Tag: CorporateInsolvency
Buyer Beware: Court Holds New Management Liable for Unpaid Gratuity in Insolvency Cases
The High Court of Calcutta recently delivered a significant judgment in the case of M/s. Stesalit Limited vs. Union of India & Ors., addressing disputes over gratuity payments under the Payment of Gratuity Act, 1972,
IBBI Issues New Guidelines for Insolvency Professionals to Update Appointments on Its Portal
The Insolvency and Bankruptcy Board of India (IBBI) has introduced a new circular that formalizes the process for insolvency professionals (IPs) to update their appointments on the IBBI portal. This move aims to improve record-keeping,
Personal Guarantors to Corporate Debtors: A Guide to Insolvency Resolution under IBC
Introduction The Insolvency and Bankruptcy Code (IBC), 2016, provides a robust legal framework to resolve insolvency and ensure the timely reorganization of debts. Sections 94 to 120, specifically, deal with the insolvency resolution process for
Analysis of the Jet Airways Insolvency Case and the Shortcomings of the IBC, 2016
The Jet Airways (India) Limited insolvency case has garnered significant attention as it highlights critical aspects of the Insolvency and Bankruptcy Code (IBC), 2016, and the challenges associated with corporate resolution processes in India. This
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