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...

Latest News

Kerala HC: First Examine Whether the Course Adopted by the Corporation Is Correct and Then Implement Remedial Measures so Prescribed

The petitioner had prayed in the writ petition for a direction to the Corporation and its officials to ensure that the restoration work of the road was continued and completed only after having removed the existing bituminous road surface and to ensure that the level of the existing road was not increased by the restoration work.

Kerala HC: FIR in Case of Corruption Needs To Be Registered Only After Preliminary Enquiry

On the 8th day of June 2021, the Honorable High Court of Kerala heard and decided a Civil Writ Petition matter filed seeking Writ of Mandamus against the police authorities to register the First Information Report and conduct the investigation.

Kerala HC: Court Cannot Verify Genuineness of Allegations u/s 482 of CrPC

On the 8th Day of June 2021, the Honourable Kerala High Court heard and decided a Criminal Miscellaneous Petition (Cr. M.C) under section 482 of the Criminal Procedure Code, 1973 (Cr. P.C).

Kerala HC: Environmental Clearance Is Required for Expansion of Pre-Existing Projects

The petition was filed challenging the validity of Environmental Impact Assessment, 2006 rules on the buildings whose construction was started before the issue of rules.

Kerala HC: Panchayat’s Permission to Set Up Industrial Units Exempted if Power Is Less Than 5

On the 11th day of June 2021, the Honourable High Court of Kerala disposed of a Civil Writ Petition in which the Petitioner had sought a prohibitory order of performing unauthorized furniture manufacturing adjacent to the residential area.