IndiaFilings - Business Registration - Guides & Articles

May - 2020

23

Liquidation of Corporate Debtors Under Insolvency and Bankruptcy Code Liquidation of Corporate Debtors Under Insolvency and Bankruptcy Code The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “The Code”), was implemented to mend the broken and unstable system of insolvency. The Code has been corroborated in a manner where it assimilates all aspects o ...

May - 2020

19

CIRP Petitioners: Corporate Debtors, Financial & Operational Creditors CIRP Petitioners: Corporate Debtors, Financial & Operational Creditors Insolvency and Bankruptcy Code, 2016 [1] (hereinafter referred to as “The Code”) was introduced to streamline the insolvency regime. Before the Parliament passed the Bill for The Code, insolvency cases depended largely on ot ...

May - 2020

16

Position of Home-buyers under the Insolvency and Bankruptcy Regime Position of Home-buyers under the Insolvency and Bankruptcy Regime Insolvency and Bankruptcy Code, 2016 [1] (hereinafter referred to as “The Code”) was introduced for several reasons. The primary reason was, to create an appropriate system for the insolvency process and reduce the time taken to con ...

May - 2020

13

Insolvency & Bankruptcy against Personal Guarantor of Corporate Debtors Insolvency & Bankruptcy against Personal Guarantor of Corporate Debtors Insolvency and Bankruptcy forum introduced fresh rules in November 2019 for initiating a proceeding for insolvency against the Personal Guarantor of Corporate Debtor. The Indian Contract Act, 1872, governs laws relating to ...

May - 2020

08

Stages of Corporate Insolvency Process Stages of Corporate Insolvency Process A glance into the comprehensive mechanism of the IBC, 2016. Indian legal system incorporated legislation distinctly dealing with insolvency and bankruptcy in 2016. Up until then, matters pertaining to insolvency and bankruptcy were largely covered in vary ...

May - 2020

06

Changes to Insolvency & Bankruptcy Act - COVID-19 Changes to Insolvency & Bankruptcy Act - COVID-19 Insolvency and Bankruptcy Bill was passed in the Lok Sabha in 2016 bringing into effect the Insolvency and Bankruptcy Code, 2016 [hereinafter referred as “The Code”]. The insolvency and bankruptcy mechanism which prevailed prior to the formation ...

Dec - 2019

18

Insolvency and Bankruptcy Code Second Amendment 2019 Insolvency and Bankruptcy Code Second Amendment 2019 Insolvency and Bankruptcy Code, 2016 offers a time-bound procedure for settling insolvency in companies and among individuals. Insolvency and Bankruptcy Code (Second Amendment) Act 2019 has been passed to amend the Insolvency and Bankruptcy Code ...

Aug - 2019

20

Benefits for Homebuyers in IBC Ruling Benefits for Homebuyers in IBC Ruling Homebuyers embroiled in disputes over the one lakh plus stalled realty projects in India have, at long last, won some support from the government and the judiciary in their prolonged struggle against developers. On the 9th of August, 2019, the Supreme Court ...

Aug - 2019

17

IBC Amendments 2019 IBC Amendments 2019 The Parliament and the President passed the amendments proposed to the Insolvency and Bankruptcy Code (IBC) of 2016 through the introduction of the Insolvency and Bankruptcy (Amendment) Act in 2019. The IBC has been widely considered as landmark legislation that brought about a ...

Jan - 2019

22

SARFAESI Act SARFAESI Act The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002, is an Indian regulation which was enforced in the year 2004. SARFAESI was created to allow banks and financial institutions to auction properties (residential and comm ...