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ARTICLE · 03 MARCH 2020

Between The Lines... February 2020

Vaish Associates Advocates
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We are pleased to share with you a copy of our newsletter "Between the Lines", February 2020, a briefing on legal matters of current interest.

IndiaInsolvency/Bankruptcy/Re-Structuring
Vaish Associates Advocates
Vaish Associates Advocates
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We are pleased to share with you a copy of our newsletter "Between the Lines", February 2020, a briefing on legal matters of current interest.

Below are the key highlights of the newsletter:

  • Supreme Court: No provision under the IBC requiring the resolution plan to match liquidation value; and an approved resolution plan cannot be withdrawn under Section 12A of the IBC
  • NCLAT: No default by real estate developer if possession delayed due to reasons beyond control
  • Supreme Court: Provident Fund benefits payable to contractual employees from date of filing writ petition and not retrospectively
  • NCLT: Automatic waiver of legal proceedings is not permitted in a resolution plan

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Advocates, 1st & 11th Floors, Mohan Dev Building 13, Tolstoy Marg New Delhi-110001 (India).

The content of this article is intended to provide a general guide to the subject matter. Specialist professional advice should be sought about your specific circumstances. The views expressed in this article are solely of the authors of this article.

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