Litmus tests passed by IBC continues to create greater Strikes

Unable to close many insolvency cases successfully in 270 days has resulted in passing many Litmus tests by IBC. This has created a symbol of the dark storm and greater…

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Order from NCLT for liquidation of Insolvent Sterling Biotech

The orders of Liquidation of debt-ridden pharmaceutical company Sterling Biotech by National Company Law Tribunal has created hindrance for its Lenders.

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Presentation: A banker’s view on the Insolvency and Bankruptcy Code

The most appropriate way to understand a new policy is to spread awareness, ask questions, practice and learn. In the spirit of awareness, Mr. Deepak Maini, Partner at ASC Insolvency…

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Insol India’s Annual event: ASC’s presence and more

ASC Insolvency Services was part of the recently held INSOL India’s annual conference held on 13-14 November, 2018. ASC was represented by Ms. Anju Agarwal, Director at ASC Group and…

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The status of Financial Creditors with unadmitted claims changes with new amendments

The Insolvency and Bankruptcy Code (Amendment) has yet again resolved a pertinent issue in respect to the threshold limit of the voting shares of financial creditors at a Committee of…

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The deadline for resolution plan cannot be violated: says the Supreme Court

In an attempt to ensure that the proceedings of the Insolvency and Bankruptcy Code function without a glitch, the Supreme Court took strict measures to prevent lengthy proceedings. The Supreme…

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IBC: 50% of lenders’ claims to be met

Since the Insolvency and Bankruptcy law has come into force, there has been a shift towards the positive where creditors facing the perennial problem of bad loans have been given…

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IBC (Amendment) Ordinance to bring positive changes  

The Insolvency and Bankruptcy Code was introduced in an effort to decrease the number of high-profile banking frauds, to establish a uniform insolvency and bankruptcy law as well as to…

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Does the income tax department have rights over immovable property during Liquidation?

In a recent case in Hyderabad concerning the Income Tax Department, it has come out that the department has no right over immovable property and the right falls first to…

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Home buyers are now part of Financial Creditors: the road ahead

In a recent judgment, the Supreme Court has directed new proceedings for the Jaypee Infratech case. Under the Insolvency and Bankruptcy code, all cases need to be resolved under 180…

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