Videocon Industries schedules 44th meeting of creditors for corporate insolvency resolution – ETLegalworld
Videocon Industries schedules 44th meeting of creditors for corporate insolvency resolution ETLegalworld Read the original article here
Shoosmiths expands Corporate Restructuring & Advisory team with new London partner
Shoosmiths is pleased to announce the appointment of Jonathan Dunkley as a partner in its Corporate Restructuring & Advisory (CR&A) team. Jonathan is based in Shoosmiths’ London office, where he will play a key role in enhancing the firm’s CR&A capabilities. Jonathan joins Shoosmiths from Womble Bond Dickinson, where he led the London Restructuring and…
CoC Can Take Decision To Consolidate CIRP: NCLT
The Hyderabad bench of the National Company Law Tribunal ( NCLT ) held that the Comittee of Creditors ( CoCs ) can take decision to consolidate the Corporate Insolvency Resolution Process ( CIRP ). The application has been filed by the suspended director of M/s. Manjeera Retail Holdings Private Limited ( MRHPL ),Gajjala Yoganand which,…
RBI Deputy Governor Finds Committee Of Creditors’ Performance Lacking
Reserve Bank of India Deputy Governor M Rajeshwar Rao on Saturday pitched for an enforceable code of conduct for the Committee of Creditors under the insolvency resolution process. While emphasising that the Insolvency and Bankruptcy Code, which was introduced in 2016, has gained significant traction as a recovery and resolution mechanism, Rao also said significant…
RBI Deputy Guv pitches for enforceable code of conduct for CoC
New Delhi, Dec 7 (PTI) Reserve Bank Deputy Governor M Rajeshwar Rao on Saturday pitched for an enforceable code of conduct for the Committee of Creditors (CoC) under the insolvency resolution process. While emphasising that the Insolvency and Bankruptcy Code (IBC), which was introduced in 2016, has gained significant traction as a recovery and resolution…
NCLAT holds No Pre-CIRP can be Recovered After Admission of Corporate Debtor Into Insolvency
It was evident that the appellant could not have adjusted the security deposit given by the corporate debtor towards its pre-CIRP dues after the admission of the corporate debtor into the insolvency The Chennai bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that pre-CIRP dues cannot be recovered once the corporate…
Section 43 Of IBC Cannot Be Attracted When No Transaction Was Made By Corporate Debtor: NCLAT
The NCLAT New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Barun Mitra (Technical Member) has held that section 43 of the code can be attracted only when the transaction in question is made by the corporate debtor and not when it is made by the third party in pursuance of a statutory demand.…
NCLAT upholds NCLT admission of JAL to insolvency, Legal News, ET LegalWorld
Highlights The National Company Law Appellate Tribunal upheld the order of the National Company Law Tribunal admitting Jaiprakash Associates Limited to the Corporate Insolvency Resolution Process. The National Company Law Appellate Tribunal found that Jaiprakash Associates Limited had made a One Time Settlement offer and paid ₹ 200 Crores as an upfront amount. The appeals…
Access Denied
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/nclat-rejects-jaiprakash-associates-petition-challenging-insolvency-124120601088_1.html” on this server. Reference #18.1ef3ce17.1733497643.21b9d1c https://errors.edgesuite.net/18.1ef3ce17.1733497643.21b9d1c Read the original article here
NCLAT upholds insolvency order against Jaiprakash Associate
In a significant blow to Jaiprakash Associates Ltd (JAL), the debt-ridden parent company of the distressed Jaypee Group, the National Company Law Appellate Tribunal (NCLAT) on Friday dismissed its appeal challenging the company’s admission into insolvency. This decision affirms the National Company Law Tribunal’s (NCLT) 3 June order, which admitted JAL into insolvency proceedings based…