Web8 May 2024 · According to the interpretation of Section 33, there is no moratorium on the continuing of lawsuits. According to Section 33(5) of the IBC, if the liquidator wishes to … Web16 Aug 2024 · The petitioners argued that section 33 of the IBC imposed a moratorium on the initiation or continuation of legal proceedings against the corporate debtor, from the …
Avoidable Transactions Under The Insolvency & Bankruptcy Code ... - Mondaq
Web(1) Where a compromise or arrangement is proposed under section 230 of the Companies Act, 2013 (18 of 2013), it shall be completed within ninety days of the order of liquidation … Web3 Jun 2024 · By Alipak Bannerjee and Payel Chatterjee. The interplay of arbitration and insolvency has assumed greater significance in recent times with the evolution of new … mud claw 31 10.50 15
Sections IBC Companies Act Integrated Ready Reckoner Companies Act …
Web2 3. In section 5 of the principal Act,— (i) after clause (5), the following clause shall be inserted, namely:—'(5A) "corporate guarantor" means a corporate person who is thesurety in a contract of guarantee to a corporate debtor;’; (ii) in clause (8), in sub-clause (f), the following Explanation shall beinserted, namely:— 'Explanation.—For the purposes of this … Web20 Aug 2015 · Section 33 provides that the provisions of section 33 apply if a principal council and any other person are parties to an instrument under seal which (a) is executed … Web10 Apr 2024 · (7) The order for liquidation under this section shall be deemed to be a notice of discharge to the officers, of the corporate debtor, except when the business of the … mudchute park canary wharf