Bankruptcy


Appointing an Insolvency Resolution Professional under IBC 2016
Appointing an Insolvency Resolution Professional under IBC 2016
Bankruptcy

According to the IBC code 2016, the entire matter of insolvency is to be handled by insolvency professional. An insolvency professional is a chartered accountant, who has been established in his ....

  • December 17, 2018
  • Dushyant Sharma
Section 9 Petition format to Start Insolvency Resolution Process
Section 9 Petition format to Start Insolvency Resolution Process
Bankruptcy

The insolvency resolution process is the process associated with an insolvent individual with a focus towards the followings:

  1. Making sure that the operational and financial creditors are ....
  • December 17, 2018
  • Dushyant Sharma
How Does a Corporate Debtor File Petition For Insolvency Resolution
How Does a Corporate Debtor File Petition For Insolvency Resolution
Bankruptcy

Insolvency and bankruptcy code 2016 in India is primarily meant to ensure that the operational and financial creditors are paid their dues in a fair and an efficient manner. However, the one that ....

  • December 13, 2018
  • Dushyant Sharma
What Is The Format Of Section 8 Demand Notice Under IBC 2016
What Is The Format Of Section 8 Demand Notice Under IBC 2016
Bankruptcy

Before the process of insolvency can even be considered, there is a section 8 demand notice that the operational/financial creditor forwards to the corporate debtor. This demand notice is presented usi ....

  • December 13, 2018
  • Dushyant Sharma
What Is Committee Of Creditors Under IBC
What Is Committee Of Creditors Under IBC
Bankruptcy

When a person finds himself/herself unable to repay the debt that they owe to the financial or operational creditor, then that person is deemed insolvent. The Insolvency and Bankruptcy code 2016 bring ....

  • December 12, 2018
  • Dushyant Sharma
Who Cannot File an Application under IBC
Who Cannot File an Application under IBC
Bankruptcy

Insolvency resolution is a process that can be initiated by either a financial creditor, operational creditor or even the corporate debtor. These persons can do it through filing a petition under ....

  • December 11, 2018
  • Dushyant Sharma
Who Can File the Insolvency Application under IBC
Who Can File the Insolvency Application under IBC
Bankruptcy

The Insolvency and Bankruptcy Code 2016 is directed towards making sure that the corporate debts are paid in the fairest way possible. The provisions associated with this code can apply to the followi ....

  • December 08, 2018
  • Dushyant Sharma
Section 9 Petition to NCLT under Insolvency and Bankruptcy Code
Section 9 Petition to NCLT under Insolvency and Bankruptcy Code
Bankruptcy

Insolvency refers to the financial state of an individual or a company where they find themselves the money that they owe to the creditors. These creditors can either be financial creditors or operati ....

  • December 06, 2018
  • Dushyant Sharma
What Is Section 8 Demand Notice Under Insolvency
What Is Section 8 Demand Notice Under Insolvency
Bankruptcy

Insolvency refers to a financial state of an entity where the entity is not able to pay back the debt to the creditors it owes.

The purpose of the insolvency laws is to address such an. entity Insolv ....

  • December 05, 2018
  • Dushyant Sharma
Insolvency and Bankruptcy Code 2016: Overall Scheme
Insolvency and Bankruptcy Code 2016: Overall Scheme
Bankruptcy

The Insolvency and Bankruptcy Code of 2016, which received assent from the president in the same year, is a consolidated legislation geared towards providing insolvency resolutions to:

  1. Individ ....
  • December 03, 2018
  • Dushyant Sharma

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