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
In this article we have discussed about the procedures of filing a case before NCLT and the required documents.
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.
Justice to be served wherever the issue relates to. MahaRERA is leading ahead in proper implementation of RERA regulations. The authority has given many landmark judgments and rulings provided justice to the aggrieved parties. Recently, MahaRERA sets an example proving itself by delivering a firm decision in favor of the Justice. Under this, it also … Continue reading “The completion date has been preponed by MahaRERA”
the time has come in our economy where the redressal on aggrieved buyers can be resolved at the earliest as RERA, 2016
In a landmark judgement which may assist different promoters who are combating to defend their organizations, Mumbai-primarily based laminates maker Shirdi Industries has come to be the first case where a National Company Law Tribunal (NCLT) exceeded an order that allowed the corporation to be surpassed over to the same promoters for implementing the decision … Continue reading “NCLT gives Shirdi Industries to promoters, offers hope to others”
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.
If any on-going project has not registered under respective State RERA, such project may have to face huge penalty which may be up to 10% of the project cost.
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.
An appeal is a proceeding resorted to rectify an erroneous decision of a court by submitting the question to a higher court, or court of appeal.
Criminal prosecution develops in a series of stages, beginning with an arrest and ending at a point before, during or after trial.
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