The top court upheld the constitutionality of some amendments made to the IBC in 2019 pertaining to the Personal Guarantors' Insolvency Resolution.
Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently
Naresh Goyal founded Jet Airways, which was considered as the biggest carrier in India, halted all operations on April 17, 2019, citing rising financial liabilities
Hinduja Group’s Indusind International Holdings Ltd (IIHL) submitted a comprehensive plan that was presented to Reliance Capital lenders on Friday
The report highlighted the 10 big changes, including supply-side policy reforms, formalisation of the economy, Direct Benefit Transfer, Insolvency and Bankruptcy Code, focus on FDI and flexible inflation targeting
The IBC, which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets
In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company on May 31 defaulted on repayments of a principal amount of Rs 1,600 crore and interest of Rs 2,361 crore
The IBBI Chairperson said IIM Ahmedabad has been asked to conduct a study to find out whether these resolutions have led to a change in the economy, adding that the report is expected to come out in the next two months
Considering the fact that the second round of auction is yet to take place, it is not possible to wrap up the resolution process within the current deadline.
The intensity of the cases admitted under CIRP increased during the first 9 months of the fiscal to 886 cases, which is a 70 per cent jump from the same period...
The appointment for the post will be on a deputation basis for an initial period of three years, which shall be extendable by one year.
The case has been reserved for orders on the approval of the resolution plan in respect of JIL before the NCLT, Principal Bench, Delhi
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets
The Committee of Creditors (CoC) of Andhra Cements has voted with a majority in favour of the resolution plan filed by Sagar Cements Ltd, Andhra Cements said...
The CEA also said the most important issue is that the US is expected to lower its interest rates in 2024 or 2025, which will have an impact on the Indian rupee
SREI is undergoing insolvency resolution under the Insolvency and Bankruptcy Code (IBC)
NARCL's net present value bid, submitted in the 10-hour-long "challenge mechanism" conducted by the committee of creditors (CoC) on Tuesday, constitutes Rs...
Section 84 of the CGST Act deals with the procedure where original tax, interest or penalty stands reduced under an appeal, revision or other proceedings
The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance...
According to sources, the e-auction will begin on December 19, and it will follow ascending auction process
In a letter to Reliance Capital's administrator, RGIC has sought Rs 600 crore capital support by this month-end
With the binding bids coming in at an abysmally low value, the advisors and members of the CoC hold different opinions on what process they should adopt for...
Budget 2023: The Ministry of Corporate Affairs has consulted judges, lenders, bankruptcy resolution professionals and other stakeholders to revamp the...
The move would also enable better participation of stakeholders
Founded in 2019 by Sahil Sheth, the company offers live online classes to children from KG to Class 9 for Maths, Science, English, and Coding
