Who are a Corporate Debtor, a Corporate Applicant and a Financial Service Providers under IBC
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Initiation of CIRP by corporate applicant under Section 10 of the IBC Read Post »
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Common Issues for Section 7, 9 and 10 Read Post »
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Section 12A is inserted by second amendment in IBC on recommendation by Insolvency Law Committee Report submitted in Mar, 2018 to provide facility to withdraw application made under section 7, 9 or 10 on settlement even if CIRP has been initiated. Before the Section 12A, there was no provision in the Code or the regulations in relation to permissibility of withdrawal post admission of a CIRP application. As discussed above, only rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016t provide facility to withdraw the application on a request by the applicant before it is admitted by the NCLT.
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Declaration of Moratorium and Public Announcement [Section 13, 14 & 15 of the IBC] Read Post »
Decoding the CodeChapter-II: Corporate Insolvency (CIRP)Topic-2 : Moratorium, Public Announcement and Time Limit All about Moratorium under Section 14 of
All about Moratorium under IBC including judicial pronouncements Read Post »
Decoding the CodeChapter-II: Corporate Insolvency (CIRP)Topic-2 : Moratorium, Public Announcement and Time Limit Analysis of Time Limit under Section 12
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