After NCLT gave its nod to the resolution plan of Reliance Naval in December 2022, the consortium that won the bid was mandated to pay Rs 275 crore in the next 90 days, ending March 23
Sandip Garg, Executive Director at IBBI, said the Code has kept pace with the emerging market requirements and will remain pertinent for all times to come
Amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for timely resolution of stressed assets, are likely to be introduced in the Budget session of Parliament early next year
The appellate tribunal has set aside an order passed by National Company Law Tribunal (NCLT) for the liquidation of Febris Multispeciality Hospital
