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ERGO Analysing Development Impacting Business: Limited Judicial Review by NCLT and NCLAT During Liquidation Proceedings: Supreme Court

Introduction

India, Insolvency & Restructuring, Litigation, Khaitan & Co, Insolvency, National Company Law Tribunal
Ergo Analysing Developments Impacting Business: Moratorium Prohibits Recovery Proceedings of Customs Duty Against Corporate Debtor: Supreme Court

INTRODUCTION

India, Insolvency & Restructuring, Litigation, Khaitan & Co, Bankruptcy, Insolvency, Insolvency and Bankruptcy Code (India), Supreme Court of India
ERGO Analysing Developments Impacting Business: Allottees in Real Estate Projects cannot be Coerced into Settlements by NCLT: Supreme Court

INTRODUCTION

India, Insolvency & Restructuring, Litigation, Real Estate, Khaitan & Co, Corporate Insolvency and Governance Act 2020, Supreme Court of India
UK Corporate Insolvency and Governance Bill: A Creditor’s Perspective

In an effort to alleviate the impact of COVID-19 on UK businesses and encourage the supply of essential goods and services during the pandemic, the UK Government announced plans earlier this year to temporarily suspend wrongful trading laws and to fast track proposed permanent reforms to the existing insolvency regime (these reforms were developed in 2016 and consulted on in 2018).

United Kingdom, Insolvency & Restructuring, Projects & Procurement, King & Wood Mallesons, Due diligence, Coronavirus, UK House of Commons
Supreme Court Reinforces Timelines Under RDB Act

INTRODUCTION 

The Supreme Court has recently in its judgment dated 21 January 2020, in the case of Standard Chartered Bank v MSTC Limited [SLP (C) No 20093 of 2019], provided clarity on the interplay between the provisions of Recovery of Debts and Bankruptcy Act 1993 (RDB Act) and Limitation Act 1963 (Limitation Act). Supreme Court has in doing so refused to condone a delay of 28 days in filing of a review application by the government borrower entity against a decree in favour of the bank.  

BRIEF BACKGROUND: 

India, Insolvency & Restructuring, Litigation, Khaitan & Co, Supreme Court of India