This article deals with the differences that have been brought along with the changes in positions of creditors under the Insolvency and Bankruptcy Code. It gives an in-depth analysis of the process and the discussions that surround this issue while looking into judgements and the after-effects brought in by this change.
Application No. 1244 Of 1950 In Original Petition No. 429 Of 1948 | 12-12-1950
Introduction The concept of contract of guarantee revolves around the principle that a Personal guarantor shall perform the promise or discharge the liability of the principal debtor towards a creditor, in the event, such principal debtor has failed to perform
Introduction The present case[1] demonstrates a defrauding activity of the Company Directors and the Ultra vires activity by the Registrar and other authorities of the BIFR, which was held to be non-est by Bombay High Court. Background Sick Industrial Companies
Facts Appellant (Jindal Steel and Power Limited), an unsecured creditor of Gujarat NRE Coke Limited (Corporate Debtor), preferred this[1] Appeal under Section 421 of the Companies Act, 2013 Act)[2] against order dated 15th May, 2018 passed by National Company Law Tribunal, Kolkata. By the impugned order,
Introduction: In case of State Bank of India v. Mr. V. Ramakrishnan and Others (decided on August 14, 2018), the Hon’ble Supreme Court resolved the issue relating to applicability of moratorium passed under Section 14 of the Insolvency and Bankruptcy
