Section 60 (5) of the Insolvency and the Bankruptcy Code, 2016, talks about the jurisdiction of NCLT to dispose of the matters related to the insolvency concerning the corporate debtor. However, there are other provisions in the code that appears to contradict the provision given under section 60 (5). This […]
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 […]
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