Indian Contract Act, 1872 with Section 172

Supreme Court Clarifies Rights of Secured Creditors with Pledged Shares in Insolvency Cases: Vistra ITCL vs. Dinkar Venkatasubramanian (2023)

/ Financial Creditor, Indian Contract Act, 1872, Indian Contract Act, 1872 with Section 172, Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Code, 2016 with Section 52, Insolvency and Bankruptcy Code, 2016 with Section 53, Judges, M. R. Shah, Pledge, Sanjiv Khanna

Supreme Court Clarifies Rights of Secured Creditors with Pledged Shares in Insolvency Cases LEGAL ISSUE: Whether a secured creditor holding pledged shares of a corporate debtor can be considered a financial creditor or operational creditor under the Insolvency and Bankruptcy Code, 2016 (IBC), and how their interests should be protected in a resolution plan. CASE […]

Supreme Court Clarifies Rights of Secured Creditors with Pledged Shares in Insolvency Cases: Vistra ITCL vs. Dinkar Venkatasubramanian (2023) Read Post »

Supreme Court clarifies definition of financial creditor under Insolvency and Bankruptcy Code: Phoenix ARC vs. Ketulbhai Patel (2021)

/ Ashok Bhushan, Indian Contract Act, 1872, Indian Contract Act, 1872 with Section 126, Indian Contract Act, 1872 with Section 172, Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Code, 2016 with Section 5(7), Insolvency and Bankruptcy Code, 2016 with Section 5(8), Judges, M.R. Shah, R. Subhash Reddy

Supreme Court Clarifies Financial Creditor Status in Pledge Agreements: Phoenix ARC vs. Ketulbhai Patel (2021) LEGAL ISSUE: Whether a party holding a pledge of shares as security qualifies as a financial creditor under the Insolvency and Bankruptcy Code, 2016. CASE TYPE: Insolvency Law Case Name: Phoenix ARC Pvt. Ltd. vs. Ketulbhai Ramubhai Patel [Judgment Date]:

Supreme Court clarifies definition of financial creditor under Insolvency and Bankruptcy Code: Phoenix ARC vs. Ketulbhai Patel (2021) Read Post »

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