Telecommunications Department may approach the Supreme Court against moratorium on Aircel Spectrum
June 1, 2020 INSOL India - Editorial Team
The Department of Telecommunications is likely to knock the doors of the Apex Court in order to exclude the spectrum held by Aircel from the scope of moratorium imposed on Aircel. The Department of Telecommunications (DoT) wants the telecom operator..
Read More
NCLT makes Default Records Mandatory from the Information Technology – CIRP
June 1, 2020 INSOL India - Editorial Team
NCLT has made it mandatory for all the financial creditors to file “Default Records” from information utility while filing section 7 of the IBC Code. This is a mandatory directive issued, otherwise no petition will be entertained. NCLT has also..
Read More
IBC Process - New Challenges as some winners look to wriggle out
June 1, 2020 INSOL India - Editorial Team
Resolutions under the IBC may face a difficult time after the pandemic of COVID-19 as bankers fear that winning bidders will review their interest in companies undergoing CIRP and may attempt to re-negotiate bids or pull out altogether. Bankers also fear..
Read More
Indian Industries Association (IIA) raises concern over amendments to the Insolvency and Bankruptcy Code, 2016 (“IBC”)
June 1, 2020 INSOL India - Editorial Team
Various people in the IIA have raised concerns in relation to the amendment of Section 4 of the IBC stating that such amendment is against the interests of MSMEs. In a letter, the IIA has stated that, “The Finance Ministry has..
Read More
INSOL India gets new member to Editorial Team
April 21, 2020 INSOL India - Editorial
We are pleased to announce that Ashwin Bishnoi joins our editorial board. Ashwin is a Partner at the leading law firm of Khaitan & Co. Ashwin specializes in complex corporate rescues and distress M&A transactions in India and has been..
Read More
UPDATES ON OTHER COINCIDING/ RELATING LAWS - ARBITRATION LAW UPDATES
April 21, 2020 EDITORIAL TEAM - INSOL India
The limitation period for filing of an application to set aside a domestic award in India is 3 months (extendable at the discretion of the court by 30 days) from the receipt of the arbitral award by the aggrieved party..