Creditor-led Insolvency Resolution Mechanism

The Creditor-led Insolvency Resolution Mechanism is a newly proposed mechanism that aims to reduce delays in the resolution process, which have escalated under the current system, causing legal challenges and a shortage of NCLT benches. As per the Insolvency and ..

Tags: Insolvency and Bankruptcy Code • Insolvency and Bankruptcy Code (IBC) • National Company Law Tribunal (NCLT)

Month: Current Affairs - May, 2023

Category: Banking Current Affairs

Google Policy Change In line with CCI direction

Our smartphones come with pre–installed apps like Gmaps, Gmail, Google search engines, etc. We cannot uninstall these apps even if we do use them. Apart from Google apps some smartphones also come with third-party apps (supported by Google). Google uses ..

Tags: Alphabet • Alphabet Inc. • Google • National Company Law Tribunal (NCLT) • NCLAT

Month: Current Affairs - January, 2023

Category: Legal & Constitution Current Affairs

Ministry of Corporate Affairs Facility for e – Adjudication

The Ministry of Corporate Affairs launched the MCA21 to speed the access to the services of the ministry. Recently, the ministry added some key features to MCA21. They are e – adjudication, compliance management, and e-consultation. Adjudication means a judgment ..

Tags: CBDT • Central Board of Direct Taxes (CBDT) • Companies Act 2013 • MCA21 • MCA21 Mission Mode Project

Month: Current Affairs - January, 2023

Category: Economy & Banking Current Affairs - 2022

SC on Tribunal Appointments

On February 16, 2022, Supreme Court rued the knee jerk actions in filling up vacant posts in tribunals, stating that, bureaucracy has been taking up this issue lightly. Highlights A bench headed by Chief Justice N V Ramana has been ..

Tags: Income Tax Appellate Tribunal (ITAT) • National Company Law Tribunal (NCLT)

Month: Current Affairs - February, 2022

Category: Legal & Constitution Current Affairs

Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill 2021

On 28th July, 2021, Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill 2021. This Bill replaces the Insolvency and Bankruptcy Code (Amendment) Ordinance 2021 which was implemented on 4th April, 2021. Key Points Insolvency is a situation ..

Tags: Corporate Insolvency Resolution Process (CIRP) • Insolvency and Bankruptcy Code (Amendment) Bill 2021 • Insolvency and Bankruptcy Code 2016 • Lok Sabha • MSME

Month: Current Affairs - July, 2021