Year: 2023

Envision a company, perhaps an extremely successful and stable business. In your opinion, what sorts of operations would characterize a typical textile firm? The aforementioned items are quite varied, but they all pertain to the company and can be categorized as such: Operational activities (OA) entail doing things that keep the wheels of the business […]

An appeal against a National Company Law Tribunal ruling must be filed within 30 days, as per Section 61 of India’s Insolvency and Bankruptcy Act (IBC) (NCLT). A delay of up to 15 days may be excused under this provision if the NCLAT determines that good reason exists. The 30-day time limit has been regarded […]

The ability to file for bankruptcy quickly and easily can aid thousands of people in starting over financially. Envision yourself in a dire situation where you’ve fallen into a debt trap and have used up all of your available funding options. In such a case, bankruptcy can be your last resort.  Indian law does allow […]

Landmark Judgements Under Insolvency & Bankruptcy So, let’s talk about the 5 landmark judgements under the Insolvency and Bankruptcy Code, 2016. This code has been a game-changer in the Indian legal system, addressing financial distress and insolvency issues with more efficiency and transparency.  Mobilox Innovations Pvt Ltd vs Kirusa Software Pvt Ltd The Hon’ble Supreme […]

C.A. Devendra Jain is a renowned chartered accountant with an experience of over 30 years in the field of finance and management. Several firms have benefited from his vision and leadership acumen to strategically plan, direct, and oversee company operations to maximize merging business prospects. Expert Assistance for Business Excellence for the Last 20 Years […]

The terms insolvency and bankruptcy are frequently used interchangeably when referring to debt. They mean quite different things, though. Insolvency is a state of financial affairs, whereas bankruptcy is a legal process. The Insolvency and Bankruptcy Code, 2016 (IBC) is India’s bankruptcy law that aims to unify the existing framework by combining insolvency and bankruptcy […]