Evolution Of Law Of Corporate Insolvency [PART -II] Formation Of NCLTs And Evolution Of Insolvency Jurisprudence – Live Law

Law Commission of India vide its 124th Report[1],  while highlighting the issues of multiplicity of jurisdictions with High Courts, pendency of cases, multiplicity of stages of appeal/ review/ revision under the Code of Civil Procedure, and need of having specialized bodies to deal with specialized matters, recommended for setting up of specialized Tribunals. This paved…

Bankruptcy Board Chief To Insolvency Professionals: Don’t Look For Readymade Solutions – BloombergQuint

Mentioning about instances of the professionals charging high amounts for services, Sahoo urged them not to delegate, outsource, overcharge or engage related parties. Don’t try to take Rs 14 crore from a default of Rs 2 crore…, he said, adding that remuneration should be charged in a transparent manner. His position is quite unique compared…