
Supreme Court suspends liquidation of Siva Industries after promoters appeal
The Supreme Court (SC) stayed an order from the National Company Law Appellate Tribunal (NCLAT)…
The Supreme Court (SC) stayed an order from the National Company Law Appellate Tribunal (NCLAT)…
Commenting on whether the IBBI should be further strengthened, a former central banker said: “There…
By Express press service NEW DELHI: The much-vaunted reform of the Narendra Modi government -…
JThe purpose of the Insolvency and Bankruptcy Code, 2016 (IBC) is to maximize the value…
Turkey: Your debtor’s assets are just a click away! February 22, 2022…
Facts The State Bank of India Stressed Asset Management Branch (SBI) has filed a petition…
The NCLAT Single Bench consisting of Judge M. Venugopal, Judicial Member in the case of…
The notice is Wells Fargo Bank, Indenture Trustee c. The Hertz Corp. (In re The…
Tribune press service Saurabh MalikChandigarh, February 16The Punjab and Haryana High Court has…
To print this article, all you need to do is be registered or log in…
A recent opinion from the Michigan Court of Appeals explained that when a debtor defaults…
Related practices and jurisdictions Tuesday, February 15, 2022 A recent opinion from the Michigan Court…
To print this article, all you need to do is be registered or log in…
Do I need a lawyer to file Bankruptcy? In contrast to those who file in…
The Supreme Court observed that the operational creditor includes all those who provide or receive…
Section 362(k) of the United States Bankruptcy Code allows a person injured by a willful…
Nine Point Energy Holdings, Inc. and its affiliates (collectively, “Nine Point” or “Nine Point Debtors”)…
Finance Minister Nirmala Sitharaman during her budget speech announced that changes have been proposed to…
The National Company Law Appeals Tribunal (NCLAT) has upheld a winding-up order for debt-ridden Siva…
The Insolvency and Bankruptcy Code (IBC) has led to behavioral changes among corporate debtors, with…
A portal that combines all stages of the liquidation process, from application by companies to…
In this problem: The year of bankruptcy: 2021 A brief chronicle of the year’s notable…
In a first-print case, the Eleventh Circuit has ruled that Roth IRAs are excluded from…
Nine Point Energy Holdings, Inc. and its affiliates (collectively, “Nine Point” or “Nine Point Debtors”)…
United States: California Bankruptcy Court Says Debtor Barred From Challenging State Court Fraud…
In accordance with article 128 of theIndian Contracts Act, 1872, the liability of a guarantor…
The Bombay High Court has ruled that no statutory authority, including income tax authorities, can…
Nine Point Energy Holdings, Inc. and its affiliates (collectively, “Nine Point” or “Nine Point Debtors”)…
In a landmark judgment, the Bombay High Court ruled that a shipping company that goes…
On September 1, 2021, the Ninth Circuit issued its decision in the case of In…
Recently, the Union Energy Ministry claimed that state-owned electricity distribution companies (discoms) fall under the…
Through Mariya Paliwala – December 28, 2021 11:27 a.m. The Bombay High Court rescinded the…
To print this article, simply register or connect to Mondaq.com. The problem of non-performing assets…
The government on Thursday invited comments on various proposed amendments to the insolvency law, including…
The power to seize assets under the Money Laundering Prevention Act will end once the…
Four years after a court ordered the liquidation of Vijay Mallya’s UB Engineering company, its…
Through Mariya Paliwala – December 20, 2021 11:54 a.m. The Delhi High Court has ruled…
INTRODUCTION Apex Court on May 21, 2021 at Lalit Kumar Jain V. Union of India…
introduction National Tribunal for Company Law (“NCLT”) was introduced in the Companies Act 1956 in…
A consolidated insolvency proceeding or group insolvency, if accepted by the NCLT, may generate more…
India: Personal property of guarantors cannot be transferred during the CIRP of a debtor company…
The National Company Law Tribunal (NCLT) on Monday admitted the Reserve Bank’s plea to initiate…
Text size: A- A + New Delhi [India], Dec. 3 (ANI): On Thursday, the Reserve…
The Reserve Bank of India on Thursday filed an application to initiate insolvency proceedings against…
The Insolvency and Bankruptcy Code of 2016 (âCodeâ) brought about a magnanimous change in the…
MIAMI, November 19, 2021 / PRNewswire / – Alpha Latam Management, LLC and certain of…
The commercial wisdom of the Creditors Committee under the Insolvency and Bankruptcy Code enjoys full…
Insolvency regulator IBBI has clarified that an Insolvency Professional (IP) managing the voluntary liquidation process…
The IBBI said an insolvency practitioner responsible for the voluntary liquidation process does not have…
United States: Can I hold a debtor’s bank account hostage? November 12, 2021 Ward and…
For creditors dealing with debtors in the shadow of bankruptcy, a common scenario repeats itself.…
