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  • Workmen dues under the Employees Provident Fund Act and the Insolvency Code   

    Workmen dues under the Employees Provident Fund Act and the Insolvency Code  

    Section 53 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) provides for the order of priority in which the proceeds from the sale of liquidation assets is to be distributed. The Section includes workmen due and the amounts payable to

    Sharda Balaji
    By Sharda Balaji over 3 years ago
  • "APPOINTED DATE" IN CASE OF MERGER AND AMALGAMATION

    "APPOINTED DATE" IN CASE OF MERGER AND AMALGAMATION

    The Ministry of Corporate Affairs (the MCA) vide its notification dated 21 August 2019, has provided a clarification with respect to interpretation of section 232(6) of the Companies Act (Act). Section 232(6) of the Act states that the scheme under

  • National Company Law Tribunal (NCLT) Merger/Amalgamation : Steps to think through and how to go about it.

    National Company Law Tribunal (NCLT) Merger/Amalgamation : Steps to think through and how to go about it.

    Click through the link below to access the article: National Company Law Tribunal Merger/Amalgamation : Steps to think through and how to go about it. Through a notification dated December 7th, 2016 Ministry of Corporate Affairs has notified various provisions

    Sharda Balaji
    By Sharda Balaji over 5 years ago
  • Withdrawal Application after Initiation of Corporate Insolvency Proceedings  under the IBC

    Withdrawal Application after Initiation of Corporate Insolvency Proceedings under the IBC

    Introduction In case of any disputes between the parties, there are probabilities that parties might compromise and settle the matter during the pendency of the case before the Court.  In this blog, we analyse the situation where the application has

    SH
    By Shivani Handa over 5 years ago
  • Are Assured Returns or Damages in instances of Breach a “Financial Debt” under Insolvency & Bankruptcy Code 2016?

    Are Assured Returns or Damages in instances of Breach a “Financial Debt” under Insolvency & Bankruptcy Code 2016?

    Under the Insolvency and Bankruptcy Code, 2016 (the Code), a financial creditor can initiate a Corporate Insolvency Resolution Process (CIRP) by filing an application before the jurisdictional National Company Law Tribunal (the NCLT) upon the occurrence of a default in

    Sharda Balaji
    By Sharda Balaji over 5 years ago
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