The Court while considering the facts of the matter ordered that the petitioner is entitled for a status quo on shareholding of the Nayati Healthcare and Research NCR Pvt Ltd and granted 4 (four) weeks’ time to all 16 Respondents to file their Replies.
The Delhi High Court today held that that Banks/Financial Institutions can initiate and continue the proceedings against the guarantor for recovering their dues under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 .
A plea has been filed in the Supreme Court challenging section 3 of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 and Section 7 of the IBC and to set out new conditions for real estate allottees to approach the NCLT as being in violation of Article 14 and 21 of the Constitution.
The Insolvency and Bankruptcy regime of India has evolved steadily since its beginning in 2016, benefitting from the jurisprudential osmosis. This article attempts to study the providence of the workmen of an insolvent employer within the scheme of Code.
The National Company Law Tribunal (NCLT) has given permission to pursue bankruptcy proceedings against Anil Ambani. This order has come against him due to the State Bank of India (SBI) not being able to recover loans of Rs 1,200 crore.
The Supreme Court today asked the Department of Telecommunications to file an affidavit regarding dues to be paid by users of shared spectrum, along with a reply on past dues, dates of grant and transfer of licenses.