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WELCOME TO OUR BLOG. VISIT OUR BLOG FOR REGULAR UPDATES ON INSOLVENCY & BANKRUPTCY CODE, 2016. LANDMARK SUPREME COURT JUDGEMENTS, NCLAT JUDGEMENTS & NCLT JUDGEMENTS ON IBC

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Popular Posts

IBC is not a recovery forum and the IBC provisions cannot be invoked if there is existence of real pre-existing dispute

www.apnaipconsultant.com Supreme Court Orders, Insolvency & Bankruptcy Code, 2016, Landmark Judgments_SC Orders, IBC is not a recovery...
ED has no jurisdiction to attach the property of the Corporate Debtor which is undergoing CIRP without prior approval of the Appellate Tribunal

www.apnaipconsultant.com NCLAT Orders, Insolvency & Bankruptcy Code, 2016, Landmark Judgments_NCLAT Orders, ED has no jurisdiction to ...
Successful Resolution Applicant can not be burdened for past and unclaimed liabilities after approved Resolution Plan

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High Court ought not to have proceeded with the auction of the property of the Corporate Debtor, once the proceedings under the IBC had commenced, and an Order declaring moratorium was passed by the NCLT

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A Corporate Debtor in respect of whom a liquidation order has been made is not entitled to make application to initiate CIRP against other Corporate Debtor

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NCLAT opens window for the Corporate Debtor, to exit the CIRP, and allow to make an out of court settlement with its creditors.

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Expenses fixed by adjudicating authority will be borne by creditor who moves the application

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INITIATION OF CORPORATE INSOLVENCY RESOLUTION PROCESS BY FINANCIAL CREDITORS U/S 7 OF INSOLVENCY AND BANKRUPTCY CODE, 2016

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COC has the requisite power to replace the IRP with Proposed RP even in the subsequent meetings if not replaced by RP in first meeting of COC

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The time limit prescribed in IBC, 2016 for admitting or rejecting a petition or initiation of CIRP is directory for courts and time limit for removal of objections is mandatory for applicants

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