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Justice B.R. Gavai, Justice Ajay Kumar Tripathi, Justice Ajay Kumar Tripathi Memorial Lecture

“It is not easy to draft a constitution for a country like India, given the landscape, diverse religious beliefs among the diverse population, residing in various corners of the country.” Justice...

CIRP, Real Estate, Insolvency & Bankruptcy Code, Jaypee Infratech Limited, NCLT, Flat Buyers Association, ZEUS Law Associates

In India, there was a need to enact a single statute encompassing provisions to resolve insolvency for companies, limited liability partnerships, partnership firms and individuals. In light of the...

Former SC Judge Justice Ashok Bhushan Appointed As NCLAT Chief For 4 Years

Additionally, the government informed on Friday that former chief justice of Manipur High Court, Justice Ramalingam Sudhakar was appointed the president of the National Company Law Tribunal (NCLT).

Prematurely Retired Acting NCLAT Chairperson Will Be Allowed To Finish Tenure: Centre To SC

NCLAT gets third Acting Chairperson since Mar 2020

Efficient execution and implementation of IBC can escalate Ease of Doing Business ranking: Bhupender Yadav

Fresh IBC suspension due to COVID-19 may put brakes on stressed asset resolution

Fresh IBC suspension due to COVID-19 may put brakes on stressed asset resolution To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25 PTI | December 31, 2020 | Updated 14:56 IST Suspension of fresh proceedings under the insolvency law as well as the NCLT and the appellate tribunal switching to virtual hearings due to the coronavirus pandemic seem to have put the brakes on the pace of resolution process for stressed assets and realisation for creditors. To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25, when the nationwide lockdown was imposed to curb spreading of coronavirus infections. The suspension has been extended till March next year.

Suspension of fresh IBC proceedings, pandemic woes may hit resolution pace for stressed assets

Suspension of fresh IBC proceedings, pandemic woes may hit resolution pace for stressed assets NEW DELHI: Suspension of fresh proceedings under the insolvency law as well as the NCLT and the appellate tribunal switching to virtual hearings due to the coronavirus pandemic seem to have put the brakes on the pace of resolution process for stressed assets and realisation for creditors. To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25, when the nationwide lockdown was imposed to curb spreading of coronavirus infections. The suspension has been extended till March next year.

Fresh IBC suspension, pandemic may hit stressed assets resolution pace

Suspension of fresh proceedings under the insolvency law as well as the NCLT and the appellate tribunal switching to virtual hearings due to the coronavirus pandemic seem to have put the brakes on the pace of resolution process for stressed assets and realisation for creditors. To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25, when the nationwide lockdown was imposed to curb spreading of coronavirus infections. The suspension has been extended till March next year. While the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) are conducting virtual hearings with a new set of standard operating procedures, experts are of the opinion that the pandemic has caused an overall slowdown in the resolution process.