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Tag Archive for "insolvency-resolution-process-against-the-corporate-debtor" -

CentrikBlogsinsolvency resolution process against the corporate debtor

Tag: insolvency resolution process against the corporate debtor

Demand Notice significant for admission of application under section 9 of IBC

Posted by Advocate Kunal AhujaPosted on May 22, 2019June 6, 20190 CommentsCategories Cross Border Advisory, Legal AdvisoryTags application under section 9 of IBC, Demand Notice significant for admission of application under section 9 of IBC, demand notices against invoice issued by the operational creditor, insolvency resolution process against the corporate debtor, NCLT under section 7

In the absence of specific evidence relating to invoices actually forwarded by the appellant and there being a doubt, the insolvency petition cannot be entertained under section 9 of IBC.

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Pendency of proceedings before debt recovery tribunal cannot affect the petition under 7 of IBC

Posted by Advocate Kunal AhujaPosted on May 22, 2019June 3, 20190 CommentsCategories Business Advisory, Legal AdvisoryTags IBC Proceedings, insolvency resolution process against the corporate debtor, Pendency of proceedings before debt recovery tribunal, pending recovery proceedings before the debt recovery tribunal

If some other recovery proceedings are pending or the amount of claim is disputed before other tribunal or adjudicating body that won’t empower the adjudicating authority to reject the petition.

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Proceed to NCLT for recovery of dues under Insolvency & Bankruptcy Code

Posted by Stupti BanerjeePosted on April 5, 201852 Comments on Proceed to NCLT for recovery of dues under Insolvency & Bankruptcy CodeCategories Debt Recovery ManagementTags Action against the corporate Debtors, Financial debt, Insolvency code for recovery of dues, insolvency resolution process against the corporate debtor, Operational debt, recovery of the debt by the creditors, Supplier of Goods and Services

To initiate recovery procedure one can approach the National Company Law Tribunal which exercises the power to dispose cases under Insolvency Code.

52 Comments on Proceed to NCLT for recovery of dues under Insolvency & Bankruptcy Code
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