Witworthipe

[Witworthipe @Witworth_ipe]

https://t.co/5RUS0oDaRl I-T department, other tax agencies can initiate insolvency: NCLAT

[Witworthipe @Witworth_ipe]

Lenders to get 50% Stake in Jet Airways On Debt Recast.
https://t.co/RdJXV0Owff

[Witworthipe @Witworth_ipe]

IBC - Creditor vs Liquidator : What went wrong in Abhijeet MADC Energy's Liquidation.

https://t.co/qA36P2KR6l

[Witworthipe @Witworth_ipe]

NCLT allows Amtek Auto's Resolution Process to start once again. #NCLT #Insolvency #IBC #CIRP
https://t.co/gqtTLleKiV

[Witworthipe @Witworth_ipe]

MCA Notifies Amendment To Companies(Significant Beneficial Ownership) Rules. #MCA #IBBI #insolvencyprofessional #IBC #NCLT.
https://t.co/omoMNA4kSK

[Witworthipe @Witworth_ipe]

Resolution Applicant can now raise ECB's from recognised lenders as ECB policy relaxed by RBI.
https://t.co/5zxTiyYmvO

[Witworthipe @Witworth_ipe]

Essar Power Lenders move to invoke Gurantees.

https://t.co/K0sQDAEchI

[Witworthipe @Witworth_ipe]

Any issue related to transfer of shares has to be adjudicated by NCLT. Civil court does not have jurisdiction in this regard.#NCLT #Insolvency #IBBI #IBC

https://t.co/KRSQ4hlLur

[Witworthipe @Witworth_ipe]

NCLT has no jurisdiction to decide the claims or counter-claims with regards to the parties (e.g. bailor- bailee relationship). Suits claiming rights over materials can only be filed once CIRP is completed as moratorium is in force!! #IBC #Insolvency #CIRP https://t.co/rJKPSj6exw

[Dhiraj @AAPlogical]

Deccan Chronical is sold to SREI group for Rs. 400Cr, which is just around 10% of its loan of Rs. 3500Cr.

The promoters get away scott free!

The reality of Insolvency Code!