Tag: Insolvency and Bankruptcy Code

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

Creditors Can Move Against Personal Guarantor of Corporate Debtor Under IBC-NCLAT

The law of Insolvency and Bankruptcy Code (“I&B Code”) is at its nascent stage and there are several legal issues, which still puzzle stakeholders. Applicability of order of moratorium, passed in the insolvency resolution process