Law Tarazoo

IBC Suspended ? What are the alternate remedies for recovery ?

Scenario of recovery prior to IBC:- Before the enactment of IBC, creditors had the following legal remedies for recovery of debts from the Corporates: i) Summary Suit : The creditors used to pursue the option of filing Summary Suit under O.XXXVII under Code of Civil Procedure. The average time taken by a Civil Court is …

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Do you own MSME ? Get to know the special provisions to recover dues

3rd July 2020 Know the basics MSME stands for Micro, Small, and Medium Enterprises. The intention of the Government to bring in the MSME Act was to provide large scale employment opportunities at comparatively lower capital costs than large industries. PROVISIONS TO RECOVER DUES MSME ACT? The Act provides for delayed and defaulted payments to …

Do you own MSME ? Get to know the special provisions to recover dues Read More »

While Individual defaults are on the rise, What is the law for Individual Insolvency?

INDIVIDUAL INSOLVENCY Everyone is going gaga over the Insolvency and Bankruptcy Code, 2016 (“IBC”) which presently is only meant for Companies and LLPs. The Individual Insolvency provisions under IBC, 2016 are still to be notified and therefore not applicable. A recent Ruling of Bombay High Court wherein it declared the Promoters of a known Developer …

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Startup Saturdays- Govt just made it easier to be called as Startup

Our Prime Minister Shri Narendra Modi had introduced Startup India Scheme on 16th January, 2016 in order to promote entrepreneurship in the Country by providing special benefits to the startup ups such as tax exemption on capital gains on investments. The launch of the scheme got lot of media attention; however it was not well …

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Want to start a Venture? Cannot choose right form of Business? Read on

I am sure you are confident about the venture you have chosen. However, it is equally important that you choose the right form of business type for your venture. In last few years the government has brought in many reforms which have made it easier for the entrepreneurs to run the business with minimal cost …

Want to start a Venture? Cannot choose right form of Business? Read on Read More »

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