Only 2% Personal Guarantee Claims Recovered under IBC so far: IBBI
As per the latest data from the Insolvency and Bankruptcy Board of India ( IBBI ) the creditors have recovered 2.16 per cent, or Rs 102.78 crore, of...
Proceedings under IBC do not exclude Court Jurisdiction to Entertain Section 11 Applications under A&C Act: Delhi HC [Read Order]
In a recent decision, the Delhi High Court held that the proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) do not exclude court jurisdiction to entertain Section 11 applications under...
Special Court Presided By Sessions Judge Has Jurisdiction to Hear Offences Under Insolvency Bankruptcy Code: Supreme Court
The Supreme Court has held that a Special Court presided by a Sessions Judge or Additional Sessions Judge has the jurisdiction to hear offences under the Insolvency and Bankruptcy Code. The Court...
Belated Claims by Creditors not to be Considered as IBC Proceedings are Time Bound: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the belated claims by creditors not to be considered as the nature proceedings under the Insolvency and Bankruptcy...
NCLT not Empowered to Set Aside Arbitral Award passed during Moratorium Period u/s 14 of IBC: NCLT [Read Order]
The Kolkata Bench of the National Company Law Tribunal ( NCLT ) held that the NCLT is not empowered to set aside arbitral award passed during moratorium period under Section 14 of the Insolvency and...
NCLAT upholds CIRP Proceedings initiated u/s 9 of IBC against Corporate Debtor for outstanding dues to Operational Creditor [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) upheld the Corporate Insolvency Resolution Professional ( CIRP )Â proceedings initiated under Section 9 of the Indian...
