Post by: Renu Suresh in Insolvency
Voluntary Liquidation of Corporate Persons Voluntary Liquidation of a Company in India is administered under Section 59 of Chapter V of Insolvency and Bankruptcy Code, 2016 and it applies to a corporate person. The voluntary liquidation process applies when the…
Post by: Drishti Saxena in Insolvency
Insolvency & Bankruptcy against Personal Guarantor of Corporate Debtors Insolvency and Bankruptcy forum introduced fresh rules in November 2019 for initiating a proceeding for insolvency against the Personal Guarantor of Corporate Debtor. The Indian Contract Act, 1872, governs laws relating…
Post by: Peter in Insolvency
Insolvency and Bankruptcy Code Second Amendment 2019 Insolvency and Bankruptcy Code, 2016 offers a time-bound procedure for settling insolvency in companies and among individuals. Insolvency and Bankruptcy Code (Second Amendment) Act 2019 has been passed to amend the Insolvency and…
Post by: Arnold Thomas in Government Initiatives Insolvency
Benefits for Homebuyers in IBC Ruling Homebuyers embroiled in disputes over the one lakh plus stalled realty projects in India have, at long last, won some support from the government and the judiciary in their prolonged struggle against developers. On…
Post by: Chris John in Insolvency
IBC Amendments 2019 The Parliament and the President passed the amendments proposed to the Insolvency and Bankruptcy Code (IBC) of 2016 through the introduction of the Insolvency and Bankruptcy (Amendment) Act in 2019. The IBC has been widely considered as…
Post by: Karthiga in Insolvency
Corporate Insolvency Resolution Process Insolvency of corporate persons deals with the insolvency of a corporate bodies like a private limited company or limited company. This section deals with insolvency resolution process of a corporate debtor is known as the corporate insolvency…
Post by: IndiaFilings in Insolvency
How to Become an Insolvency Professional To improve the process for insolvency resolution, the Insolvency and Bankruptcy Board of India was established on October 1, 2016 in accordance with the provisions of The Insolvency and Bankruptcy Code, 2016. The Insolvency and…
