Question of law:Can proceedings be initiated under IBC with regard to a debt, the recovery of which has become time-barred?Existing provisions under IBC 2016:It..
Continue Reading »Key amendments: T= Commencement of the CIRP and appointment of the IRP Regulation 6: The IRP has to do a PA within 3 days from the ICD date not from the date of..
Continue Reading »Insolvency Commencement Date: 11 Aug 2017CIRP ends on: 07 Feb 2018AA vide its order dated 16 Jan 2018 extended the period of CIRP beyond 180 days for a further ..
Continue Reading »The time prescribed for filing legal proceeding by or against Corporate Debtor is to be excluded for which an order of moratorium has been made
Continue Reading »Applicability: It extends to the whole of India Key Definitions: �Administrator� means an Administrator appointed under sub-section (1) of section
Continue Reading »BRIEF ABOUT THE INSOLVENCY LAW COMMITTEE (�IBC COMMITTEE�) The Insolvency Law Committee (�the Committee�) was constituted by the Ministr
Continue Reading »Section 33 of the IBC sets out the various circumstances in which the adjudicating authority must pass an order directing liquidation of the corporate debtor:
Continue Reading »