August 1, 2021
We are trying to introduce a bottom-up approach to the scholarship on judicial decisions. The IBC judgments from the higher judiciary tend to attract most of the media and scholarly attention, and for good reason. But we believe that a more rigorous examination of the NCLT and NCLAT decisions could pre-emptively highlight tricky legal areas.
Therefore, IBC16 invites submissions from students for blog posts exclusively covering the NCLT and NCLAT orders/judgments from the months of July and August 2021. The authors are encouraged to explore topical theme(s) in insolvency law, through novel analysis of the judgment(s)/order(s) chosen.
Section X, IBC16’s judgment search portal, has got your case law research covered – the only place online where you can find and download any NCLT/NCLAT judgment — with just a click.
You can read the winning entry from the first edition here.
Students enrolled in an undergraduate, graduate, or doctoral program in any law school, legal professional training school, or executive programmes (CA, CS etcetera) are eligible to participate in this competition.
NO PARTICIPATION FEES WILL BE CHARGED
The following guidelines should be adhered to by the participants:
The participants will be internally evaluated on the basis of the following criteria: –
The shortlisted entries will be evaluated by a panel of industry experts, they will be looking for the submissions that:
The top three entries will be considered for publication on IBC16, in addition to receiving:
First Prize of Rs. 3250/-
Second Prize of Rs. 1750/-
Third Prize of Rs. 1000/-
Submission Procedure – You can submit your entries here till 2359 hrs on 10 September 2021. Results will be declared by 1 October 2021 (tentatively).
We talk to Dr. M. S. Sahoo, the IBBI Chairperson and the flag-bearer of the Indian insolvency and restructuring industry, on a variety of issues.July 12, 2021
The Background It was started by a determined Naresh Goyal with 4 leased aircrafts in 1993, and went on to become a renowned organisation. Difficulties first surfaced in August 2018, when the company put off sharing the results of its second quarter. Inconsistencies within the financials were immediately noticed, and an audit was conducted subsequently. […]August 10, 2021
Abbreviations Used Code – Insolvency and Bankruptcy Code, 2016 CIRP – Corporate Insolvency Resolution Process AA – Adjudicating Authority (NCLT) CD – Corporate Debtor FC – Financial Creditor OC – Operational Creditor CoC – Committee of Creditors IRP – Interim Resolution Professional RP – Resolution Professional RA – Resolution Applicant Allahabad Bench Extension of Liquidation […]August 11, 2021
Delhi Bench The decision of the Liquidator to conduct an e-auction on the advice of the Stakeholder’s Consultation Committee cannot be appealed, before any decision is made by the Adjudicating Authority: D.R. Corporation (Proprietorship Firm) v. Ravi Kapoor Liquidator of City Tiles Ltd. & Anr. The Liquidator had initiated an e-auction on the recommendation of […]July 8, 2021
Recently, the RBI rejected the resolution plan of UV Asset Reconstruction Company (‘UVARC’) for the resolution of Aircel Limited (‘Aircel’). The said plan had been approved by the NCLT through an order dated June 9, 2020. This post throws light on various aspects of asset reconstruction companies qualifying as resolution applicants.June 23, 2021
About the Competition We are trying to introduce a bottom-up approach to the scholarship on judicial decisions. The IBC judgments from the higher judiciary tend to attract most of the media and scholarly attention, and for good reason. But we believe that a more rigorous examination of the NCLT and NCLAT decisions could pre-emptively highlight […]August 1, 2021