Steps that can be initiated by corporate creditors against their debtors in case of default and when the debtor refuses to accept the notice and come to a settlement.
RERA: Refund of the Booking amount by the builder
The Maharashtra RERA in its ruling shed some light on the refund of booking amount as in its order the authority directed the developer to give back the booking amount.
Financial Sector Reforms in India
The IBBI and the adjudicating authority are set to play a major role towards the implementation of the new insolvency regime which undoubtedly acts as a catalyst of change and ensures ease of doing business in India.
Fast Track Corporate Insolvency Resolution Process
In this article we will discuss about the fast track method of filing an application under corporate insolvency resolution process.
Gemini’s bankruptcy petition stands rejected before NCLT
The National Company Law Tribunal has dismissed an insolvency application filed by Gemini Innovations, raising doubts over the “unnatural” facts listed by the company in its filing
EPFO allowed offline claim withdrawal of more than Rs 10 Lakhs
Employees’ Provident Fund Organization (EPFO) has change the rules already fixed for claim withdrawal, giving great relief to its 5 crore shareholders
GST E-way Bill- Ten Points to Know
The GST e-way bill framework for the movement of commodities between states was actualized on April 1, 2018
Provisions for issuing Credit Note under GST
Under GST Supplier has to issue credit note to the recipient of goods or services,
Slow growth in Real Estate Sector even after the implementation of RERA
The growth of Real Estate Sector, Implementation pf RERA, Slow growth in Real Estate Sector after the RERA implementation.
How to deal with Defective Return Notice under section 139(9) of Income Tax Act
A defective return notice is generally sent to the assessee if he fails to furnish some necessary information.
Application for initiation of corporate insolvency resolution process by operational creditor (section 9)
In this article we have discussed about how an Operational creditor can file an application for initiation of Corporate Insolvency Process against it debtors.
How to apply for DOT- OSP Registration in India
OSP stands for “other service providers” license registration. To acquire a OSP Registration in India, it is mandatory for the entity to be a Private Limited Company.
Provisions of IBC to be rechecked said Uday Kotak
The Government needs to re-look certain provisions of the Insolvency and Bankruptcy Code (IBC) as a situation might emerge where there is only one buyer for a stressed asset
Corporate Insolvency Resolution Process (IRP)
The scheme as provided under the Code stipulates a mechanism wherein the Insolvency Resolution Process is reckoned upon any default upon non-payment of debt due.
Insolvency Resolution by Operational Creditor (Section 8)
An operational creditor as defined under s 5(20) of the Insolvency and Bankruptcy Code as a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred
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