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104-year-old PSU Bridge and Roof escapes insolvency after NCLAT quashes NCLT order

The creditor, Chevrox Constructions, informed the appellate tribunal that it had received the entire debt amount from the government company, Bridge and Roof. In light of this, the NCLT order was set aside. ....

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NCLT Kolkata admits 104-year-old government company into insolvency process

The Kolkata bench also clarified that even though Bridge and Roof was a government-owned company, it fell under the purview of the IBC. ....

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Each homebuyer vote matters when voting on resolutions to withdraw CIRP: NCLAT

When it comes to proposals to withdraw CIRP, it is not enough to only count the opinion of the majority of homebuyers, the NCLAT held. ....

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Delhi High Court asks IBBI to frame code of conduct for functioning of Committee of Creditors within 3 months

The Court said that since the commercial wisdom of the CoC is placed on the highest pedestal, it is necessary that the decision-making process is infused with safeguards. ....

Amol Sharma , Siddharth Yadav , Lisha Bhati , Ateev Mathur , Sudhir Nandrajog , Praful Jindal , Dhruv Gupta , Kanishka Lunia , Rajiv Chakraborty , Prachi Darji , Kaushiki Kashyap , Apoorv Agarwal , Puneet Jain , Divya Verma , Yajur Sharma , Axis Bank , Global Positioning System , Adjudicating Authority , Advocates Sudhir Nandrajog , Advocates Apoorv Agarwal , Siddhartha Barua , State Bank , Reserve Bank , Resolution Professional Rajiv , Delhi High Court , Insolvency And Bankruptcy Code ,

ESI contributions not "workers dues" under IBC, not on same footing as Provident Fund dues: NCLT Ahmedabad

The NCLT Ahmedabad recently clarified that contributions due from a company to the Employees State Insurance Corporation (ESIC) do not fall under the category of “workers dues” under the IBC. ....

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