Under insolvency and bankruptcy law, it’s always not been the situation that the resolution process for the revival of corporate debtor initiated under the code becomes successful and everyone gets the satisfied solution. In such situation, liquidation of the debtor…

1. Company Name Board– Every Company shall paint or affix the name and address of registered office and keep the same painted/affixed, outside every office or place in which its business is carried on, in legible letters.

2. Letter Head of Company–…

INTRODUCTION

The National Company Law Appellate Tribunal (NCLAT) in an Appeal preferred by Mr. Abhay N. Manudhane, the Liquidator of Gupta Coal India Pvt. Ltd. (‘Corporate Debtor’) against the order dated 30th May, 2019 passed by the Adjudicating Authority (National…

Provisions under the IBC

On the vide recommendation of Justice Eradi Committee on law relating to insolvency and winding up of companies, the NCLT and NCLAT was established on 1st June, 2016.

The jurisdiction of NCLT and NCLAT extents to the Companies Act,…

The Insolvency and Bankruptcy Code, 2016 (IBC) was introduced to consolidate laws relating to insolvency resolution of corporate persons, firms and individuals.

Insolvency Professional/Resolution Professional (IP/RP)

While the Code in itself is very intricate and accommodates point by point mechanism…

Section 65 was consolidated in the Insolvency and Bankruptcy Code, 2016 (the "Code") so the provisions thereof can't be abused by any individual who has started the insolvency resolution procedure or liquidation procedures with a fake or vindictive plan, and…