Applicability of Section 18 of the Limitation Act to proceedings under IBC: Need for reconsideration
September 22, 2020 INSOL INDIA EDITORIAL TEAM
In a significant judgment, the Hon’ble Supreme Court recently held that Section 18 of the Limitation Act, 1963, is inapplicable to an application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The Court held that if a financial creditor does not..
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NCLAT set aside the order passed against Mittal Corporation Ltd.
September 18, 2020 EDITORIAL TEAM INSOL INDIA
The Hon'ble NCLAT set aside the order passed by the Adjudicating Authority (NCLT Mumbai Bench) and restored the insolvency petition (Corporate Insolvency Resolution) against Mittal Corporation Ltd.
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Liquidation Under IBC On The Rise
September 15, 2020 EDITORIAL TEAM INSOL India
Insolvency and Bankruptcy Code 2016 (IBC), which came into operation since December 2016, is admittedly one of the landmark economic legislations in India. The Code has paved way for many a resolution and recovery by financial institutions has been over 45%...
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Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2020
August 18, 2020 INSOL India Editorial Team
Securities and Exchange Board of India (“SEBI”) on July 1, 2020, notified amendments to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. A new proviso was inserted after the existing proviso in regulation..
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Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020
August 18, 2020 INSOL India Editorial Team
On July 1, 2020, the Securities and Exchange Board of India (“SEBI”) notified the SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020. By virtue of the same, regulation 164B was inserted to the SEBI (Issue of Capital..
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Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020
August 18, 2020 INSOL India Editorial Team
Securities and Exchange Board of India (“SEBI”) on August 5, 2020, notified amendments to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In regulation 42(1) in sub-regulation(1), the words and symbols “to all the..