resolution plan

Supreme Court closes doors for withdrawal or modification of Resolution Plans after acceptance by Committee of Creditors

The Supreme Court of India, on 13.09.2021, delivered a landmark judgment which has settled the issue of whether withdrawal or modification of the Resolution Plan by the Resolution Applicant, after acceptance by the Committee of Creditors (“CoC”) but before approval of the Adjudicating Authority/NCLT, is permissible or not. The bench  […]
Read More

Omission of Regulation 26(2): A double-edged sword

This piece takes a look at Regulation 26(2) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 hereinafter referred to as ‘the Regulations’. Pre-amendment, sub-regulation 2 of Regulation 26 read as follows:- “(2) Once a vote on a resolution is cast by a […]
Read More

Resolution plan under IBC: An albatross around the resolution applicant’s neck

The Insolvency and Bankruptcy Code, 2016 (“the Code”) aims to resolve the woes of stressed businesses (“Corporate Debtors”) by putting them through a corporate insolvency resolution process (“CIRP”) and transferring them as ‘going concerns’ to persons/entities (“Resolution Applicants”) willing to take over their management and assets, and service their debts. The […]
Read More
office@gnslegal.in Drop Us a Message
+91 11 4986 8147, 4986 8149 Call Us
J-29, First Floor, Jangpura Extension, Near EROS One, New Delhi - 110014 Locate Us
Copyright 2020 GnS Legal, All rights reserved.Developed by Binobe


DISCLAIMER

As per the rules of the Bar Council of India, we are not permitted to solicit work and advertise. By clicking on the "I agree" below, the user acknowledges the following:

  • there has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;
  • the user wishes to gain more information about us for his/her own information and use;
  • the information about us is provided to the user only on his/her specific request and any information obtained or materials downloaded from this website is completely at the user’s volition and any transmission, receipt or use of this site would not create any lawyer-client relationship.

The information provided under this website is solely available at your request for informational purposes only, should not be interpreted as soliciting or advertisement. We are not liable for any consequence of any action taken by the user relying on material / information provided under this website. In cases where the user has any legal issues, he/she in all cases must seek independent legal advice.