INTRODUCTION
This newsletter covers key updates about developments in the Insolvency Law during the month of September 2021.
We have summarized the key judgments passed by the Supreme Court of India (SC), National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunals (NCLT). Please see below the summary of the relevant regulatory developments.
Introduction
In the recent case of Re Grand Peace Group Holdings Ltd [2021] HKCFI 2361, which concerns the winding-up of a foreign incorporated listed company, the Court of First Instance revisited the 2nd core requirement and considered whether the possibility of the court making an order to compel the directors of the company to execute the documents necessary for the liquidators to take control of the company’s BVI subsidiaries would be sufficient to be considered as a real possibility of benefit to the petitioner.
INTRODUCTION
今回のニュースレターでは、2021 年 7 月の破産倒産法関連の主なアップデートについて取り扱ってい ます。最高裁判所（＝SC）、会社法上訴審判所（＝NCLAT）、会社法審判所（＝NCLT）の各裁判所に おいて下された重要な判決をまとめると共に、2016 年破産倒産法の改正についても触れています。
1) THE LOAN AGREEMENT SHOULD BE IN WRITING BETWEEN THE FINANCIAL CREDITOR AND THE CORPORATE DEBTOR IN TERMS OF INSOLVENCY AND BANKRUPTCY (APPLICATION TO ADJUDICATING AUTHORITY) RULES, 2016
Matter: Pawan Kumar v. Utsav Securities Pvt. Ltd. and Anr.
Order dated: 03 August 2021.
INTRODUCTION
This newsletter covers key updates about developments in the Insolvency Law during the month of August 2021.
We have summarized the key judgments passed by the Supreme Court of India (SC), National Company Law Appellate Tribunal (NCLAT), the National Company Law Tribunals (NCLT) and the amendments in the Insolvency and Bankruptcy Code, 2016 (Code) by the Government of India. Please see below the summary of the relevant regulatory developments.
主に、債権者が直面している不良債権の回収問題を解決するため、2016年破産倒産法は制定されました。 本FAQでは、破産倒産法の概要、関連諸手続き等について扱っています。
1. 破産倒産法が適用されるのはどのような場合ですか？
会社、有限責任事業組合、組合、個人の倒産、清算、任意整理、破産において適用されます。
2. 破産倒産法の目的は？
財務的困難に陥っている会社の再編成および倒産処理の実施です。
3. 破産倒産法において規定されている制度的枠組みは？
簡介
我們於7月的清盤及重組文章中，介紹了中國最高人民法院（「最高人民法院」）與香港律政司司長於2021年5月14日簽署《最高人民法院與香港特別行政區政府關於內地與香港特別行政區法院相互認可和協助破產程序的會談紀要》（「合作機制」），當中訂明了香港法院與深圳、上海及廈門三個試點地區的中級人民法院相互認可破產的程序和人員安排的具體程序。
Introduction
INTRODUCTION
今回のニュースレターでは、2021 年 7月の破産倒産法関連の主なアップデートについて取り扱っていま す。最高裁判所（＝SC）、会社法上訴審判所（＝NCLAT）、会社法審判所（＝NCLT）の各裁判所におい て下された重要な判決についてまとめました。
1) DEMAND NOTICE ISSUED BY OPERATIONAL CREDITOR BASED ON INVOICES CAN BE ISSUED IN FORM-3 INSTEAD OF FORM-4.
Matter: Tudor India Pvt. Ltd. v. Servotech Power Systems Ltd.
Order dated: 02 July 2021.
Summary:
This newsletter covers key updates about developments in the Insolvency Law during the month of July 2021.
We have summarized the key judgments passed by the Supreme Court of India (SC), National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunals (NCLT). Please see below the summary of the relevant regulatory developments.
1) DEMAND NOTICE ISSUED BY OPERATIONAL CREDITOR BASED ON INVOICES CAN BE ISSUED IN FORM-3 INSTEAD OF FORM-4.
When the Petitioner issued the petition to wind up the Company on 12 January 2021, the Company was already subject to another winding up petition in HCCW 410/2019 and the Petitioner was aware of the first petition. The Court reiterated that a creditor should not issue a petition if a petition has already been issued against the relevant debtor company. The Petitioner argued that there are exceptional circumstances, which justified the second petition: Re China Greenfresh Group Co Ltd [2021] HKCFI 36. It was said that the progress of the first petition was dilatory.