Insolvency and Bankruptcy Code
NCLAT Closes Insolvency Case Against Marvel Realtors & Developers
Banking - Published date: .
The National Company Law Appellate Tribunal (NCLAT) has closed the Corporate Insolvency Resolution Process (CIRP) agains... Read more
Partial Sale Of Companies Won't Be Default Under Insolvency Code: Report
Banking - Published date: .
The Ministry of Corporate Affairs proposed revisions to the IBC which would allow several resolution plans for different... Read more
NCLT Sends Notice To SpiceJet On Lessor's Insolvency Plea, Seeks Reply
Banking - Published date: .
A two-member Principal bench of President Ramalingam Sudhakar and Member Avinash K Srivastava issued a notice to Spiceje... Read more
Reliance Capital Resolution Process Completion Deadline Extended To July 16
Banking - Published date: .
The bidders have asked the Reliance Capital lenders to ensure that the resolution plans are IBC and RFRP compliant Read more
Lenders To Miss March-end Deadline To Resolve Key Insolvency Cases
Banking - Published date: .
Once an account is settled with the highest bidder paying their bid amount, then it frees part of bank's locked fund in ... Read more
Kanorias Make An Offer Under Section 12A To Take Srei Out Of Insolvency
Banking - Published date: .
They feel that existing resolution plans under consideration by the Srei CoC fail to offer a fair and equitable consider... Read more
ASG Hospital's Rs 526-cr Resolution Plan For Vasan Eye Care Gets NCLT Nod
Banking - Published date: .
Reportedly, ASG has over 50 eye hospitals across 16 states in the country Read more
Real Estate Sector Backs Proposed IBC Rule Change For Defaults
Banking - Published date: .
According to experts, defaults in the real estate sector often pertain to specific projects instead of the whole group Read more
IBC Overhaul Seeks To Give Adjudicating Authority A Power Boost
Banking - Published date: .
MCA proposes specialised framework for realty projects Read more
Voting For IBC Resolution Of Twin Srei Companies To Begin On Thursday
Banking - Published date: .
Srei has received three compliant resolution plans, which will be voted on by lenders and debenture holders Read more
RBI's Revised ARC Norms: Aircel, RCom Debt Resolution Faces Uncertainty
Banking - Published date: .
Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high deb... Read more
Srei Group Receives Two Resolution Plans For Debt-ridden Companies: Report
Banking - Published date: .
Two bids have been received for two debt-ridden Srei group companies under the insolvency resolution process and one of ... Read more
Defaulting Firm's Debt Includes Both Principal And Interest: NCLAT
Banking - Published date: .
Case related to a company that challenged insolvency proceeding against it for delaying payments to borrower Read more
Zee Learn Stock Tumbles Over 18% After Yes Bank Seeks Insolvency
Banking - Published date: .
Private sector lender Yes Bank has moved NCLT seeking initiation of insolvency proceedings against Zee Learn, according ... Read more
Chinese Banks Seek FM's Intervention In Reliance Infratel's Resolution Plan
Banking - Published date: .
Chinese banks have written to Finance Minister Nirmala Sitharaman on the delays in the implementation of the Resolution ... Read more
NCLT Allows RBI's Plea For Bankruptcy Proceedings Against Reliance Capital
Banking - Published date: .
The bankruptcy tribunal has also confirmed the appointment of Y Nageswar Rao as the administrator of the company Read more
Jet Airways Staff Approaches Labour Dept Over Non-payment Of Gratuity
Banking - Published date: .
The NCLT order, which is public now, provides for a very microscopic settlement for employees, which is pegged at Rs 52 ... Read more
NCLAT Issues Notice Over PNB's Plea Against Jet Airways Resolution Plan
Banking - Published date: .
The bank is aggrieved by the reduction in its claim amount by around Rs 202 crore by the Resolution Professional Read more
NCLT Dismisses Rolta Promoters' Plea For One-time Settlement
Banking - Published date: .
The National Company Law Tribunal (NCLT) has dismissed a petition of the promoters of IT firm Rolta India Ltd seeking on... Read more
NCLT Admits Application For Initiating CIRP Against McLeod Russel
Banking - Published date: .
Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's large... Read more