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ERGO Analysing Developments Impacting Business: A Three Judge Bench of Supreme Court Upholds the Prevailing View that NCLT has Inherent Powers to Recall an Order Approving a Resolution Plan

Introduction

India, Company & Commercial, Insolvency & Restructuring, Litigation, Khaitan & Co, Coronavirus, Insolvency, National Company Law Tribunal
NCLT Mumbai orders reference to arbitration in an insolvency petition under the IBC

In a significant judgment dated 9 June 2020 titled ‘Indus Biotech Private Limited v.

India, Arbitration & ADR, Insolvency & Restructuring, Litigation, Khaitan & Co, Private equity, Title 11 of the US Code
The enactment of the Insolvency Law, release of the Project Bank website, commencement of foreign shares trading on the YSX, the recent reductions of interest rates by the CBM and the recent amendment of the criteria...

1. Enactment of the Insolvency Law

Myanmar, Banking, Capital Markets, Insolvency & Restructuring, Mori Hamada & Matsumoto, Coronavirus