Search Results for: financial creditors

Insolvency Bankruptcy Amendment Bill- Then and Now

A detailed article about the previous Insolvency and Bankruptcy law and changes that have been improvised post amendment bill in 2017.

Proceed to NCLT for recovery of dues under Insolvency & Bankruptcy Code

To initiate recovery procedure one can approach the National Company Law Tribunal which exercises the power to dispose cases under Insolvency Code.

Corporate Debt Restructuring

Based on the experience in other countries restructuring of corporate debt and need for a similar mechanism in India, a Corporate Debt Restructuring System was evolved, and detailed guidelines were issued.

NCLT gives Shirdi Industries to promoters, offers hope to others

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”

CSR Provisions – Obligation or Opportunity in the context of Corporate thinking

With the introduction of Corporate Social Responsibility provisions, many corporate consider this provision to be a burden on them. Many of them believe that the business set up by them is for the betterment of their own and their successors and when the Society’s welfare comes into picture, they say that govt.

Afraid of Debt Collectors! Here are ways to deal with Debt Collectors & Agencies

  A company or agency that is in the business of recovering money from debtors of others known to be Debt Collectors. Many debt collectors are hired by companies for a fee or for a percentage of the total amount collected. These companies purchase debt at a fraction of its face value and then attempt … Continue reading “Afraid of Debt Collectors! Here are ways to deal with Debt Collectors & Agencies”