Day: December 21, 2017

NCLT disposes 2750 cases under Insolvency and Bankruptcy Code (IBC)

NCLT disposes 2750 cases under Insolvency and Bankruptcy Code (IBC) in last one year. After notification of relevant provisions of the Insolvency and Bankruptcy Code 2016 on 01.12.2016, 2,434 fresh cases have been filed before NCLT and 2,304 cases of winding up of companies have been transferred from various High Courts. Out of these, a total number of 2,750 cases have been disposed of and 1,988 cases were pending as on 30.11.2017. As per information received from Public Sector Banks (PSBs), as on 30.11.2017, an amount of Rs. 39.63 crore had been realized after filing of cases with NCLT,...

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Number of Companies Registered in last one year

The total number of companies registered in the country as on 30th November 2017, stood at 1,711,806. Out off them 536,505 companies were closed; 1,149 companies were assigned dormant status as per the Companies Act, 2013; 3 lakh companies have not filed their statutory annual filings consecutively for last two years; 5,958 companies were under liquidation; 31,633 companies were in the process of being struck-off and 112 companies were in the process of being re-activated. Taking the above into account, there were 1,136,446 active companies as on 30th November, 2017 LIST – Number of Companies Registered in last one...

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SUKHWINDER SINGH

FCS; LL.B; B.COM (P)

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