Introduction

INTRODUCTION

INTRODUCTION

India has been grappling with an increase in non-performing assets (NPA) and defaults of loans since at least the 1990s. As per recent reports, gross NPAs of public sector banks have doubled in the last 7 (seven) years, 1 which is indicative of the issues being faced by lenders against recalcitrant borrowers.

INTRODUCTION

INTRODUCTION

前记

执行是实现生效裁判文书债权的“最后关键一环”，是维护当事人合法权益的“最后一公里”。囿于执行领域纷繁复杂的法律规定以及各地司法实践的尺度不一，执行往往成为争议解决的重点及难点。我们长期专注于执行领域，代理了大量金融资管公司、上市公司的公证债权文书、诉讼/仲裁的执行案件。为此，基于执行实务经验，我们着眼于当前执行领域的热点难点问题，推出执行干货系列专题文章，敬请关注。

专题二

目前，法院通过网络拍卖平台处置财产已成为处置执行财产的主要方式，相比传统拍卖模式而言网络拍卖的效率可能更高，也更有利于保护债权的实现以及债务人的合法权益。近年来，越来越多的破产财产也同样通过网络拍卖平台高效处置。实践中，竞买人经常因为种种原因事后意图“悔拍”并寻求救济。对此，破产网络拍卖相关纠纷究竟属于何种性质？竞买人应选择什么程序进行救济？拍卖公告是否一律不得修改？本文结合司法实践对前述疑问进行单刀直入地解析。

破产网络拍卖的性质

INTRODUCTION 

On 11 October 2018, the Supreme Court (Court) vide its judgment in B.K. Educational Services Private Limited v Parag Gupta and Associates (Civil Appeal No. 23988 of 2017) clarified the applicability of Limitation Act, 1963 (Limitation Act) to the Insolvency and Bankruptcy Code, 2016 (Code). 

Background

The Supreme Court in its recent decision in K Kishan v M/s Vijay Nirman Company Private Limited, Civil Appeal No 21825 of 2017, has put to rest the question of whether an arbitral award that has been challenged under Section 34 of the Arbitration and Conciliation Act, 1996 (Act) by the award debtor can form the basis for an action under Section 9 of the Insolvency and Bankruptcy Code, 2016 (Code).