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The Insolvency and Bankruptcy Board of India (IBBI) has organised a three-day training programme for Indian Corporate Law Service (ICLS) trainee officers, the Ministry of Corporate Affairs said on Thursday.

IBC imposes moratorium on initiation or continuation of legal proceedings against corporate debtor CD for entire duration of corporate insolvency resolution process CIRP. Adjudication of disputed claims that are pending as on the date of initiation of CIRP get stalled.

The Insolvency and Bankruptcy Board of India (IBBI) is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), , IBBI, Liquidation Process

A Bench comprising of Navin Sinha and KM Joseph observed that an application under Section 34 of the Arbitration and Conciliation Act to set aside an award is covered by moratorium under Section 14 of the Insolvency and Bankruptcy Code. Section 34 proceeding is a proceeding against the corporate debtor in a court of law pertaining to a challenge to an arbitral award and would be covered just as an appellate proceeding in a decree from a suit would be covered, the bench headed by Justice RF Nariman observed in the judgment titled P Mohanraj & Ors. v. M/s Shah Brothers Ispat Ltd.

NCLAT directs liquidation of KS Oils, pulls up NCLT for lapse of 981 days SECTIONS Last Updated: Mar 17, 2021, 05:25 PM IST Share Synopsis The National Company Law Appellate Tribunal (NCLAT) has directed to initiate liquidation process of leading integrated edible oil company K S Oils Ltd and set aside an NCLT order passed against it. The National Company Law Appellate Tribunal (NCLAT) has directed to initiate liquidation process of leading integrated edible oil company K S Oils Ltd and set aside an NCLT order passed against it. Terming it "unfortunate", the appellate tribunal observed that e...