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Calcutta High Court strikes down NCLT order mandating filing of default record from Information Utility for Section 7 IBC plea The Hon’ble High Court at Calcutta on 18th August 2021 nullified order of National Company Law Tribunal directing all financial creditors to...

Bengal post-poll violence: Calcutta HC reserves order after final hearing Kolkata (West Bengal), August 3 (ANI): Calcutta High Court reserved the order after the final hearing in the West Bengal post-poll violence matter that ended on Tuesday. During the hearing, the...

Insolvency and Bankruptcy Code, 2016: The rules have been changed to bring transparency in the process of bankrupt revival The Bankruptcy Law Board made some changes in the bankruptcy rules. Their claim is that if a company goes to the NCLT after failing to repay a...

Interview of our Founder & Managing Partner with CEO Insights Magazine The Indian legal industry has been witnessing a paradigm shift in tune with the technological advancements and evolving policies, over the past few years. Besides in the light of changing capital...

Sharma & Sharma, Advocates & Legal Consultants awarded as Top 10 Legal Consultants of 2020 by CEO Insights Legality remains a formidable factor for running businesses. The hidden complex meanings in a business contract, laws favorings the consumers’ protection, and...

Adhunik faces Liquidation risk Adhunik Metaliks, the Calcutta-based beleaguered steel maker, may face liquidation after Liberty House of the UK failed to make an upfront payment to the creditors within the stipulated time. The National Company Law Tribunal (NCLT)...

Jai Balaji case: HC recalls winding-up order; SBI to pursue insolvency plea Providing relief to State Bank of India in the case of defaulting Jai Balaji Industries (JBIL), the Calcutta High Court has recalled its winding-up order against the debt-laden steel producer....

Adhunik Metaliks: Lenders negotiating with UK-based Liberty House to raise offer After Adhunik Metaliks (AML) received additional time to complete the ongoing insolvency resolution process, lenders are now negotiating with UK-based Liberty House — the highest bidder —...

Adhunik Metaliks: NCLT keeps issue of additional time open According to a source close to the development, “Edelweiss ARC’s plan was rejected in the first round of bidding for Adhunik Metaliks, and in the second round, the company did not submit its plan.” The...