One homebuyer alone can proceed against the builder to Bankruptcy Court
President Ram Nath Kovind has given his nod to promulgate an ordinance amending the insolvency law, recognising homebuyers as financial creditors to real estate developers.
Search Results for: Insolvency and Bankruptcy Code
President approves Insolvency & Bankruptcy Code (Amendment) Ordinance, 2018
A big relief to homebuyers and promoters and now they can be an equal part of the CoC, as the President also has given his assent to the Ordinance effecting amendments in insolvency code.
Insolvency Resolution Process of Corporate Person by Operational Creditor
In this article we will discuss about the insolvency process by an Operational Creditor and extensively cover the entire topic in the most precise manner.
Promoters abusing IBC, contends stakeholders of TechPro and Educomp
The IBC in section 29A bars promoters to take part in bidding process thus making them ineligible for representation in the committee of creditors.
Insolvency Resolution and Liquidation for Corporate Person
This article discusses about the main components of this Code which forms the base of this very legislation.
Inordinate delays demolishing the purpose of Insolvency Code
The Essar Steel matter has raised a valid and crucial point of inordinate delays which is a big concern as it was the important provision of IBC, time bound resolution. If this purpose fails, the whole motive of IBC will fall apart.
National Company Law Tribunal recommends review of Insolvency Code
The NCLT has suggested to IBBI that there is a need to review the insolvency code regulations to ensure that they are not “misused or misinterpreted”.
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.
2100 companies have settled bank dues of rupees eighty three thousand crore under IBC
The ministry of corporate affairs showed that over 2,100 companies have cleared their outstanding amounts, a majority of which came after the government amended the IBC.
Reliance Communications to face Insolvency Proceedings
Reliance Communications and its subsidiaries filed pleas in the appellate tribunal to set aside the NCLT’s decision to start insolvency proceedings.
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The old and archaic provisions to deal with sickness arising out of financial difficulties have been replaced by Insolvency and Bankruptcy Code, 2016.
Essar Steel- What led to the landmark case under Insolvency and Bankruptcy Laws?
Amongst the 11 high profile case under the purview of Insolvency Code, Essar Steel has attracted a lot of attention.
IBC provides relief under this code to Homebuyers and MSME’s
The government could soon promulgate an ordinance to make changes to the Insolvency and Bankruptcy Code that will provide relief to small businesses and homebuyers
Who and what is Interim Resolution Professional?
In this article we will elaborately discuss about an Interim resolution professional, his duties, eligibility and other aspects.
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.
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