Legal experts say that this will prevent firms from defaulting on timely payment over fears of a corporate insolvency resolution process under the IBC
The top court said if a corporate debtor opposes the initiation of insolvency proceedings on the ground that it has a money award in its favour and the awarded...
The new rules will also provide effective participation of income payment agreements or IPAs in regulating the insolvency professionals through examination of...
In April, Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.
Reliance Capital has eight businesses that are on the block. These include general insurance, life insurance, health insurance, securities business and asset...
Real estate legal experts believe that home buyers have multiple legal avenues to claim refund from a developer. Read here to find out more.
The IBC, which came into force in 2016 and has undergone six amendments so far, provides for a time-bound and market-linked resolution of stressed assets.
Last week, the Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.
The company said that Yes Bank Ltd has allegedly claimed that the total amount in default with respect to a financial facility is Rs 468 crore.
The data which covers all the cases since the implementation of the Insolvency and Bankruptcy Code (IBC) five years ago till December 2021 reflects very slow...
IndusInd Bank had moved NCLT claiming default of Rs 83.08 crore against the media & entertainment firm
