Synergy Insolvency

Bank is free to recover debt if the terms and conditions Of One-Time Settlement are Breached: Punjab & Haryana High Court

The Punjab and Haryana High Court (HC) held that if the terms of the One Time Settlement (OTS) entered with the bank are violated by a borrower wherein the amount is not paid  within the agreed time frame , then the court orders are not needed for extending  the time period of payment under the […]

Synergy Insolvency

Person Ineligible U/s 29A IBC To Submit Resolution Plan Cannot Propose Scheme Of Compromise & Arrangement U/s 230 Companies Act 2013: Supreme Court

The Supreme Court held that a person who is ineligible under Section 29A of the IBC to submit a resolution plan, cannot propose a scheme of compromise and arrangement under Section 230 of the Companies Act, 2013. The bench comprising Justices DY Chandrachud and MR Shah also upheld the constitutional validity of Insolvency and Bankruptcy […]

Synergy Insolvency

Employee Stock Option Plan for an Unlisted Company

Employee Stock Option Plans (ESOPs) are a well-recognized method of compensating employees and attracting and retaining the best talent. Compensation in the form of equity shares helps in creating a sense of ownership in the mind of employees. Benefit schemes for employees, including ESOPs, have gained popularity, especially in start-ups that have limited financial resources […]

Synergy Insolvency

Union Budget 2021: 2.5 लाख से ज्यादा PF कटवाने वालों को झटका, ब्याज पर लगेगा टैक्स

बजट 2021 के एक प्रस्ताव से उच्च आय वालों को झटका लगने वाला है. वे अब प्रोविडेंट फंड (PF) के जरिए बड़ा टैक्स फ्री फंड नहीं खड़ा कर पाएंगे. दरअसल वित्त मंत्री निर्मला सीतारमण ने अपनी बजट स्पीच में प्रस्ताव रखा कि विभिन्न पीएफ में कर्मचारी अंशदान पर होने वाली ब्याज आय के मामले में […]