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Bankrupt Can File Application For Discharge After One Year, If Bankruptcy Trustee Fails To Do So: NCLAT New Delhi

The National Company Law Appellate Tribunal, Delhi held that when the Bankruptcy Trustee does not fulfil its statutory obligation under Section 138(1)(a) of the Insolvency and Bankruptcy Code, 2016, which requires the Trustee to apply for a discharge order after expiry of one year from the bankruptcy commencement date, the Bankrupt who is directly affected…

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Unraveling pre-pack in India: Analyzing application to large corporations, addressing underlying issues and proposing solutions

Unraveling pre-pack in India: Analyzing application to large corporations, addressing underlying issues and proposing solutions

Unraveling pre-pack in India: Analyzing application to large corporations, addressing underlying issues and proposing solutions Author: Ayushee Singh, Advocate at Delhi High Court. Background Micro Small and Medium Enterprises (“MSME”) play vital role in Indian economy[1] but inherent constraints in terms of size and capital of the MSME, makes them more vulnerable to economic shocks…

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Bike Loan Eligibility Criteria, Documents Required, and Application Process

Bike Loan Eligibility Criteria, Documents Required, and Application Process

Purchasing a two-wheeler often requires more than just the desire to own one—it demands financial planning that suits your income and lifestyle. A bike loan allows you to manage the cost efficiently through structured repayments, making it easier to access a vehicle without exhausting your savings. However, misunderstanding the eligibility rules, documentation process, or application…

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