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Cash Payments to Operational Creditors: Ensuring Fairness in Resolution – The NCLAT’s Stance
Introduction The NCLAT’s judgment dated 01.04.2024 in the case of *Gupta Textiles Vs. Darshan Patel and Ors.* presents a pivotal moment in the interpretation of the Insolvenc
Unsecured Creditors Empowered: Rights and Remedies Under the Insolvency & Bankruptcy Code
Introduction Within the complex realm of business transactions, unsecured creditors frequently encounter a dangerous predicament when a debtor declares insolvency. This predicament
Section 30(2)(b) – NCLT’s Interpretation: Implications for Operational and Dissenting Financial Creditors
Introduction The National Company Law Tribunal (NCLT), Kolkata Bench, recently made a crucial decision regarding the payment to Operational Creditors and Dissenting Financial Credi
Financial and Operational Creditors under the Insolvency and Bankruptcy Code, 2016 (IBC)
Introduction The Insolvency and Bankruptcy Code, 2016 represents a watershed moment in Indian commercial legislation, fundamentally transforming how insolvency and bankruptcy pr
Demand Notice under IBC, 2016: A Comprehensive Legal Analysis
Introduction The Insolvency and Bankruptcy Code, 2016 represents a landmark consolidation of India’s insolvency laws, establishing a unified framework for time-bound resoluti
Financial and Operational Creditors Under the Insolvency and Bankruptcy Code 2016: Legal Framework, Distinctions, and Judicial Interpretations
Introduction The Insolvency and Bankruptcy Code, 2016 [1] represents a watershed moment in India’s corporate restructuring and insolvency landscape. This landmark legislation
Understanding the Corporate Insolvency Resolution Process under the IBC, 2016
Introduction to Corporate Insolvency Resolution Process in India The landscape of corporate insolvency resolution process in India underwent a paradigmatic transformation with the
