by admin | Jan 21, 2025 | Updates
Introduction The Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) is designed to ensure a fair and transparent resolution of corporate insolvency while maximizing value for stakeholders. The case of SREI Equipment Finance...
by admin | Jan 21, 2025 | Updates
Introduction: The Insolvency and Bankruptcy Code, 2016 (IBC), mandates a comprehensive resolution process addressing the financial distress of the corporate debtor as a whole, rather than isolating individual projects. Confining insolvency proceedings to a single...
by admin | Jan 21, 2025 | Updates
Introduction: Under the Income Tax Act, the legal representatives of a deceased taxpayer may be held liable for the deceased’s tax obligations, including those arising from reassessment proceedings. Section 159 of the Act allows such proceedings to continue...
by admin | Jan 21, 2025 | Updates
Introduction Pre-CIRP obligations refer to liabilities incurred before the commencement of the Corporate Insolvency Resolution Process (CIRP), such as unpaid electricity dues, taxes, and lease rentals. These liabilities are addressed under the Insolvency and...
by admin | Jan 21, 2025 | Updates
Introduction Arbitration has become a preferred method for resolving disputes, particularly in business and partnership agreements. In the present case, it is titled Prikshit Wadhwa and Ors. v. Vinod K. Wadhwa explored the legal issues surrounding the invocation of...
by admin | Jan 21, 2025 | Updates
Introduction: Delay condonation is the court’s discretionary power to allow the filing of an appeal or document after the deadline has passed. For a delay to be condoned, the applicant must provide a convincing, reasonable, and plausible explanation, such as...
