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Tag Archive for "insolvency-professionals" -

CentrikBlogsInsolvency Professionals

Tag: Insolvency Professionals

Voluntary Liquidation

Posted by Adv. AarshiPosted on October 16, 2021October 21, 20210 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags Appointment of Liquidator, creditors voluntary liquidation advantages and disadvantages, Insolvency Professionals, Liquidation procedure under IBC, qualified bankruptcy professionals, voluntary liquidation India, voluntary liquidation of a company, Voluntary Liquidation under IBC, what does voluntary liquidation mean

IBBI changed the liquidation procedure to be of a fixed duration. The new rules require the process to be completed within one year of its inception.

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Government’s new policy for Insolvency process

Posted by Adv.AnimeshPosted on September 13, 2019October 1, 20190 CommentsCategories Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags 7 new amendments in the Insolvency and Bankruptcy Code 2016 (IBC), corporate debtor, corporate insolvency resolution process, Financial and Operational Creditor, Insolvency & Bankruptcy, Insolvency Professionals, Insolvency professionals in Delhi, NCLT, New Policy of 330-Days Deadline for Insolvency Process, Top Insolvency professionals in Delhi

The union cabinet in its meeting has given approval to 7 new amendments in the Insolvency and Bankruptcy Code 2016 (IBC) which will allow the government to stick to strict timelines, and along with that, maximize the value of an insolvent entity from the resolution plan as a going concern.

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Insolvency petition to NCLT by a Homebuyer

Posted by Advocate Kunal AhujaPosted on February 14, 2019February 19, 20196 Comments on Insolvency petition to NCLT by a HomebuyerCategories Debt Recovery Management, RERA ConsultingTags Amendment under IBC, builder fails to deliver the possession within a time period, Filing of insolvency application, homebuyer can file the insolvency petition against the builder, Insolvency petition to NCLT, Insolvency Professionals, NCLT under IBC

An application filed by the homebuyers under section 7 of IBC shall be maintainable. Therefore the homebuyers are advised to approach NCLT under IBC to recover their stuck money in a time-bound manner.

6 Comments on Insolvency petition to NCLT by a Homebuyer
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Promoters and Shareholders Promoters are not Creditors under IBC

Posted by Advocate Kunal AhujaPosted on January 10, 2019February 19, 20192 Comments on Promoters and Shareholders Promoters are not Creditors under IBCCategories Debt Recovery Management, Tax AdvisoryTags corporate insolvency resolution process, Creditors under IBC, Financial Creditors, Insolvency Professionals, operational creditors, Provisions of IBC, shareholders and promoters are creditors or not, Top IBC Professionals in Delhi

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

2 Comments on Promoters and Shareholders Promoters are not Creditors under IBC
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