The Supreme Court observed that the Adjudicating Authority and Appellate Authority under Insolvency and Bankruptcy Code, cannot compel a party to the proceedings before it to settle a dispute. Agreeing with the contention of Advocate Srijan Sinha, who appeared for a number of investors, who had moved for bankruptcy proceedings […]
The problem of Non-Performing Assets (NPAs) in the Indian banking system is one of its foremost predicaments. In order to allow lending institutions to recover such NPAs in an expeditious manner, the Indian Government established Debt Recovery Tribunals (DRT) under the Recovery of Debts Due to Banks and Financial Institutions […]
Public Notice: File No. 30/38/2021-Insolvency; Dated: 23.12.2021 The Ministry of Corporate Affairs (MCA) vide. Public notice File No. 30/38/2021-Insolvency dated: 23.12.2021 has sought public comments on proposed changes to the Corporate Insolvency framework. Based on the issues raised by Insolvency Law Committee, significant changes have been proposed to enable a […]
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