Entries by Neha Malu

Supreme Court confirms, sale certificates from confirmed auction sales do not require mandatory registration

Barsha Dikshit and Neha Malu | resolution@vinodkothari.com In the context of an auction sale conducted during liquidation or by a secured creditor, the sale certificate serves as a critical document, evidencing the transfer of title to the purchaser upon confirmation of the sale. Its legal nature and the procedural requirements such as registration and the […]

Control based SBO identification beyond the current legislation

Critical analysis of a recent RoC’s Order u/s 90 of the CA, 2013 – Neha Malu, Deputy Associate | corplaw@vinodkothari.com Background The requirement of identification of Significant Beneficial Owners (“SBOs”) for companies in India kicked in with effect from 13th June, 2018[1]. It marks its origination based on the recommendations issued by the Financial Action […]

Importance of Filing Timely Claims in IBC: A Guide for Government Departments

– Neha Malu, Deputy Associate | resolution@vinodkothari.com  Introduction In the landscape of corporate insolvency, the timely submission of claims by creditors is of paramount importance. The Insolvency and Bankruptcy Code, 2016 (“IBC”) provides a structured process for dealing with corporate debtors in distress. This article highlights the necessity of adhering to prescribed timelines for claim […]

NCLAT gives a go signal to the Go Airlines insolvency application

– Neha Malu, Senior Executive & Tanay Dubey, Legal Intern | resolution@vinodkothari.com Background In India, airline companies prefer acquiring aircrafts through lease rather than buying them. According to a report released by PwC, as of 2018, around 80% of India’s commercial aircrafts are leased, much more than the global average of leased commercial aircrafts as […]

IRDAI does comprehensive liberalisation of insurance regulations

– Neha Malu, Senior Executive | corplaw@vinodkothari.com Admittedly with the ambition to develop an economy where every citizen has appropriate life, health and property insurance cover and every enterprise is supported by appropriate insurance solutions, and also to make Indian insurance sector globally attractive, Insurance Regulatory and Development Authority of India (‘IRDAI’) has made comprehensive […]