Tag: Insolvency and Bankruptcy Code

Applicability of Limitation Act to Insolvency Cases

The Insolvency & Bankruptcy Code 2016 (“IB Code”) was enacted in 2016. The question of applicability of the the Limitation Act, 1963 (“Limitation Act”) to IB Code continues to be a bone of contention till

IndiaLaw LLP in News (Business Standard – Mumbai Edition , 26 June 2019)

IndiaLaw LLP in News (Economic times – Mumbai Edition , 26 June 2019)

Claims under Non-Invoked Corporate Guarantee has to be admitted under I&B Code

In a landmark judgment[1], National Company Law Appellate Tribunal (“NCLAT”) settled law under Insolvency and Bankruptcy Code 2016 (“IBC”) in respect of claims arising out of counter corporate guarantee and non-invoked guarantee. IBC mandates Resolution

IBC Ordinance Removes Uncertainty Regarding applicability of Limitation Act

Insolvency & Bankruptcy Code (Amendment) Ordinance, 2018 (“Ordinance”) settled uncertainty regarding the applicability of Limitation Act 1963 over proceeding under the Insolvency and Bankruptcy Code 2016 (“Code”). The Ordinance introduced a new section 238 A

President Approves Amendments to Insolvency & Bankruptcy Code

Paving the way for certain big-ticket reforms to the Insolvency and Bankruptcy Code 2016 (“Code”), the President has given his assent to the promulgation of Insolvency & Bankruptcy Code (Amendment) Ordinance, 2018 (“Amendment”). Significant changes