financial creditors

Reverse Corporate Insolvency Resolution Procedure [Reverse CIRP]: A Novel Experiment Conducted By The NCLAT

The Insolvency and Bankruptcy Code, as mentioned in the objects and reasons, was enacted to provide effective resolution procedure for timely resolution of debtors, and to maximise the value of the debtor’s assets. To pursue these objects, it provides...

NCLAT: Is following the Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code a viable option when the defaulter is an Infrastructure and Real...

This question was addressed by the National Company Law Appellate Tribunal (NCLAT) in the case of in Flat Buyers Association v. Umang Realtech Pvt. Ltd. The case was concerned between the Flat Buyers Association of the Umang Realtech Pvt. Ltd.’s...

Are Home Buyers Financial Creditors? Supreme Court rules in favour of Jaypee Infra Home Buyers

The Supreme Court in the case of Chitra Sharma v. Union Of India decided on 6 November 2019 that the home buyers shall be included in the list of financial creditors. Also, as a matter of fact, after the amendment...

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Digital Personal Data Protection Bill, 2022: Aim to Strike the Right Chords

Data is one of the most valuable assets in the evolving digital ecosystem. The importance of data and privacy...