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
In this article we have discussed about how an Operational creditor can file an application for initiation of Corporate Insolvency Process against it debtors.
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
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.
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
The buyers in Gurugram are not happy with the Haryana RERA Authority as the result might not be in their favour. Buyers have filed a Writ Petition in Punjab & Haryana High Court as they want judicial remedies.
Haryana RERA has notified revised RERA regulations and revised form REP -1 for project registration for Haryana which differ from the original form and requirement. Here is the summary
The acts will be in force, one way or the other they may source issue in the smooth working of each other. This probably one of the reasons for which MahaRERA Chairman has suggested to replace MOFA with some other act.
In this article, we trying to focus on the eligibility criteria for an auditor and the roles and responsibilities that one can keep in mind while appointing an auditor.
There are several small players who think setting up LPO is a great deal of business which certainly is but clueless of the fact as to what is required in LPO to succeed.