IBC and Vol. Winding up

Payment made by a creditor as an upfront contribution for purchase of paint equipment and for promotional activities, provided as collateral security, constitutes a Financial Debt u/s 5(8)(f) of IBC and not an Operational Debt

In the matter of Mr. Dhruv Harjai – Appellant vs M/s PPG Asian…

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Admissibility of a Loan in IBC in Case of Violation of 186 of Companies Act 2013

Introduction The provisions of section 186 of the Companies Act, 2013 (Act) states that a Company…

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Pre-packed Insolvency Resolution process for MSME – A boon in disguise during Pandemic?

Introduction: The President of India has promulgated Insolvency and Bankruptcy Code (Amendment) Ordinance,…

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Bharat Aluminium Co Limited (Appellant) Vs. Mr. Sumit Bansal – Interim Resolution Professional (IRP) of J.P. Engineers Pvt Ltd (Respondent) – in the order dated 26 Feb, 2021 passed by the National Company Law Appellate Tribunal, (NCLAT) New Delhi

Facts of the Case An application under section 9 of the Insolvency and…

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Sanuj Bathla &; Anr.. (Petitioners) V. Manu Maheshwari &; Anr.. (Respondents) in the order dated 12 April 2021 passed by Delhi High Court

Facts of the case: Manu Maheshwari (Respondent) had given a loan of Rs.…

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