Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
IBC - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Constitutional validity of section 7 of IBC - the contention ...


Court Upholds Constitutionality of Section 7 in Insolvency and Bankruptcy Code; Dismisses Claims of Discrimination Against Debtors.

March 11, 2023

Case Laws     Insolvency and Bankruptcy     HC

Constitutional validity of section 7 of IBC - the contention that Section 7 is a draconian provision loaded against the corporate debtor, cannot be countenanced. Therefore, the challenge against constitutional validity of section 7 of IBC on the ground that the provision is arbitrary and discriminatory, is liable to be rejected. - HC

View Source

 


 

You may also like:

  1. The High Court dismissed the petition filed by the petitioner seeking removal of his removal as Liquidator due to incomplete qualifications. The petitioner's application...

  2. Code of Conduct for the CoC - The Delhi High Court directed the Insolvency and Bankruptcy Board of India (IBBI) to frame or finalize a code of conduct/guidelines for the...

  3. Insolvency and Bankruptcy Code (Second Amendment) Act, 2018

  4. The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018 - As passed by Loksabha

  5. The Insolvency and Bankruptcy Board of India (IBBI) has extended the deadline for liquidators to file forms related to liquidation processes under the Insolvency and...

  6. The Circular by the Insolvency and Bankruptcy Board of India introduces electronic forms for monitoring liquidation processes under the Insolvency and Bankruptcy Code....

  7. The High Court held that the Execution Application filed by the Applicant against the Respondent does not survive due to the approved Resolution Plan under the...

  8. The High Court dismissed the petition challenging the order of the Insolvency and Bankruptcy Board of India (IBBI) suspending the registration of the petitioner as an...

  9. The High Court held that u/s 14(1) of the Insolvency and Bankruptcy Code (IBC), while a moratorium prohibits institution or continuation of suits against the corporate...

  10. Maintainability of an interim application seeking summary judgment under the Code of Civil Procedure for enforcing claims arising from bunker supplies made to defendant...

  11. The circular issued by the Insolvency and Bankruptcy Board of India outlines the requirement for Insolvency Professionals (IPs) to file specific forms electronically to...

  12. Once the resolution plan is approved under the Insolvency and Bankruptcy Code, any outstanding claims, including those under the Gujarat Value Added Tax Act for...

  13. HC held that Provident Fund (PF) dues, comprising both employee and employer contributions, are not corporate debtor assets subject to insolvency resolution. The...

  14. The court upheld the validity of Clause 23A of the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies)...

  15. Once symbolic possession of the property is taken over by the appellant under the SARFAESI Act, 2002, the moratorium u/s 96 of the Insolvency and Bankruptcy Code...

 

Quick Updates:Latest Updates