Tag: CIRP
September 29, 2021
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Analysing the 2021 IBBI Discussion Paper on Code of Con...
On August 27, 2021, the Insolvency and Bankruptcy Board of India (“IBBI”), created under the 2016 insolvency law, released a discussion paper (“IBBI Discussion Paper”) on the corporate insolvency resolution process, and sought comments on its recommendations. One of IBBI's concerns that it expressed through the IBBI Discussion Paper is that while other components of the insolvency and bankruptcy ecosystem. ......
June 23, 2021
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
THE MCA PROPOSES TO TAKE THE FLASH OUT OF FLASH SALES
The Ministry of Consumer Affairs (MCA) on June 21, 2021, suggested amendments to the Consumer Protection (E-commerce) Rules, 2020 (“E-Commerce Rules”), with the aim of tightening the functioning of large online marketplaces. ......
February 24, 2021
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
The Supreme Court Blackballed Ex-related Parties from t...
The Supreme Court, recently, in the case of Phoenix Arc Private Limited v. Spade Financial Services Limited, held that the intent of Sec. 21 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) will be defeated if related parties are just determined “in presaenti” i.e., on the present basis. ......