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- If the Resolution Plan contemplates a change in the nature of business of Corporate Debtor to another line when the existing business is obsolete or non-viable, it cannot be construed that the Resolution Plan is not feasible or viable – Next Orbit Ventures Fund Vs. Print House (India) Pvt. Ltd. – NCLAT New Delhi April 18, 2021
- MSME certificate is required to take benefit of MSME under Section 240A of IBC, the Resolution Professional & AA are not expected to go into accounts and investigate if and in which category an application falls under Section 7 of MSME Act – Ashish Mohan Gupta Vs. The Liquidator of M/s. Hind Motors India Ltd (In Liquidation) – NCLAT New Delhi April 18, 2021
- Adjudicating Authority have the power to set aside an ex-parte Order provided, it is satisfied that there was sufficient cause with respect to service of Notice – Ms. AKJ Fincap Limited Vs. Bank of India – NCLAT New Delhi April 18, 2021
- Whether an entry made in a balance sheet of a corporate debtor would amount to an acknowledgement of liability under Section 18 of the Limitation Act – Summary of Supreme Court in Asset Reconstruction Company (India) Limited Vs. Bishal Jaiswal & Anr. April 17, 2021
- Consideration of matters / issues by the committee of creditors on request by members of the committee – IBBI Clarification No. IBBI/CIRP/2021 dated 16.04.2021 April 17, 2021
All about Indian Insolvency Laws
A new web-based resource is available to assist the professionals practicing in the area of insolvency and bankruptcy, company liquidation, merger & acquisition, valuation etc. to provide up2date information such amended laws and regulations, NCLTs, NCLAT, High Courts, Supreme Court judgments, IBBI’s & MCA’s circulars & Notifications, articles, guide and a platform where they can share his ideas and discuss about the subject matter.
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We believe that a case law becomes useful when it can be found on time in an easy way. To fulfill this, we report all judgments in three parts, Case Reference, Brief about the decision and Full text of the judgment including heading of the judgment which helpful to find the right judgment using our advance filter functions & tools.