August 2018

NCLT dismisses attachment claims for recovery

In a land mark judgement titled as Raman Ispat Vs. PVVNL, NCLT Allahbad Bench has taken positive steps to counter legal impediments to loan recovery proceedings by setting aside property attachment claims of Paschimachal Vidyut Vitran Nigam Ltd./ Operational Creditors for the outstanding dues for… Continue Reading →

Status of Home buyers after New Amendments in IBC Code

The Union Cabinet approved through an Ordinance various amendments to the Insolvency and Bankruptcy Code (IBC), according homebuyers the status of creditors in the insolvency process. In a major welcome change, homebuyers would now be treated as financial creditors or,… Continue Reading →

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