Page 2 of Insolvency and Bankruptcy Code News
Adani Group has submitted an unconditional Rs 12,600 crore bid for Jaiprakash Associates under the insolvency process, while Dalmia Bharat’s…
The upcoming Monsoon Session of Parliament is set to be a pivotal economic event, with a strong focus on boosting…
Jaiprakash Associates has received five bids along with earnest money for the acquisition of the company in its entirety. Here…
GlobalBees Brands is facing an insolvency petition filed by Kuber Mart’s directors over a Rs 64.92 crore claim. The move…
JM Financial Products has acquired over 142,000 sq ft of office space in Mulund as part of a bankruptcy settlement…
NCLAT has stayed the insolvency proceedings against Reliance Infrastructure as it suspends NCLT’s order. Reliance Infrastructure had opposed the insolvency…
Per ICRA, the number of resolution plans (RP) approved by the NCLT under the IBC showed a marginal dip to…
The government is working on amending the insolvency law, including the provision related to bidders requiring CCI approval for resolution…
The company said that if it does not get support from the government, it will go to the National Company…
If we plan to do away with provision of selling the corporate debtor in liquidation rules, we must look for…
Forever 21’s operator, F21OpCo, has filed for Chapter 11 bankruptcy for the second time in six years, citing declining sales,…
The government has granted the committee of creditors (CoC) additional powers in bankruptcy proceedings.
The IBBI, in the past 18 months, has introduced key tweaks, which includes tightening procedural safeguards, and improving disclosure norms…
The IBBI has allowed resolution professionals to hand over possession of properties to homebuyers during the ongoing resolution process.
Experts call for a codified facility to address stressed asset inter-linkages
Since inception, the IBC has led to a direct recovery of about Rs 3.55 lakh crore due to resolution and…
Out of the admitted cases, one has been withdrawn, resolution plans for five others have been approved and seven cases…
The subdued response to PPIRP could stem from various factors which could be bifurcated as debtor-related, creditor-related or institutional infrastructure-related,…