Intelligent Updates

In India, the term "paper company" or "shell company" is often used to describe entities that exist primarily on paper, ...

The Prevention of Money Laundering Act (PMLA) allows statements recorded by investigating officers to be used as evidence in court under Sec...

In their infinite wisdom, the guardians of insolvency have issued “ Guidelines ” for the Committee of Creditors (CoC) on 06.08.2024. A quick...

U/r 7(2)(ca) and 13(2)(ca) of the IP Regulations, both an IP and IPE are required to pay 1% of their annual turnover to the Board within 30 ...

Stress in the world of banking and finance is associated with sign of   incipient sickness in the conduct of business of borrower. To know t...

Insolvency and Bankruptcy Code, 2016 (“ IBC ”) has been primarily used for Corporate Debtors. 4,593 Corporate Debtors have undergone the Cor...

As per IBBI Newsletter of June, 2021, IBC had enabled recovery of Rs. 2.5 lakh crore, against admitted financial claims of Rs. 7 lakh crore ...