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THE AMENDMENT TO THE NEGOTIABLE INSTRUMENTS ACT
1881 UNDER SECTION 138 OF THE ACT The Negotiable Instruments (Amendment) Bill, 2017 was introduced in Lok Sabha on January 2, 2018. It seeks to amend the Negotiable Instruments Act, 1881. The Negotiable Instrument Act, 1881, defines promissory notes, bills of...
AMMENDMENT UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016
RELATED TO INSOLVENCY RESOLUTION PROCESS The Ordinance dated 23 November 2017 (the Ordinance), amending the Insolvency and Bankruptcy Code, 2016 (Code) was brought and the Ordinance was sought to be replaced by the Insolvency and Bankruptcy Code (Amendment) Bill, 2017...
THE INSOLVENCY AND BANKRUPTCY CODE, 2016
NCLT FIRST INSOVENCY RESOLUTION SCHEME UNDER INSOLVENCY AND BANKRUPTCY ACT, 2016 The Insolvency and Bankruptcy Code, 2016 seeks to consolidate the existing framework by creating a single law for bankruptcy and insolvency. Pursuant to notification of the provisions...
IBC CODE, 2016 PASSES CONSTITUTIONAL MUSTER
"The defaulter's paradise is lost. In its place, the economy's rightful position has been regained", WP(C)99/2018(SC) Swiss Ribbons pvt Ltd & Anr. UOI & Others Questions to be decided: 1. Classification between financial and operational creditor discriminatory,...
NCLAT ADMITS HUDCO’S PLEA AGAINST VIKRAM BAKSHI OVER UNPAID DUES: HALT MCDONALDS-BAKSHI DEAL
The National Company Law Appellate Tribunal (NCLAT) on 15.05.2019 stayed the McDonalds India Private Limited - Vikram Bakshi out-of-court settlement deal on the ground that the concerned deal cannot be allowed to go ahead until Housing and Development Corporation's...
SAT ORDERED NSE TO CONTINUE TRANSFERRING REVENUE FROM CO-LOCATION IN ESCROW
On 22nd May, 2019, the Securities Appellate Tribunal directed the National Stock Exchange of India Ltd (NSE) to transfer Rs. 625 crore to the Securities and Exchange Board of India (SEBI) within two weeks. The amount is to be transferred to an escrow account as...