Citation – AIR 2024 SC 1227 Court – Supreme Court Decided on – 12th February, 2024 Bench – Dr. D.Y. Chandrachud, C.J.I., J.B. Pardiwala, and Manoj Misra, JJ. INTRODUCTION In a recent landmark decision, the Supreme Court addressed a significant issue under the Insolvency and Bankruptcy Code, 2016 (IBC). The Court established that the National […]
Concept An overwhelmingly large proportion of initial public offerings (IPOs) report lock-up provisions that prohibit existing stockholders from selling their shares within a specified period after the offering date. These lock-up periods may last as long as 180 days. Because influential buyers request the lock-up, we conjecture that the length conveys credible information pertinent to […]
Concept of recession-proof Firms plan to be resistant to downturns and remain stable during extreme financial times. To do this, they utilize a few procedures. In the first place, they enhance their items or administration so they’re not excessively subject to one area of business. This implies assuming one piece of their business dials back, […]
INTRODUCTION Many creditors, whether operational or financial, may file an application for initiation of the corporate insolvency resolution process before the adjudicating authority, which is NCLT. The Insolvency and Bankruptcy Code, 2016. Thus, it became of utmost importance to introduce the withdrawal process as well to strengthen the objective of the Code. Through a landmark […]
INTRODUCTION As a result of the National Company Law Appellate Tribunal’s decision to establish a “Joint Corporate Insolvency Resolution Process” under the Insolvency and Bankruptcy Code (IBC), Jet Airways became the first Indian company to experience cross-border insolvency in 2019. This marked a significant milestone for the nation’s developing insolvency law. The pivotal issue concerns the […]
Introduction Taking money from the allottees of the real estate project is a common phenomenon. Further, this money is used by the developers for construction purposes. This is a true fact that sometimes developers take money from the allottees but do not fulfil the promise at their end. One option that can be availed of […]
ABSTRACT Usually disputes between the parties take too much time to settle. With loss of time the parties also suffer loss of finance occurred due to complex and long-stretched battle between the parties. Without a doubt it can be said that court proceedings are lengthy and complex and generally settle the disputes taking lots of […]
INTRODUCTION It’s very common to hear the news about companies, industries, or firms going bankrupt. The companies go bankrupt for various reasons, like poor decision-making, non-repayment of debt, increased competition, disputes with creditors or other members of the company, etc. These businesses not only severely damage themselves, but they also affect a large number of […]
The pandemic and economic downturn have affected companies initiating insolvency proceedings under the India Bankruptcy Code (IBC) in various ways: • Increase in Insolvency Cases: Companies are struggling to meet their financial obligations, leading to corporate insolvency. It refers to a situation where a company is unable to meet its financial obligations. • Operational Challenges: […]