Articles by CS Peer mehboob

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Insolvency initiation application for recovery of interest only is not maintainable under IBC

CS Peer mehboob 27 February 2023 at 08:48

In the recent NCLAT matter decided on 03rd February, 2023, NCLAT dealt with one of such issues on interest on operational debt. This article covers this case law of NCLAT in brief with its analysis.

Posted in Corporate Law | 618 Views

Report on Group Insolvency: Key Highlights

CS Peer mehboob 25 February 2023 at 09:01

On 18th January 2023, the MCA had placed the second report of the CBIRC on enterprise group insolvency based upon UNCITRAL Model Law for enterprise group insolvency.

Posted in Corporate Law | 1785 Views

Proposed amendments in IBC in the year 2023

CS Peer mehboob 07 January 2023 at 08:56

The amendments vide Insolvency and Bankruptcy Code (Amendment) Bill 2022 to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for timely resolution of stressed assets, are expected to be introduced in the Budget session of Parliament early next year.

Posted in Corporate Law | 7107 Views

Key Highlights of IBBI Regulations, 2022

CS Peer mehboob 05 November 2022 at 08:56

On 31st October 2022, IBBI has amended the IBBI( Model Byelaws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 vide IBBI( Model Byelaws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022.

Posted in Corporate Law | 675 Views

Management Aspects in Insolvency and Bankruptcy Process

CS Peer mehboob 15 March 2022 at 08:52

As per section 17 of the Insolvency and Bankruptcy Code, from the date of appointment of the interim resolution professional, the interim resolution professional vested with the management of the corporate debtor.

Posted in Corporate Law | 2568 Views

Insolvency and Bankruptcy Code Provisions relating to Personal Guarantors - All Writ Petitions transferred to SC

CS Peer mehboob 04 November 2020 at 12:53

The Supreme Court has directed that writ petitions involving IBC 2016 and other provisions related to personal guarantors shall not be entertained by any High Court.

Posted in Corporate Law | 2505 Views

Commencement Notification of Companies (Amendment) Act, 2019

CS Peer mehboob 19 August 2019 at 10:31

MCA Commencement Notification of Companies(Amendment) Act, 2019Ministry of Corporate Affairs (MCA) has vide its Commencment Notificaition dated 14.08.2019, app..

Posted in Corporate Law | 3 comments | 6048 Views

Analysis of the amended provisions of Extract of Annual Return (Form MGT-9)

CS Peer mehboob 29 May 2019 at 15:30

Introduction:The Companies (Amendment) Act 2017 ('CAA, 2017') introduced several amendments to the Companies Act 2013, realigning existing provision

Posted in Corporate Law | 2 comments | 21801 Views

ACTIVe form - Practical difficulties and unresolved issues

CS Peer mehboob 29 April 2019 at 11:06

Introduction:The Ministry of Corporate Affairs (MCA) through notification dated 21st February, 2019 introduced the Companies (Incorporation) Amendment Rules, 20..

Posted in Corporate Law | 3 comments | 7860 Views

Brief Analysis on recent Supreme Court's judgement striking down RBI's Circular on debt resolution

CS Peer mehboob 23 April 2019 at 11:13

Introduction:On April 2, 2019, Supreme Court, in the matter of Dharani Sugars and Chemicals Ltd. Vs. Union of India, delivered a landmark judgement, which deals..

Posted in Corporate Law | 2 comments | 8988 Views