Newsletter- JANUARY 2019

Cheque Bounce Complaint Based On Second Notice After Re-Presentation Of Cheque Maintainable: Applying the mandate of MSR Leathers vs. S. Palaniappan and Another 2013 (1) SCC 177, The Supreme Court in (Sicagen India Ltd vs. Mahindra Vadineni) has held that a cheque bounce complaint filed based on the second statutory notice issued after re-presentation of Read more about Newsletter- JANUARY 2019[…]

Newsletter-July 2018

 Hyderabad High Court Suspended an Order of the NCLT On July 16, 2018, in Ramky Infrastructure Ltd. vs Todi Minerals Pvt. Ltd., NCLT (Hyderabad Bench) assented for the initiation of Corporate Insolvency Resolution Process (CIRP) as provided by IBC against Corporate Debtor. The only objection raised on this was on the NCLT’s Jurisdiction to entertain the Read more about Newsletter-July 2018[…]

Newsletter-June 2018

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 Promulgated On June 6, 2018, President assented for promulgation of Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. Highlights of this Ordinance are: Homebuyers are recognised as Financial Creditors. Permission for withdrawal of Insolvency applications to be granted if it’s approved by 90% vote share of Committee of Creditors. Read more about Newsletter-June 2018[…]