Recovery of Money through Insolvency Laws
If any company is not making the payment as per agreed terms, then an insolvency petition may be filed u/s 7 or 9 based upon the facts, before NCLT to initiate the insolvency proceedings.
If any company is not making the payment as per agreed terms, then an insolvency petition may be filed u/s 7 or 9 based upon the facts, before NCLT to initiate the insolvency proceedings.
The IBC has clearly outlined the powers and duties of the resolution professional that he can exercise during the insolvency resolution process
Liquidation of Corporate Persons can also be considered as an effective method of recovering bad dues. Lately Insolvency Code has taken a trend in the business sector.
In this article we have discussed about liquidation, its initiation, contents and when Adjudicating Authorities can pass an order for it.
This article is about the further actions to be taken by the Operational creditor after serving a demand notice on Operational debtor.
Demand notice means a notice served by an operational creditor to the corporate debtor demanding repayment of the operational debt in respect of which the default has occurred.
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.
In this article we will discuss about the fast track method of filing an application under corporate insolvency resolution process.
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 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.
To initiate recovery procedure one can approach the National Company Law Tribunal which exercises the power to dispose cases under Insolvency Code.
Here we will briefly discuss about the sound financial status of a Company and how it can have a positive impact on framing Debt Recovery policies.
An Article about the second step for presales i.e to find out the size of the business and how it is beneficial for framing a policy on Debt recovery management.
A detailed article where we discuss about the status of a company and how it can influence in framing debt recovery policies.
The first step for presales i.e to find out the net worth of the company and how it is beneficial for framing a policy on Debt recovery management.