What is Insolvency And Bankruptcy Code?

By |2019-04-13T17:27:02+05:30April 13th, 2019|Insolvency(IBC)|

What is IBC? Insolvency and Bankruptcy Code 2016 is one of the biggest step undertaken by India towards much required economic reform of country. That’s why Government has rolled out such a code in a very speedy manner for its implementation. History Line of IBC:- Difference between Insolvency and Bankruptcy? Going forward to [...]

4 Situations When Liquidation Can Be Ordered Under IBC

By |2019-04-08T16:15:54+05:30April 8th, 2019|Insolvency(IBC)|

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 becomes the last option. There could be following four situations under which liquidation can [...]

Home Buyers Which Way To Go RERA Or Insolvency Code? -EasyLegalTax

By |2019-04-13T12:49:49+05:30February 20th, 2019|Insolvency(IBC), RERA|

Complaint against builder under RERA or IBC? As the fastest growing economy of the world, India is witnessing heavy development in the form of setting up of new industries, new residential development. Rural population is heavily migrating around the metropolitan cities because of which heavy construction is going around the main cities of India [...]

Why Home Buyers Are Unsecured Creditors Under Insolvency And Bankruptcy Code? -EasyLegalTax

By |2019-04-09T12:08:04+05:30February 20th, 2019|Insolvency(IBC)|

Indian real estate buyers are witnessing lots of confusion regarding the recovery of their money lying withbuilders, adding more atrocity to situation now the builders don't have money to pay back, the projects are stucked in middle or with no development. Arrival of new RERA law, adding hopes in the life of home buyers for [...]

7 Benefits to home buyers under IBC as financial creditors- EasyLegalTax

By |2019-04-09T12:06:17+05:30February 19th, 2019|Insolvency(IBC)|

Everywhere in India where new developments are going, real estate investors or home buyers have faced lots of problems of for getting possession of the property or either the refund of their hard earn money ,but unfortunately neither of option has really worked. Past two decades when everyone felt heavy construction around the prominent [...]

Time Limit For Completion of Insolvency Resolution Process -EasyLegalTax

By |2019-04-09T12:03:53+05:30February 11th, 2019|Insolvency(IBC)|

For understanding the exact conceptread these two definitions:- Defination1:-Insolvency Commencement Date = date of admission of application for initiating Corporate Insolvency Resolution Procedure(CIRP) by the adjudicating authority(NCLT)  u/s 7, 9 or 10, as the case may be. Defination2:- Insolvency Resolution process period = period of 180days from the date of insolvency commencement date. As [...]