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Misuse of Insolvency and Bankruptcy Code by loan defaulters has tendency to badly impact economy: HC
Bombay HC warns misuse of Insolvency and Bankruptcy Code by loan defaulters harms secured creditors and the economy.
Chapter 15 of the U.S. Bankruptcy Code, designed to provide an efficient, coordinated framework for handling cross-border insolvency cases, is a ...
The Bombay High Court has criticized loan defaulters for abusing the Insolvency and Bankruptcy Code (IBC) to halt creditor actions, harming the economy. Judge noted the tactic undermines the IBC's ...
The court said such tactics frustrate the very objective of the insolvency law and obstruct legitimate action by secured ...
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NCLT permits withdrawal of insolvency against ATS Heights developer
The NCLT has permitted the withdrawal of insolvency proceedings against ATS Heights, developer of the ATS Knightsbridge project, after the parties reached a settlement. The developer now regains ...
The Court held that insolvency proceedings cannot be invoked after completion of SARFAESI auction to stall recovery. It ...
This article explains how technology, ESG considerations, and digital business models are transforming insolvency practice ...
Mumbai: The National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Indian Bank against personal guarantor Anoop Kumar Wadhera, initiating the insolvency resolution process ...
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