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Tag Archive for "provisions-of-the-ibc" -

CentrikBlogsprovisions of the IBC

Tag: provisions of the IBC

Registration of default with NESL not mandatory

Posted by AdminPosted on August 21, 2020August 21, 20200 CommentsCategories Insolvency & Bankruptcy Code 2016Tags Disabilities for Financial Creditors, Financial Creditors under IBC, Long-standing Debts, NCLT Kolkata Bench, provisions of the IBC, Recovery of Longstanding Debts, Registration of default with NESL, Relief for Creditors, Top IBC Experts in Kolkata, Top IBC Lawyers in Delhi India

The NCLT Kolkata Bench imposed a mandatory condition on all the financial creditors to file information of their record of default with the National E-Governance Services Ltd. (NESL).

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3 Years since IBC- A road to Success

Posted by Amar VivekPosted on April 14, 2020April 21, 20200 CommentsCategories Insolvency & Bankruptcy Code 2016Tags cases before the NCLT, Debt Recovery Tribunal, Homebuyers under the IBC, Insolvency and Bankruptcy Code, Insolvency professionals in Delhi, insolvency regime against defaulting real estate developers, provisions of the IBC, recovery of money under IBC, recovery under IBC, RERA for protection of Homebuyers, Top Insolvency Professional Agencies in Delhi

Since IBC enactments, it is necessary to consider the hits and misses of this momentous legislation so as to truly exploit the potential of the insolvency regime.

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All About- Moratorium and its relevance under IBC

Posted by Adv. Asmita Chaudhary NagpalPosted on March 31, 2020April 1, 20200 CommentsCategories Insolvency & Bankruptcy Code 2016Tags assets of the Corporate Debtor, case pending before supreme court, corporate debtor, date of declaration of the moratorium, insolvent company, Moratorium and its relevance under IBC, Moratorium under IBC, pendency of proceedings against the Corporate Debtor, petition against the Corporate Debtor, petition filed against the company, provisions of the IBC, Punishment for Violation of Moratorium, recovery against the Corporate Debtor, Recovery under SEBI

The term Moratorium is nowhere defined in the Code, however, the term in basic parlance means, ”a stopping of activity for an agreed amount of time”. 

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When Resolution Plan can be challenged by the aggrieved Person

Posted by ShriyamehtaPosted on February 13, 2020February 20, 20200 CommentsCategories Insolvency & Bankruptcy Code 2016Tags an application in order to revive the corporate debtor, appeal against an order approving a resolution plan, claim against the corporate debtor, file an appeal before NCLAT, IBC for insolvency process, initiation of the insolvency process, issue related to recovery, operational creditor India, operational creditor under ibc, provisions of the IBC, Resolution Plan can be challenged

The resolution plan can be challenged by an aggrieved person as per the grounds mentioned in Sub-Section (3) of Section 61 of the Code.

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