Ibc 2016 News Today

The court has held that in case JKC does not furnish the bank guarantee, the consequences of law will follow. The NCLAT will now have to decide the appeal by State Bank of India challenging the transfer of Jet Airways ownership to JKC by end of March 2024.

The court has held that in case JKC does not furnish the bank guarantee, the consequences of law will follow. The NCLAT will now have to decide the appeal by State Bank of India challenging the transfer of Jet Airways ownership to JKC by end of March 2024.

The NCLT noted that the case is high profile and it should be heard at the earlier possible date and adjourned the hearing of the case in January.

The Kerala High Court on Friday laid down that mere uploading of an application under Section 96 of the Insolvency and Bankruptcy Code (IBC), 2016, cannot be regarded as filing of an application for...

Addressing customer claims during insolvency is not a straightforward matter as the IBC provides a mechanism to resolve insolvencies, but does not explicitly outline the treatment of customer claims, such as refunds for cancelled tickets.

The tribunal allowed an application filed by IndusInd Bank which claimed the company had an outstanding debt of ₹67.3 crores and appointed Shailendra Ajmera as IRP.

Go First argued that it had initiated insolvency proceedings with bonafide intentions to protect the 7,000 employees in its rolls and ensure that the countrys aviation sector enjoys healthy competition.

This article briefly analyses the decision of the Supreme Court in Ajay Kumar Radheyshyam Goenka v. Tourism Finance Corporation India Ltd.

The third entry of the Securities Law series by Trilegal discusses the battle of the non-obstante clauses of the SEBI Act, 1992 and the IBC, 2016 and their journey so far.

This article briefly discusses how the Supreme Court reiterated what amounts to “pre-existing dispute” in the case of Rajratan Babulal Agarwal vs Solartex India Pvt. Ltd.