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Bankruptcy and Insolvency Adjudicator: The Code proposes two separate tribunals to oversee the process of insolvency resolution, for individuals and companies: (i) the National Company Law Tribunal for Companies and Limited Liability Partnership firms; and (ii) the Debt Recovery Tribunal for individuals and partnerships.
Thereafter a proviso was added to sub-rule (3) by way of an Amendment made by the Madras High Court which was published by the Tamil Nadu Government Gazette [2] dated 27-02-1972, Part V, Page 1523 which is applicable to both Tamil Nadu and Puducherry Courts and the proviso which runs as follows: “Provided that an application may be admitted ...
The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India.
Tamil Nadu Lok Adalat or Tamil Nadu State Legal Services Authority (People's Court) is an statutory and autonomous body and an alternative dispute resolution mechanism used in the state of Tamil Nadu. The Tamil Nadu Lok Adalat Act is designed to provide constitutional protection guaranteed under Article 14 and 39-A of the Constitution of India ...
The frequency of applying for bankruptcy depends on which type of bankruptcy you’re filing, something known as the 2-4-6-8 rule. Filing Chapter 13 after Chapter 13 : Two years. Filing Chapter 13 ...
The Tamil Nadu Panchayat Court (Validation of Proceedings) Act, 1970; The Tamil Nadu Panchayat Union Councils (Appointment of Special Officers) Act, 1977; The Tamil Nadu Panchayat Union Councils (Extension of Term of offices) Act, 1976; The Tamil Nadu Panchayat Union Councils (Special Provisions for First Constitution) Act, 1960
The High Court of Judicature at Madras is a High Court located in Chennai, India. It has appellate jurisdiction over the state of Tamil Nadu and the union territory of Puducherry. It is one of the oldest high courts of India along with Calcutta High Court in Kolkata [1] [2] [3] and Bombay High Court in Mumbai.
Budget carrier Spirit Airlines filed for bankruptcy this week, stoking concern about how the financial peril of a low-fare option could impact prices across the industry. The Florida-based company ...
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