Recently, the Hon’ble Maharashtra Real Estate Appellate Tribunal held that Section 18 of the Real Estate (Regulation and Development) Act, 2016 does not explicitly limit changing of prayers from see...
Published On: 13/01/2020
Practice Area: Insolvency & Restructuring, Litigation & Dispute Resolution
Authors:
Padmaja Kaul
Varun Khanna
The Insolvency and Bankruptcy Code, 2016 (the 'Code') has faced a barrage of amendments and course correction from both the judiciary as well as the legislature. The latest and perhaps the most significant amendment in the Code has been the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 and the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, which along with certain provisions in the Code in relation to insolvency of individuals (including personal guarantors) have come into force with effect from December 01, 2019. INDUSLAW's Padmaja Kaul and Varun Khanna discuss the new regime.
