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The Supreme Court on Monday (February 12) observed that the Adjudicating Authority (“AA”) i.e., NCLT under Insolvency and Bankruptcy Code, 2016 (“IBC”) has the power to recall its order approving the...
A company could not avail benefit of the Sabka Vishwas scheme as it was under moratorium under IBC - The Courts are meant to do justice and cannot compel a person to do something which was impossible...
In the dynamic realm of Micro, Small, and Medium Enterprises (“MSME”) Law in India, the year 2023 emerged as a pivotal chapter marked by significant judicial pronouncements that reshaped the ...
Seeking a clarification of the SC's January 3 order that asked them to pay Aircel Rs 112 crore, the Bharti entities told a Bench led by Justice Sanjiv Khanna that since the resolution plan of UV Assets Reconstruction Company to revive Aircel did not receive the Reserve Bank of India approval, its interests must be protected in case Aircel went into liquidation.
HNG debtors' move to sell the company to ARCs incase the SC rejects their applicant has sparked resentment among the employees of India's oldest glass making company. They blame the COC and RP for the delay to bring a resolution, , insolvency resolution, Insolvency and Bankruptcy Bill, HNG Insolvency Resolution