Liability Of The Corporate Debtor And Resolution Applicant For Offences Committed Prior To The Corporate Insolvency Resolution Process
Read MoreThe Union Cabinet, on December 24,2019 approved the proposal to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (Ordinance) to amend the Insolvency and Bankruptcy Code, 2016 (Code). Introduced to further ease of doing business in India, the Ordinance seeks to clarify various issues and streamline the insolvency resolution process. One of the significant changes pertains to the insertion of Section 32A to the Code (Section 32A), by way of which successful resolution applicants will be ring-fenced from the threat of criminal proceedings for offences committed by the former promoters of the corporate debtor.
Read MoreThe Union Cabinet, on December 24,2019 approved the proposal to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (Ordinance) to amend the Insolvency and Bankruptcy Code, 2016 (Code). Introduced to further ease of doing business in India, the Ordinance seeks to clarify various issues and streamline the insolvency resolution process. One of the significant changes pertains to the insertion of Section 32A to the Code (Section 32A), by way of which successful resolution applicants will be ring-fenced from the threat of criminal proceedings for offences committed by the former promoters of the corporate debtor.
Read MoreThe Supreme Court by a significant judgment on 10 April 2019, clarified that the power of the court to impound an unstamped document containing an arbitration clause, at the stage of appointment of an arbitrator, remains unchanged with the introduction of Section 11 (6A) of the Arbitration and Conciliation Act ("Act").
Read MoreThe landmark judgments of the year 2019 as ruled by the Supreme Court in the Arbitration matters.
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