 changed as per recent companies act, 2017 ammendment
the restriction under section 185(1) was not applicable where loan or guarantee is permissible under other provisions of Companies Act, 2013
All about Interim Resolution Professional
Detailed article about the management of affairs of corporate debtors by IRP and about their authority.
What is Moratorium and public announcement?
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.
Application for Corporate Insolvency Resolution can be rejected if statement is misleading
A article on how to rectify defects if any in the application for initiation of Corporate Insolvency Resolution Process along with case laws.
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.
Fast Track Corporate Insolvency Resolution Process
In this article we will discuss about the fast track method of filing an application under corporate insolvency resolution process.
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