About 1453 results

NISHANT
NISHANT MEHROTRA 30 Oct 2019

Law on maintainability of Compromise and Arrangement application by Promoter during pendency of Liquidation under IBC clarified by NCLAT
NCLAT :: An application under Section 230 to 232 of the Companies Act, 2013, for Compromise and Arrangement with creditors is maintainable during the pendency of the liquidation proceedings under the Insolvency and Bankruptcy Code, 2016.However, the Promoters who are…

NISHANT
NISHANT MEHROTRA 24 Oct 2019

The essence of section 241/242 would be defeated if during the pendency of the petition, the operational or financial creditors are allowed to initiate the corporate insolvency resolution process itself.
NCLAT :: Companies Act, 2013 - Sections 241 and 242 - Tribunal/Appellate Tribunal - Jurisdiction to interfere with Board's decision - The essence of section 241/242 would be defeated if during the pendency of the petition, the operational or financial…

Anuj
Anuj Malhotra 23 Oct 2019

Resolution under IBC: Banks may get pre-NCLT window
Banks will likely have window to scout for prospective buyers of stressed assets for their expeditious resolution even before the bankruptcy process is initiated. This facility is set to be in place as part of a host of amendments being…

NISHANT
NISHANT MEHROTRA 21 Oct 2019

Where corporate debtor has allowed the operational creditor to execute the work though there was delay in execution, in the absence of any pre-existing dispute, admission of application under section 9 IBC cannot be denied
NCLAT :: Insolvency and Bankruptcy Code, 2016- section 5(6) read with sections 8 and 9 - Dispute - Where corporate debtor has allowed the operational creditor to execute the work though there was delay in execution, in the absence of…

NISHANT
NISHANT MEHROTRA 21 Oct 2019

Where corporate debtor has allowed the operational creditor to execute the work though there was delay in execution, in the absence of any pre-existing dispute or pendency of suit or arbitration proceedings such delay in execution cannot be noticed to deny admission of application under section 9 IBC
NCLAT :: Insolvency and Bankruptcy Code, 2016- section 5(6) read with sections 8 and 9 - Dispute - Where corporate debtor has allowed the operational creditor to execute the work though there was delay in execution, in the absence of…

NISHANT
NISHANT MEHROTRA 21 Oct 2019

Election dispute in a company involving voting under rule 20 of the Companies Management and Administration Rules would not lie before the Civil Court but only before the NCLT
Madras High Court :: Companies Act, 2013 – Sections 241 and 242 read with sections 420 to 430 and with rule 20 of Companies (Management and Administration) Rules, 2014 – Interpretation of statutes – Scope and jurisdiction of National Company…

NISHANT
NISHANT MEHROTRA 20 Oct 2019

In a case for oppression and mismanagement, the paramount consideration of the Tribunal is to keep in view as to what is in the interest of the company, the interest of the parties being subservient to interest of company
NCLAT :: Companies Act, 2013 - Sections 241 and 242 - Order that can be passed in - Oppression/Mismanagement - Petition for relief against -Where NCLT was not articulate in directing the petitioners to sell their entire shareholding held in…

Anuj
Anuj Malhotra 18 Oct 2019

Apple iTunes Can Request Personal Info with Credit Card Payment
The California Supreme Court ruled on February 4, 2013 that the provisions of the Song-Beverly Credit Card Act, which prohibits the collection of "personal identification information" as a condition of credit card payment, does not apply to online retailers selling…

Anuj
Anuj Malhotra 16 Oct 2019

Without encryption, we will lose all privacy. This is our new battleground  . By:Edward Snowden
 In every country of the world, the security of computers keeps the lights on, the shelves stocked, the dams closed, and transportation running. For more than half a decade, the vulnerability of our computers and computer networks has been ranked the…

NISHANT
NISHANT MEHROTRA 14 Oct 2019

When can a Corporate Debtor, against whom morotorium under IBC was passed, file suit or legal proceedings for recovery of money.
NCLAT - When can a Corporate Debtor, against whom morotorium under IBC was passed, file suit or legal proceedings for recovery of money.Held :: From clause (d) of Section 11, it is clear that a ‘Corporate Debtor’ in respect of…
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