May 2, 2023
In Royal Manpower Services v. Faridabad Autocomp Systems Private Limited, the NCLAT held that threshold of INR 1 Crore for filing of an application shall not be applicable on an application filed prior to the issue of notification prescribing such..
May 1, 2023
The introduction of the Insolvency and Bankruptcy Code, 2016 was aimed, among other objectives, at reducing delays that had severely impacted the recovery rates for creditors in insolvency proceedings. The key reasons identified for these delays included lack of institutional..
The National Company Law Appellate Tribunal (NCLAT) recently held, in the matter of Base Realtors Private Limited v. Grand Realcon Private Limited
April 28, 2023
The National Company Law Appellate Tribunal (NCLAT) recently held, in the matter of Base Realtors Private Limited v. Grand Realcon Private Limited, that an application under Section 7 of the Insolvency Bankruptcy Code (IBC), 2016 is maintainable for the component..
April 27, 2023
A section of the shareholders of McDowell Holdings, formerly owned by Vijay Mallya, has approached the Supreme Court opposing the National Company Law Appellate Tribunal's decision to allow creditor Sun Star Hotels & Estate to proceed with the insolvency proceedings...
April 20, 2023
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, comprising of Justice Rakesh Kumar Jain and Shri Naresh Salecha, while adjudicating an appeal filed in the matter of Madhya Pradesh Paschim Kshetra Vidyut Vitaran Co. Ltd. v Jagdish Kumar &..
April 19, 2023
90% of the lenders of VoVL (formerly known as Videocon Oil Ventures Ltd) approved a conditional sale of 2 of its oil basins to Eneva S A and 1 oil basin to PetroRio, both of which are Brazilian gas operators...