Disapproving a High Court's ordeer interdicting of a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and ...
As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in ...
Chapter 15 of the Bankruptcy Code (which is based upon the UNCITRAL Model Law on Cross-Border Insolvency) is designed to ...
The NCLAT has ruled that EPFO can initiate assessment proceedings during liquidation of a company under IBC. This clarifies ...
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The Supreme Court, led by Chief Justice Sanjiv Khanna, criticized government authorities for excessive delays in filing ...
The insolvency appellate tribunal has determined that statutory authorities, like the EPFO, may initiate assessment proceedings once the liquidation process begins for a debt-laden company under the ...
Stressed companies under insolvency law have assets worth less than 5% of what they owe to lenders. As of September, 2,630 liquidation cases owed ₹9.51 lakh crore but had only ₹45,000 crore in assets.
India must note that a reliable and predictable insolvency framework is essential for economic stability, attracting foreign ...
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Can EPFO File Assessment Proceedings Against A Company During Insolvency? NCLAT ClarifiesThe insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, ...
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Hero Electric after admitting a plea by ...
NCLT appoints Bhoopesh Gupta as Interim Resolution Professional for Hero Electric after rejecting objections raised by the ...
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