NCLAT Fortnightly: Important orders on IBC (November 16 – November 30, 2024) Bar & Bench – Indian Legal News Read the original article here
Introduction The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following…
Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) came into force in June 2020. It introduced a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK. The overarching objective of the Act is to promote the rescue of companies in financial…
Disapproving a High Court’s ordeer interdicting of a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), the Supreme Court recently observed that the IBC is a complete code in itself, having sufficient checks and balances, and thus, the exercise of supervisory and judicial review powers by High Courts demands rigorous scrutiny…
The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of…
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
The practice area of bankruptcy & insolvency is in a constant state of flux. 2020 and 2021 saw some of the biggest reforms to our insolvency framework in 30 years, as businesses struggled financially with the fallout from the Covid-19 pandemic. Introduction The government’s insolvency reforms, which commenced on 1 January 2021, created a new…
Australia’s insolvency landscape is changing in response to new economic conditions. NAB examines the latest data to help you best position your professional services business for what’s to come. Visit nab.com.au/insolvency to find out how our Professional Services Bankers can help your Insolvency business. Sources: 2022 insolvencies: ASIC’s Insolvency Statistics series 1. The fall…
When I was sitting my HSC, I found myself at a crossroads between two distinct career paths: economics and law or exercise science and nutrition. A career fair, where I learned that the exercise science degree may require me to work with cadavers, made my choice clear and I haven’t looked back. Working in restructuring…
Proceedings U/s. 138 NI Act Can’t Continue Against Authorised Signatory After Commencement Of Insolvency… Verdictum Read the original article here