Bankruptcy


New IBC Amendments Introduced To Speed-Up the Resolution Process
New IBC Amendments Introduced To Speed-Up the Resolution Process
Bankruptcy

The Insolvency resolution proceedings are now going to take less time with a longer timeline. Confused? We were too. But with the new IBC amendments, the goal is to clarify the rights of the ....

  • July 26, 2019
  • Dushyant Sharma
Finance Minister Introduces Second IBC Amendment of 2019
Finance Minister Introduces Second IBC Amendment of 2019
Bankruptcy

It’s been three years since the introduction of the Insolvency and Bankruptcy Code:  a bill that soon became a nightmare to several insolvent business goliaths. However, such busi ....

  • December 19, 2019
  • Dushyant Sharma
Jet Airways Insolvency: It Should Be Resolved In Half the Time
Jet Airways Insolvency: It Should Be Resolved In Half the Time
Bankruptcy

On 17th April 2019, Jet Airways stopped all its operations. Reason: Not enough money to even fuel. Once Jet Airways used to rule the skies, but at the time when it ceased its operations, pilots w ....

  • June 27, 2019
  • Dushyant Sharma
Fast Track Insolvency Resolution Process
Fast Track Insolvency Resolution Process
Bankruptcy

Fast track Insolvency resolution process is desirable in cases where there have been many delays in debt repayment. Reliance Communication (RCom) is currently undergoing this procedure. ....

  • March 22, 2019
  • Dushyant Sharma
Insolvency Code: The Meaning Behind IBC Code Amendments
Insolvency Code: The Meaning Behind IBC Code Amendments
Bankruptcy

Insolvency and bankruptcy code is one of the most controversial collections of laws in India as of this moment. The code is in no way perfect and with each year, more amendments are coming to make it ....

  • March 04, 2022
  • Dushyant Sharma
What Is The Difference Between NCLT and NCLAT
What Is The Difference Between NCLT and NCLAT
Bankruptcy

NCLT & NCLAT: Tribunal vs. Apellate Tribunal

What are NCLT and NCLAT? During the introduction of the Insolvency and Bankruptcy Code, one adjudicating Authority that got the most highlight was the ....

  • February 11, 2019
  • Dushyant Sharma
What Are The Acts of Insolvency in India
What Are The Acts of Insolvency in India
Bankruptcy

Insolvency is a state of being insolvent. This blog discusses several acts of Insolvency in India that can act as fuel to Insolvency resolution proceedings. 

The insolvency and Bankrup ....

  • February 08, 2019
  • Dushyant Sharma
RCom’s Insolvency: An Ending of the Legacy
RCom’s Insolvency: An Ending of the Legacy
Bankruptcy

In the recent development of the insolvency proceedings, RCom has opted to retract the petition is forwarded to the NCLAT to contest against the NCLT’s decision for insolvency resolution.

In th ....

  • February 07, 2019
  • Dushyant Sharma
Notice for a Committee of Creditors (CoC) Meeting
Notice for a Committee of Creditors (CoC) Meeting
Bankruptcy

During the insolvency resolution process, the matter of a decision of the insolvency proceedings is left up to the Committee of Creditors or the CoC. If you have gone through our other blogs, then you ....

  • February 04, 2019
  • Dushyant Sharma
The Registers and Books of Accounts to Be Maintained By a Liquidator
The Registers and Books of Accounts to Be Maintained By a Liquidator
Bankruptcy

When a liquidator is conducting a liquidation process, he requires a plethora of transactional information associated with the corporate debtor (the one who is facing liquidation). To that end, he has ....

  • January 29, 2019
  • Dushyant Sharma

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