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.
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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.
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
What to do if the RERA order is not being complied with
RERA Authority order is not being complied with by the party or if we are precise, the builder is not paying the amount ordered by authority.
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.
Difference between Financial Creditor and Operational Creditor
The Insolvency and Bankruptcy Code (Amendment) bill 2017, describes the Financial Creditor and the Operational Creditor and the ambit of its applicability on creditor-debtor relationship.
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.
Soaring NPAs, NBFCs and HFCs at rescue!
Introduction Non-banking finance companies and mortgage lenders, which control the lion’s share of developer loans, are using all the tricks in the marketing and finance trade books to help realtors still smarting from the pains inflicted by the note-ban, Rera and GST, to sell their inventory so that these lenders secure their monies. According to … Continue reading “Soaring NPAs, NBFCs and HFCs at rescue!”
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.
Jyoti Structures faces liquidation of Rs.7000 Crore
Jyoti Structures, one of the 12 entities from the first central bank list to be taken to bankruptcy courts, would head into liquidation, inflicting a loss of Rs.7,000 crore on the affected bankers, people in the know told ET.
Ericsson vs. Aircel- The former moves to Delhi High Court to recover dues
Swedish telecom equipment manufacturer Ericsson has moved to Delhi High Court against Aircel and its units to get their debts back worth Rs.251.40 crore
Supreme Court stays NCLT order allowing government to take control of Unitech
New Delhi: The Supreme Court on Wednesday stayed an order of the National Company Law Tribunal (NCLT) that allowed the government to take control of troubled builder Unitech Ltd by suspending its board. “NCLT should not have passed the order. We direct the stay of the order dated 8 December,” said Chief Justice Dipak Misra. The … Continue reading “Supreme Court stays NCLT order allowing government to take control of Unitech”
One-third of State Taxes To Stay Out of GST
The process of implementing the ‘biggest economic recovery’ of GST from July 1 is going on fast. Even though the Central and State Governments are welcoming GST openly, they have kept around one-third of the revenues out of the realm of GST, so that consumers can not get the benefits of cheap goods and services.
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