Top Tweets for #OperationalCreditors
Insolvency experts call for changes in the IBC regarding fair restitution for operational creditors amid claims of financial-creditor centrism.
#IBC #Operationalcreditors #Finance
https://t.co/ylgKfG5H6M
When Financial Creditors Have Not Been Paid In Full, Operational Creditors Cannot Claim A Higher Amount: NCLT Ahmedabad #NCLT #FinancialCreditors #OperationalCreditors #CorporateInsolvencyResolutionProcess(โCIRPโ). #ResolutionPlan https://t.co/cemi6CjDmx
@csrengarajan #operationalcreditors ultimately draw a blank only. Why additional procedures & cost. Recovery at the right time is important. If companies near insolvency pays Govt dues on time prior to #CIRP will that not constitute preferential under #IBC #NCLAT says better treatment to OCs
#Insolvency #Opinion
Operational Creditors - Lost in the By Lanes of Equality
Read the Article: https://t.co/POzY0n175d [28 Mins | Read Time]
Authored by: Adapa V Subba Rayudu (Associate Partner, Singhania & Co. LLP)
#TaxmannUpdates #IBC #OperationalCreditors
Also please look into closing the pending cases Pre-Covid-19 where some of the MSMEs are approved as #OperationalCreditors by the RPs appointed by #NCLTs ao that these MSMEs get their dues, long wait. @IBBIlive @RBI @FinMinIndia @nsitharamanoffc @ianuragthakur
Equitable Treatment can be claimed only by similarly situated Creditors: NCLAT #NCLAT #OperationalCreditors #InsolvencyandBankruptcyCode2016 #FinancialCreditors #NationalCompanyLawAppellateTribunal #I&BCode https://t.co/tZ00Lz024Y
There ought to be third category (before #FinancialCreditors & #OperationalCreditors) and that is #GovernmentLicense which obviously becomes the #CoreOfBusiness and that cannot be compromised!? https://t.co/q1hLe8lxdm
Hammurabi & Solomon Partners Dr.Manoj Kumar Sukrit R@manojkhammurabi#suspensionofibc # #ibcshow #operationalcreditors https://t.co/ukOQhf7rmw
Presently under #IBC Regln 38 requires mandatory provision in the #ResolutionPlan for #OperationalCreditors only to the extent of the Liquidation Value #LV which would also be not a specified figure in numbers. Therefore sthg shd b provided for #OperationalCreditors more than #LV
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