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Can A Company Be Declared Bankrupt For Inability To Pay License Fee? NCLAT Sets A Firm Precedence

Can A Company Be Declared Bankrupt For Inability To Pay License Fee? NCLAT Sets A Firm Precedence

Legal experts say that this will prevent firms from defaulting on timely payment over fears of a corporate insolvency resolution process under the IBC

02 August 2022
NCLT Cannot Exercise Power To Initiate Insolvency Proceedings Arbitrarily: SC

NCLT Cannot Exercise Power To Initiate Insolvency Proceedings Arbitrarily: SC

The top court said if a corporate debtor opposes the initiation of insolvency proceedings on the ground that it has a money award in its favour and the awarded...

12 July 2022

Insolvency Board Amends Rules For Swifter Redressal Of Grievances

The new rules will also provide effective participation of income payment agreements or IPAs in regulating the insolvency professionals through examination of...

Future Retail Gets Time Till June 6 To File Reply On Insolvency Plea

Future Retail Gets Time Till June 6 To File Reply On Insolvency Plea

In April, Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.

13 May 2022

Deadline To Submit Reliance Capital Resolution Plans Extended Till June 30

Reliance Capital has eight businesses that are on the block. These include general insurance, life insurance, health insurance, securities business and asset...

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06 May 2022
Denied Refund By Developer? Here’s The Legal Recourse Home Buyers Have

Denied Refund By Developer? Here’s The Legal Recourse Home Buyers Have

Real estate legal experts believe that home buyers have multiple legal avenues to claim refund from a developer. Read here to find out more.


30 April 2022
Need Framework To Study Impact Of Insolvency Law: Corporate Affairs Secretary

Need Framework To Study Impact Of Insolvency Law: Corporate Affairs Secretary

The IBC, which came into force in 2016 and has undergone six amendments so far, provides for a time-bound and market-linked resolution of stressed assets.


28 April 2022
NCLT Gives Future Retail Time Till May 12 To File Reply On Insolvency Plea

NCLT Gives Future Retail Time Till May 12 To File Reply On Insolvency Plea

Last week, the Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.


25 April 2022
Yes Bank Files Plea For Insolvency Proceedings Against Zee Learn

Yes Bank Files Plea For Insolvency Proceedings Against Zee Learn

The company said that Yes Bank Ltd has allegedly claimed that the total amount in default with respect to a financial facility is Rs 468 crore.


15 April 2022
Debt Recovery Via Insolvency Cases At 31%; 47% Cases Liquidated: Report

Debt Recovery Via Insolvency Cases At 31%; 47% Cases Liquidated: Report

The data which covers all the cases since the implementation of the Insolvency and Bankruptcy Code (IBC) five years ago till December 2021 reflects very slow...


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23 February 2022
Zee Entertainment Moves NCLT For Dismissal Of IndusInd Bank's Insolvency Plea

Zee Entertainment Moves NCLT For Dismissal Of IndusInd Bank's Insolvency Plea

IndusInd Bank had moved NCLT claiming default of Rs 83.08 crore against the media & entertainment firm


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