comparemela.com

Ibc Orders News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Section 60(1) IBC does not confer exclusive jurisdiction on NCLT for insolvency proceedings: Madras High Court

If the IRP of the personal guarantor was completed and bankruptcy proceedings had been initiated before the DRT, no useful purpose would be served by transferring the proceedings to the NCLT, the Court held.

High courtMadras high courtInsolvency resolution processNclt not sole authority for personal guarantorDebt recovery tribunalInsolvency and bankruptcy proceedingsInsolvency and bankruptcy codeTransfer of bankruptcy proceedings to ncltKeb hana bankCorporate debtorPersonal guarantorsActing chief justicet rajaJusticed bharatha chakravarthyMadras hc newsSection 60 1 ibcSection 60 3 ibc

SEBI order no bar on initiation of CIRP: NCLT orders insolvency process against Pancard Clubs

NCLT Mumbai on Friday admitted a petition initiating the Corporate Insolvency Resolution Process (CIRP) against Pancard Clubs Limited.

Nausher kohliSecurities exchange board of indiaSecurities exchange boardSecurities appellate tribunalNational company law tribunalNclt mumbaiInsolvency processCorporate insolvency resolution processCirp processPancard clubs ltdMumbai benchNclt ordersNclt newsInsolvency and bankruptcy codeIbc orders

Default in payment under settlement agreement does not come under definition of operational debt: NCLT

The Bench reiterated that that unpaid instalments under a settlement agreement cannot be treated as operational debt as per Section 5(21) of the IBC.

National green tribunalNational capital regionNclt delhiNclt ordersOpertational creditorsReal estate insolvency projectsCorporate debtorJustice abni ranjan kumar sinhaHemant kumar sarangiSection 9 of ibcSection 8 of ibcOperational debtIbc ordersNational company law tribunalInsolvency and bankruptcy code

CIRP can t be triggered solely on basis of unpaid interest when principal debt has been discharged: NCLT

NCLT Delhi dismissing a petition for initiation of CIRP held that pending interest amount does not amount to “debt” for initiation of CIRP when the principal amount is paid by the debtor.

Kanodia technoplast ltdNational company law appellate tribunalJustice abni ranjan kumar sinhaTechnoplast ltdSaraf chitsLn guptaSection 7 of ibcIbc ordersInsolvency and bankruptcy codeNclt ordersNclt newsUnpaid interestFinancial debtCorporate insolvency resolution process

vimarsana © 2020. All Rights Reserved.