Page 2 - Liquidation Process News Today

India Business News: New rules of IBBI exempt allotted property from liquidation process, providing relief to home buyers. Rules aim to improve insolvency resolution proce

Among the key amendments, the liquidator can reduce the reserve price by up to 25 per cent for assets with existing valuation of the Corporate Insolvency Resolution Process (CIRP) once during the liquidation process, provided it is approved by SCC.

Administration of JusticeIn the instant case, we find initiation of criminal proceedings before a forum which had no territorial jurisdiction by submitting incorrect facts and giving frivolous reasons...

This is the second company with Choksi as promoter to be admitted for liquidation. The first was Nakshatra World, another jewellery retailer that was admitted into liquidation in July 2021.

Among myriad litigations faced by a liquidator during the liquidation process of a corporate debtor, under the Insolvency and Bankruptcy Code, 2016 (Code), is a genre of challenges against the...

Adverse PossessionTenants cannot claim adverse possession against their landlords since their possession is permissive in nature. (Para 9.4) 2024 LiveLaw (SC) 17Arbitration and Conciliation Act,...

The Supreme Court has held statutory set off or insolvency set off is not applicable to Corporate Insolvency Resolution Process (“CIRP”) proceedings under the Insolvency and Bankruptcy Code, 2016...

In recent times, several noteworthy judgments have been rendered by the Indian Courts and Tribunals in matters relating to the Insolvency and Bankruptcy Code, 2016 (IBC). Some decisions rendered from...

The Supreme Court on Wednesday held that even though the highest bidder in an auction sale under the Insolvency and Bankruptcy Code 2016 has no indefeasible right to demand acceptance of his bid, the...

A. K. Capital Services Limited at their meeting held August 5, 2023, approved Appointment of Mr. Rajiv Bakshi as Additional Independent Director of the Company with effect from August 5, 2023....