THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2019 PROMULGATED BY THE PRESIDENT
- Posted by Arpit Marwah
- On January 9, 2020
The ordinance amends the Insolvency and Bankruptcy Code, 2016 and effaces certain ambiguities therein. The ordinance primarily provides immunity...
RBI APPOINTED ADMINISTRATOR OF DHFL CALLS FOR THE FIRST COMMITTEE OF CREDITORS MEETING
- Posted by Arpit Marwah
- On January 9, 2020
Dewan Housing Finance Corporation Ltd. (DHFL), the third largest pure play company focused on mortgage, is the first non-banking...
CITIZENSHIP AMENDMENT ACT (CAA) 2019: A BRIEF OVERVIEW OF THE AMENDED ACT
- Posted by Arpit Marwah
- On December 17, 2019
The Citizenship Amendment Bill 2019 was passed by both the houses of Parliament and has received President’s assent on...
NCLAT STAYS NCLT ORDER WHEREBY IT WAS MADE MANDATORY TO MAKE MCA A PARTY IN ALL PROCEEDINGS BEFORE THE NCLT
- Posted by Arpit Marwah
- On December 16, 2019
On 10.12.2019, the NCLAT has stayed the operation of Para 4 of order passed by the Principal Bench of...
PROPOSED CHANGES UNDER THE IBC FOR HOMEBUYERS WILL SEND A WRONG MESSAGE
- Posted by Arpit Marwah
- On December 4, 2019
Since last two months, the afore mentioned news is being circulated which has sent shock waves across the nation....
SUPREME COURT ALLOWS FRESH RESOLUTION FOR AMTEK; STAYS ORDER OF NCLT CHANDIGARH
- Posted by Arpit Marwah
- On September 30, 2019
Amtek Auto gets a ray of hope by the recent order of issuance of fresh bids Amtek Auto, an...
Haryana Rera Changes Rules Once Again; Authority to Decide Refund Cases
- Posted by Arpit Marwah
- On September 26, 2019
PARENT ACT The Real Estate (Regulation and Development) Act, 2016 (henceforth denoted as RERA Act, 2016) was enacted in...
Nclat helds that no ‘Resolution Plan’ can be approved discriminating the dissenting ‘Financial Creditor
- Posted by Arpit Marwah
- On September 19, 2019
Forum: NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI Citation: Company Appeal (AT) (Insolvency) No. 745 of 2018 Previous order:...
In exceptional circumstances, if the ‘Corporate Debtor’ is MSME
- Posted by Arpit Marwah
- On September 6, 2019
In exceptional circumstances, if the ‘Corporate Debtor’ is MSME, it is not necessary for the Promoters to compete with...
Supreme Court Upholds IBC Amendments Giving Financial Status To The Home buyers
- Posted by Arpit Marwah
- On August 19, 2019
Big victory for the home buyers as the Top Court on Friday upheld the Government’s amendment in IBC whereby...
NCLAT: Financial Service Provider Do not Come Within The Meaning of Corporate Person/Corporate Debtor
- Posted by Arpit Marwah
- On August 7, 2019
NCLAT rejected HDFC’S Insolvency Plea against RHC Holding; holds that RHC is a non-banking financial institution who is carrying...
COMPENSATION IN A CHEQUE BOUNCE CASE UNDER SECTION 143A & 148 OF THE NEGOTIABLE INSTRUMENT ACT
- Posted by Arpit Marwah
- On July 29, 2019
Section 143-A of the Negotiable Act empowers any court while trying an offence for dishonor of a cheque to...
