Web15 Feb 2024 · The Supreme Court in Phoenix Arc Private Limited v. Spade Financial Services Limited, recently decided an interesting and pertinent issue under the Insolvency & Bankruptcy Code, 2016 (IBC).The issue was related to the interpretation of Section 21 of the Code, which provides for constitution of the Committee of Creditors (CoC). Web14 Feb 2024 · Section 9 of the Arbitration Act 1996 concerns the stay of legal proceedings. Section 9 (4) provides, “the court shall grant a stay unless satisfied that the arbitration agreement is null and void, inoperative, or incapable of being performed” (emphasis added). Therefore, unless the court finds that an arbitration agreement is “null and ...
The Constitutionality of Section 21 of the Insolvency Act 24 of …
WebAmendments to Insolvency Act 2006: 41: Section 3 amended (Interpretation) 42: Section 6 amended (Corporations and other entities not subject to Act) 43: Section 8 amended (Alternatives to bankruptcy) 44: Section 41 amended (Order that disposition or proposal not act of bankruptcy) 45: Section 67 amended (Bankrupt must file statement of affairs ... Webunder section 123(1)(a) of the Insolvency Act 1986 [*] under section 222(1)(a) of the Insolvency Act 1986 [*] *[Delete whichever is not applicable] Warning. This is an . important . document. This demand must be dealt with . within 21 days. after its service upon the company or a winding-up order could be made in respect of the company. thai restaurants in buckhead
Section 21 of Insolvency & Bankruptcy Code: Supreme Court …
Web1 Jul 2024 · Section 21: Committee of creditors. *21. (1) The interim resolution professional shall after collation of all claims received against the corporate debtor and determination … Web10 Apr 2024 · The NCLT favoured the lender noting that Section 238 of the Insolvency & Bankruptcy Code takes precedence over the Arbitration and Conciliation Act of 1996. According to the latest data from the Insolvency & Bankruptcy Board of India (IBBI), 6,199 companies were admitted under the Corporate Insolvency Resolution Process (CIRP) as … Web2 days ago · The government is planning to introduce bills to amend the companies and insolvency laws during the monsoon session of Parliament, a senior official said on Thursday. The session is likely to commence in late July or August. The corporate affairs ministry is implementing the Companies Act and the Insolvency and Bankruptcy Code (IBC). synonyme contextualiser