Live Help
A new Generation of research begins with a new Research Platform. Try New Taxmann.com
Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :

  

Thank you for your details



Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session
 

SC upholds amendment stipulating liability for prior offences of erstwhile management of corporate debtor

January 20, 2021[2021] 123 taxmann.com 343 (SC)
29 Views

IBC : Supreme Court upheld section 3 of IBC (Amendment) Act, 2020 amending section 7(1) of IBC requiring minimum threshold for initiation of proceedings(class action) by certain categories of financial creditors against corporate debtors such as real estate developers; section 4 of Amendment Act incorporating clarificatory Explanation II in Section 11 of IBC (Persons not entitled to make application) that came into force on 28-12-2019; and section 10 of Amendment Act inserting section 32A in IBC stipulating liability for prior offences of erstwhile management of corporate debtor apparently important to new management to make a clean break with past and start on a clean slate

read more

taxmann.com
Payment
Best view in 1140 x 768