IBBI India signs a Memorandum of Understanding with RBI for Sharing of Information
The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Reserve Bank of India (RBI). The MoU was...
Section 9(3)(c) of the Insolvency and Bankruptcy Code, 2016 is directory in nature, says Supreme Court [Read Judgment]
Recently a two-member bench of the Supreme Court of India, in the case of Macquarie Bank Limited Vs. Shilpi Cable Technologies Ltd. held that Section 9(3) (c) of The Insolvency and Bankruptcy Code,...
Claim of Investments cannot be considered as 'Operational Debt' under Insolvency and Bankruptcy Code: NCLT [Read Order]
The National Company Law Tribunal, New Delhi bench held that investment claim cannot be considered as ‘operational debt’ and the applicant is not an ‘operational creditor’ under section 9 of the...
Give a carve-out to Home Buyers, Treat them at par with Banks in Realty Projects: ASSOCHAM urges Govt.
ASSOCHAM today urged the government, National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India to treat home buyers in real estate projects at par, if not above banks in...
