Promoters and Shareholders Promoters are not Creditors under IBC
The shareholders and promoters are not the creditors and thereby the resolution plan cannot balance the maximization of the value of assets of the corporate debtor
Search Results for: Recovery of Debts
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The old and archaic provisions to deal with sickness arising out of financial difficulties have been replaced by Insolvency and Bankruptcy Code, 2016.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.
What further action can be taken by operational creditor on non-payment of debt?
This article is about the further actions to be taken by the Operational creditor after serving a demand notice on Operational debtor.
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.
Application for initiation of corporate insolvency resolution process by operational creditor (section 9)
In this article we have discussed about how an Operational creditor can file an application for initiation of Corporate Insolvency Process against it debtors.
Company is under Liquidation- Compulsory or Voluntary
article we will discuss about Compulsory and Voluntary Liquidation and how it is helpful for the Corporate Creditor against their debtor/s.
Financial Creditor & Operational Creditor within the scope of Insolvency & Bankruptcy Code (Amendment) Bill, 2017
The IBC has introduced new and distinct concepts of ‘Financial Creditor’ and ‘Operational Creditor’ as opposed to the Companies Act, 2013 which merely introduced the term ‘creditor’, without any classification thereof.
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.
RBI black-listed 9500 defaulting NBFCs
NBFCs or the non-banking financial companies as we call it are now under the radar of the Reserve Bank of India. Traditionally, India has had a bank dominated financial sector. Even so, there have always been Non-Banking Financial Companies to provide finance to mainly unorganized markets. NBFC have continued to complement banks in providing … Continue reading “RBI black-listed 9500 defaulting NBFCs”
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