Debt investors of RHFL are planning to land against RHFL AT NCLT

Reliance capital’s unit reliance home finance limited (RHFL) is supposed to be land at NCLT because of incapable on repayment of bond due earlier this month. Investors of RHFL who invested on debt are planning to take crucial decision might include initiating money recovery proceeding. Non convertible debenture holder (NCD) of RHFL whose interest representing […]

Insolvency resolution professional arrested by CBI for threatening and bribe

CBI arrested Arun Mohan which was appointed as the insolvency resolution professional by NCLT and his friend who is CEO of Multimax Asset Reconstruction pvt ltd. The demands which were raised both accused against FR TECH, Hyderabad, which was declared insolvent under the insolvency bankruptcy code. FR TECH, Hyderabad who had appointed the complainant and […]

How Homebuyer can proceed for Refund Before NCLT

NCLT is known by national company law tribunal, which was constituted on June 1, 2016 under company’s act 2013. NCLT is empowered with authorities regarding all proceeding such as arbitration, compromise, reconstructing and winding up of a company. It also plays major role in insolvency resolution process of companies and limited liability partnership under insolvency […]

NCLT claims against Genesys Resorts for bankruptcy

Bhaskara Pantula Mohan, a member of the judiciary division bench, and Rajesh Sharma, a technician, prohibited the transfer or alienation of the assets of the company and its owners. The Bank of Baroda NSE has accepted a plea against Genesis Resorts in Bombay, which defaulted on loans of about Rs 230 crores, filed for insolvency […]

The Insolvency Claim Process Process of ReGen Powertech has been initiated by NCLT

The National Company Law Tribunal (NCLT) paved the way for the beginning of ReGen Powertech’s corporate insolvency resolution process on December 9, In the case of Chennai-based wind turbine maker ReGen Powertech, a tribunal has opened insolvency proceedings, highlighting the desperate times the wind energy industry is going through. Times of India December 13. According to the notice from National Company Law Tribunal (NCLT) Creditors of ReGen Powertech have time until December 27 to file their […]

How to lodge insolvency claims against Today Homes Noida

Homebuyers can now be comfortable, as the Hon’ble Supreme Court of India has affirmed the status of financial creditors of the Builder Company in one of its key judgments. As a consequence of the same, insolvency proceedings against many building companies are clear. Insolvency Proceedings In recent developments, “Today Homes Noida Private Limited” has become […]

At least 10 percent home buyers required to file bankruptcy against builders

According to the IBC bill, pending applications from home buyers against developers not accepted will meet the new conditions within 30 days of the Act being passed. NEW DELHI: The accreditation of home buyers ‘ financial creditors is now followed by runners. Home buyers, willing to take the developer to an insolvency court, are now […]

Notification No. 49/2019 – Central Tax issued today (09-10-2019)

Notification No. 49/2019 – Central Tax issued today (09-10-2019) has made some important changes by making amendments in CGST Rules, as summarised below: 1. ITC in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers in GSTR-1, shall not exceed 20% of the eligible credit available in […]