Life Insurance – H.K. LAW OFFICES

CAN THE BANKRUPTCY CODE (IBC) OVERRIDE SPECTRUM GUIDELINES?

Recently the committee of creditors and successful bidder, UV Asset Reconstruction Company, of Aircel Insolvency case knocked the door of the apex court to challenge the order passed by the Principal Bench of NCLAT, Delhi. The petitioners highlighted that the tribunal failed to consider the overriding nature of IBC which prevails over other laws visContinue reading “CAN THE BANKRUPTCY CODE (IBC) OVERRIDE SPECTRUM GUIDELINES?”

Repudiation of Contract of Insurance

If there is a valid contract, it can be repudiated. To be valid, a contract must include the following elements an offer, an acceptance of that offer for a consideration that will result in an agreement[1]. An agreement enforceable by law is a contract.[2] Repudiation of contract occurs when one party does not intend to fulfilContinue reading “Repudiation of Contract of Insurance”