Strong points The Nondebtor Release Prohibition Act was submitted to the House for a full…
November 10, 2021 For creditors dealing with debtors in the shadow of bankruptcy, a common…
A person in possession of a debtor’s property while filing for bankruptcy now has more…
A law must be interpreted and applied as it is written, regardless, according to the…
In a Chapter 13 case, which typically lasts 3 to 5 years while a debtor…
A law must be interpreted and applied as it is written, regardless, according to the…
The Insolvency and Bankruptcy Board of India (IBBI) published working papers soliciting comments on issues…
Even though insolvency proceedings against liquor baron Vijay Mallya and diamond dealer Nirav Modi continue…
The main objective of granting interim financing is to keep companies in insolvency under the…
The Supreme Court has issued an opinion on a petition that raises the question of…
Company arranges $ 12 million debtor-in-owner financing from its senior secured lenders and access to…
The NCLT on Friday admitted insolvency claims brought by banking regulator RBI against two companies…
The Ministry of Commercial Affairs (MCA) will soon begin consultations with the Reserve Bank of…
New Delhi: Bank of Maharashtra, a dissatisfied creditor of the Videocon group, on Friday raised…
Bank of Maharashtra, a dissatisfied creditor of the Videocon group, on Friday raised the issue…
The Paycheck Protection Program (âPPPâ) was a forgivable loan program administered by the US Small…
The Paycheck Protection Program (âPPPâ) was a forgivable loan program administered by the US Small…
The Paycheck Protection Program (âPPPâ) was a forgivable loan program administered by the US Small…
United States: Debtors behaving badly: non-payment of the debt on the basis of the âbad…
It is said that the word bankruptcy originated in the Middle Ages from the term…
Congratulations to Justice Japar B. Dimaampao, 57, for his long delayed but well deserved promotion…
The Supreme Court ruled that the moratorium under the provisions of the Insolvency and Bankruptcy…
Photo credit: IANS IANSLive New Delhi, Sept. 16 (IANS) The Supreme Court ruled on Thursday…
The Supreme Court said on Wednesday that the main purpose of the Insolvency and Bankruptcy…
A corporate financial penalty obligation of a Chapter 11 debtor owed to the Federal Communications…
Lenders voted to liquidate Lanco Mandakini Hydro Power on the grounds that an offer from…
The liquidation of the business as a “going concern”, instead of liquidating it and selling…
Almost 47%, or 1,349 cases closed under the insolvency law were put into liquidation until…
Series C entrepreneur Sivasankaran, promoter of Siva Industries, filed an appeal with the National Company…
Background In 2011, a producer and a subsidiary of the Weinstein Company entered into a…
United States: Can your lien be avoided if only the debtor benefits? Courts are divided…
India: Lenders are free to invoke the personal guarantees of a debtor company under the…
In a recently released ruling, the United States Bankruptcy Court for the Eastern District of…
The Calcutta High Court on Friday settled an important arbitration law issue, to know, whether…
Third party releases, especially releases from affiliated non-debtor guarantors, are generally a key feature of…
To print this article, simply register or connect to Mondaq.com. On Friday, March 19, 2021,…
Until recently, Ninth Circuit courts have generally followed the minority view that discharges by a…
It is well known in the restructuring world that a bankrupt debtor cannot get a…
The prepackaged program, billed as the next step in the evolution of the Insolvency and…
The Supreme Court ruled that collusive or simulated transactions with a debtor company will not…
Introducing significant behavioral changes, the insolvency law redefined the debtor-creditor relationship, with more than 80%…
This alert focuses on CEC debtor’s non-bankruptcy theories that the COVID-19 pandemic and government responses:…
In an important verdict, the Supreme Court on Tuesday upheld changes made by Parliament to…
In recent years, federal circuit courts have grappled with whether a creditor retaining possession of…
Related practices and jurisdictions Thursday, January 14, 2021 On January 14, 2021, the United States…
Automatic stay is arguably the most important protection that the Bankruptcy Code offers to a…
The new subchapter V of chapter 11 of the Bankruptcy Code (subchapter V) was enacted…
Over a year ago, Congress amended the Bankruptcy Code to create Subchapter V, with the…
Whether a counterclaim filed against a debtor company is likely to be stayed during the…
Suppose you own farmland or commercial space and you rent out your property. What happens…
It is not uncommon for a creditor of a debtor to cry foul that a…
What is a Debtor in Possession (DIP)? A Debtor in Possession (DIP) is a person…
There are two questions estate planners often ask when they have a client in financial…