One-Liner IBC Updates/News:
• Our tribute to a teacher, an author and a great human being - Dr. D.S. Rawat
• NCLT/NCLAT Power to Order Criminal Proceeding
• Concluding the conundrum: balance sheet entries as Acknowledgment
• CIRP plea admitted as corporate debtor failed to establish any pre-existence of dispute
• Company was to be liquidated when no resolution plan was received after 330 days and Co. was not a going concern: NCLT
• Petition filed within 3 years of acknowledgement of debt was within limitation period
• NCLT orders dissolution of corporate debtor when all assets were liquidated and realized amount was distributed
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