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Tag Archive for "ibc-for-corporate-debtors" -

CentrikBlogsIBC for Corporate Debtors

Tag: IBC for Corporate Debtors

Gujarat High Court on banks’ statutory right to initiate Proceedings against Loan Defaulters

Posted by ajay.shuklaPosted on June 30, 2021August 7, 20210 CommentsCategories Business Advisory, Corporate Litigation-All In Way, Cross Border Advisory, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags Corporate Debtors under IBC, Essar filed a writ petition before the Gujarat High Court, IBC for Corporate Debtors, IBC Proceeding against Corporate Debtor, IBC proceedings against Essar Steel, Largest Loan Defaulters in India, Proceedings against Essar, Proceedings against Loan Defaulters

Gujarat High Court dismissed Essar Steel’s petition and refused to grant any of the reliefs sought by Essar Steel. The Gujarat High Court moved quickly and efficiently, and the order was issued within 10 working days of Essar Steel’s filing of the case.

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Resolution Plan under IBC

Posted by AdminPosted on March 31, 2021April 1, 20210 CommentsCategories Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags beneficial alternative to liquidation, corporate debtor under IBC, IBC for Corporate Debtors, insolvency, Insolvency of Corporate Debtor, Liquidation, NCLAT allowed the withdrawal of a proposal, NCLT, resolution plan cannot be withdrawn, Resolution Plan under IBC, resolution process of corporate debtor

Resolution applicants enter the CIRP and prepare “Resolution Plans,” which are effectively instruments for taking over a corporate debtor, paying its creditors’ debts, and completing its recovery and restructuring.

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