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Posted inCareers Featured

Who aspires to be an IRP in India? Here are the professionals clearing IBBI Insolvency Resolution Professional Exam in India

India’s Insolvency and Bankruptcy Code (IBC) has opened a new professional frontier for mid-career experts through the IRP certification. With over 4,300 registered Insolvency Professionals (IPs) by 2024, the domain is dominated by Chartered Accountants but is seeing growing interest from lawyers and company secretaries. In this article, you will witness how IRP certification is transforming careers across law, finance, and corporate governance.
application
Posted inDrafting Insolvency and Bankruptcy Code, 2016 NCLT

How to draft an application for a stay on the operation of the impugned order passed by the NCLT under the IBC

In the first part of the article titled “Your ultimate guide to drafting an appeal before the NCLAT under the IBC”, I repeatedly mentioned filing a separate and independent application for stay on operation of the impugned order, alongside the memorandum of appeal. In this part, we will learn how to draft that very stay application effectively.
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Posted inDrafting Appeals Insolvency and Bankruptcy Code, 2016

Your ultimate guide to draft an appeal before the NCLAT under the IBC

 Contemplating what an appeal before the NCLAT must contain? Should the memorandum be detailed or precise? Which documents must be annexed, and how do parties contest an appeal effectively? If these questions are on your mind and you are an insolvency professional, corporate litigation lawyers, company secretaries,  you are exactly where you need to be.
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Posted inInsolvency and Bankruptcy Code, 2016 Drafting NCLT

How to draft an application for approval of a resolution plan

Learn about the process of approval and filing an application for the approval of a resolution plan, its key statutory and regulatory requirements, necessary documents, and drafting essentials. Ideal for insolvency professionals and lawyers, this guide endeavours to simplify a crucial step in the corporate insolvency resolution process.
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Posted inInsolvency and Bankruptcy Code, 2016 Drafting LawSikho (Featured)

How can a personal guarantor file an insolvency resolution process application under IBC

Learn the practical aspects of how a personal guarantor can apply to initiate an insolvency resolution process, the documents needed to be annexed to such an application, and the procedure followed by NCLT to adjudicate such an application. If you are a business owner or an aspiring insolvency professional or a lawyer, this article will help you navigate the process under Chapter III of the IBC. 
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Posted inInsolvency and Bankruptcy Code, 2016 Drafting NCLT

How to draft an application to avoid/reverse fraudulent transactions under the IBC 

In this article, you will learn about the practical aspects of fraudulent transactions under the Insolvency and Bankruptcy Code (IBC), 2016, such as how to draft applications for the avoidance/reversal of fraudulent transactions and how to contest them effectively before the National Company Law Tribunal. If you are looking to carve your niche in insolvency and bankruptcy laws, this article will help you immensely. 
Undervalued transactions
Posted inInsolvency and Bankruptcy Code, 2016 Drafting

How to draft an application to avoid undervalued transactions

In this article, you will learn about the practical aspects of undervalued transactions. You will also learn how to draft applications for the avoidance of undervalued transactions and how to contest them effectively before the National Company Law Tribunal. So, if you are an aspiring insolvency professional or a resolution professional or a young lawyer starting out in insolvency and bankruptcy practice, this article will be of great help. 
How to draft an application to avoid preferential transactions under IBC
Posted inInsolvency and Bankruptcy Code, 2016 Drafting Section 25 IBC

How to draft an application to avoid preferential transactions under IBC

This article will teach you what preferential transactions are under the Insolvency & Bankruptcy Code (IBC). You will also learn how to draft an application in such circumstances and related procedures. So, if you are starting your journey as an insolvency professional or a lawyer, this guide will be handy. 
section 10 application
Posted inInsolvency and Bankruptcy Code, 2016 CIRP Drafting

Guide to preparing an application to initiate CIRP under section 10 of IBC, 2016

What documents do you need to prepare an application under section 10 of IBC? How does this process differ from insolvency proceedings initiated by financial creditors and operational creditors? Are all corporate persons eligible to file the applications? If you are looking for answers to such questions, you have arrived at the right place! Whether you're a business owner, legal professional, chartered accountant, company secretary, or cost accountant, we’ve got you covered.