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Articles for Liquidation Proceedings

Top 10 Insolvency Law Judgements [April To September 2023]
1 year, 2 months ago

Top 10 Insolvency Law Judgements [April To September 2023]

Live Law  

In recent times, several noteworthy judgments have been rendered by the Indian Courts and Tribunals in matters relating to the Insolvency and Bankruptcy Code, 2016. M. Suresh Kumar Reddy v. Canara Bank Supreme Court of India Citation: 2023 LiveLaw 428 The Adjudicating Authority has no option but to admit a petition filed under Section 7 of the Insolvency and Bankruptcy …

Law Appeal Court Insolvency Resolution Corporate Debtor Indian
How a 'sharp deterioration' in China's property market and potential collapse of Evergrande could affect Australia's economy
1 year, 2 months ago

How a 'sharp deterioration' in China's property market and potential collapse of Evergrande could affect Australia's economy

ABC  

China's property market is facing a "sharp deterioration" which could lead to financial stress domestically, and ultimately affect its trade with Australia. Key points: Evergrande is facing liquidation proceedings on October 30 Police have detained its chairman and founder Hui Ka Yan The company has been blocked from raising new debt to fund its survival That is one of the …

Economy China Market Australia Financial Property Debt
NCLAT: Liquidation Proceedings Quashed On The Ground That Sole Decision Of Related Parties Financial Creditors Could Be Fatal For The Existence Of The Corporate Debtor
3 years, 7 months ago

NCLAT: Liquidation Proceedings Quashed On The Ground That Sole Decision Of Related Parties Financial Creditors Could Be Fatal For The Existence Of The Corporate Debtor

Live Law  

The Principal Bench of the National Company Appellate Law Tribunal at Delhi comprising of Justice A.I.S. "An order for liquidation of corporate debtor based on the sole decision of related parties Financial Creditors could be fatal for the existence of the corporate debtor, cannot be sustained. It also addressed Section 21 of the Code which deals with the Committee of …

Corporate Insolvency Resolution Corporate Debtor Committee Nclt Limited
Insolvency Law In Review – October 2020
4 years, 1 month ago

Insolvency Law In Review – October 2020

Live Law  

BY Rahul Sibal, Siddharth Sunil, Akshata Singh, Pranav Narsaria & Karan Sangani The enactment of the Insolvency and Bankruptcy Code 2016 has had significant ramifications on the corporate insolvency landscape. High Courts In Gouri Shankar Chatterjee v. State Bank of India, the Calcutta High Court held that the National Company Law Tribunal did not have the jurisdiction to entertain an …

Law Delhi Mumbai Supreme Court Corporate Financial Insolvency
Recommendations Of The Insolvency Law Committee: Time For More Changes In IBC
4 years, 9 months ago

Recommendations Of The Insolvency Law Committee: Time For More Changes In IBC

Live Law  

The bankruptcy law framework of India has undergone changes several times since it came into force in the form of the Insolvency and Bankruptcy Code, 2016. Distribution of profits earned during the CIRP period Another concern has been in relation to the profits earned by a corporate debtor during the period of corporate insolvency resolution process. In line with the …

Law Corporate Insolvency Resolution Corporate Debtor Changes Case