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When the company got bankrupt and there was a debt to be paid to the creditors and shareholders, then liquidators came into the picture. A liquidator is a person who is appointed at the time o ....
Insolvency resolution process rarely has to the chance to go as it should be. Till now, the results of insolvency resolution have always ended up in liquidation of the company.
The process associated ....
Insolvency resolution is hired on an interim (temporary) basis in order to resolve the insolvency of the corporate debtor. To that end, there are several powers that an interim resolution professional ....
The code came into existence back in 2016 and with it came a central regulatory body to control and regulate the matters of insolvency and bankruptcy. This code, the IBC produced this singular body so ....
Once an application for insolvency resolution has been submitted under section 9, IBC states that immediately after the appointment of an insolvency resolution professional, a public announcement has ....
The Section 9 petition meant for insolvency resolution can be submitted by both the creditors and the debtors. However, once the application is submitted, there is an entire matter associate ....
NCLT or the National Company Law tribunal acts as the adjudicating authority when there is insolvency resolution process to be handled. This adjudicating body is specific to the debtors wher ....
The Insolvency and Bankruptcy law 2016, in essence, is focused towards ensuring that national and global investors and creditors have a way to retrieve the debts lent to the debtors that have now beco ....
Proof of claim by financial creditors is a specialized form that the financial creditors have to submit to lay claim on the debt that the corporate debtor owes them, after the assets of corporate ....
The insolvency and Bankruptcy Code 2016 has laid down a more streamlined path in order to make sure that the resolution regarding insolvency can be handled properly. However, there are much verificati ....
