Section 64 of Insolvency and Bankruptcy Code 2016 [ Note : Section 64 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Expeditious disposal of applications. 64. (1) Where an application is not disposed of or an order is not passed within the period specified in this Code, the… Read More »
Section 63 of Insolvency and Bankruptcy Code 2016 [ Note : Section 63 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Civil court not to have jurisdiction. 63. No civil court or authority shall have jurisdiction to entertain any suit or proceedings in respect of any matter on… Read More »
Section 62 of Insolvency and Bankruptcy Code 2016 [ Note : Section 62 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Appeal to Supreme Court. 62. (1) Any person aggrieved by an order of the National Company Law Appellate Tribunal may file an appeal to the Supreme Court… Read More »
Section 61 of Insolvency and Bankruptcy Code 2016 [ Note : Section 61 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Appeals and Appellate Authority. 61. (1) Notwithstanding anything to the contrary contained under the Companies Act, 2013 (36 of 1963), any person aggrieved by the order of… Read More »
Section 60 of Insolvency and Bankruptcy Code 2016 [ Note : Section 60 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. CHAPTER VI ADJUDICATING AUTHORITY FOR CORPORATE PERSONS Adjudicating Authority for corporate persons. 60. (1) The Adjudicating Authority, in relation to insolvency resolution and liquidation for corporate persons… Read More »
Section 32 of Insolvency and Bankruptcy Code 2016 [ Note : Section 32 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Appeal. 32. Any appeal from an order approving the resolution plan shall be in the manner and on the grounds laid down in sub-section (3) of section… Read More »
Section 31 of Insolvency and Bankruptcy Code 2016 [ Note : Section 31 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Approval of resolution plan. 31. (1) If the Adjudicating Authority is satisfied that the resolution plan as approved by the committee of creditors under sub-section (4) of… Read More »
Section 30 of Insolvency and Bankruptcy Code 2016 [ Note : Section 30 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Submission of resolution plan. 30. (1) A resolution applicant may submit a resolution plan to the resolution professional prepared on the basis of the information memorandum. (2)… Read More »
Section 29 of Insolvency and Bankruptcy Code 2016 [ Note : Section 29 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Preparation of information memorandum. 29. (1) The resolution professional shall prepare an information memorandum in such form and manner containing such relevant information as may be specified… Read More »
Section 28 of Insolvency and Bankruptcy Code 2016 [ Note : Section 28 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Approval of committee of creditors for certain actions. 28. (1) Notwithstanding anything contained in any other law for the time being in force, the resolution professional, during… Read More »