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Failure to Implement Resolution Plan: A Case for Ineligibility under Section 29A
The Kalyani Transco judgement has highlighted certain inefficiencies in the Code, calling for a revaluation of its provisions.
Mayank Kaushik, Kanishka Pareek
Jun 77 min read
145
Supreme Court on Section 29A of Arbitration Act: Analyzing the Scope of Post Expiry Extensions of the Arbitrator’s Mandate
Courts must look at granting post expiry extensions judiciously in exceptional cases and imposing relevant costs and conditions so as to provide an implicit direction and judicial nudge towards a more proactive approach of seeking extensions on a genuine need basis instead of paving the way for more dilatory tactics.Â
Sara Dharwadkar
May 295 min read
299
Navigating MSME Insolvency: SC Ruling in Hari Babu Thota and Section 29A Implications
Hari Babu ruling gives scope for abuse of Section 29A by allowing backdoor entry of promoters.
Kaustubh Kulkarni
Feb 14, 20246 min read
692
MSME Exemption under IBC: Closing the Loophole
It is important that the law laid down in the case of Hari Babu Thota be reviewed.
Masad Khan
Jan 28, 20246 min read
1,888
Analyzing Arun Kumar Jagatramka v. Jindal Steel and Power
Author proposes a middle ground where promoters and directors are at least allowed to bring proposals under insolvency regime.
Harsh Tomar
Sep 21, 20227 min read
1,974
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