Discussion paper on cross-border insolvency soon: Official He was speaking at an event organised by Indian Institute of Insolvency Professionals of ICAI. 1 year agoApril 13, 2024
Cross-border and group insolvency norms shortly after polls Group insolvency refers to clubbing the assets and liabilities of all companies in a corporate group and undertaking resolution proceedings,… 2 years agoMarch 7, 2024
Anil Ambani led Reliance Capital to delist from bourses; Read to know more Existing shareholders won’t get compensated for their holdings as they’ll get cancelled after NCLT’s order. “The liquidation value of the… 2 years ago
Insolvency cases rise 18% in third quarter The average time taken for resolution or liquidation continues to increase for operational and financial creditors during the December quarter. 2 years agoFebruary 25, 2024
891 resolution plans approved till Dec-end: Insolvency board Further, the newsletter noted that the creditors have realised Rs 3.21 trillion from resolutions of stressed assets under the Corporate… 2 years agoFebruary 19, 2024
Real estate firms laud IBBI tweaks on insolvency, liquidation Since the regulatory framework under RERA allows registration and monitoring of each project as a separate unit at pre-insolvency stage,… 2 years agoFebruary 18, 2024
Mediation may not reduce delays in insolvency process: Experts Some experts even say that the regime may not achieve the intended goal, as it only bats for a mediation… 2 years agoFebruary 15, 2024
Stakeholders to be directly involved in liquidation process, says IBBI Sudhir Chandi, partner, Resurgent Resolution Profesional, said that the SCC has a significant role to play in the process of… 2 years agoFebruary 14, 2024
Professional entities can now handle any number of insolvency cases An IPE can be a company, a limited liability partnership or a registered partnership firm, allowed to carry on the… 2 years agoFebruary 5, 2024
Now, same agency can resolve insolvency of firm and its personal guarantor The regulator had also said that the RPs appointed in the PG matters have limited access to the financial records,… 2 years agoFebruary 4, 2024
Pre-pack insolvency resolution adoption among MSMEs seems to be relatively muted: RBI’s Shaktikanta Das “One reason could be the hesitancy on the part of the financial creditors (FCs) in approving the proposals under this… 2 years ago
IL&FS Group may surpass Rupees 61k-crore debt recovery goal The corporate affairs ministry had superseded the board of IL&FS in October 2018 following reports of financial irregularities. 2 years agoDecember 17, 2023
Personal assets at risk, promoters to rush to settle dues SC ruling on personal guarantors has removed ambiguity: Experts 2 years agoNovember 14, 2023
Wake-up call for promoters: Importance of SC judgment lies in sanction to plug loopholes in IBC While rejecting the petition, the SC held that the approval of a resolution plan did not ipso facto free them… 2 years agoNovember 13, 2023
Board paper calls for UN-model cross-border insolvency law Cross-border insolvency law aims to ensure Indian lenders have access to overseas assets of stressed companies, and can get support… 2 years agoOctober 2, 2023
Resolutions under insolvency law likely to touch 300 this year: IBBI chief Ravi Mital Till August this year, 135 resolutions have happened and the number is likely to touch 300 by year-end, Mital said… 2 years agoOctober 1, 2023
Govt negotiating with UNCITRAL on cross-border insolvency mechanism The government is negotiating with United Nations Commission on International Trade Law (UNCITRAL) to amend provisions related to cross-border insolvency,… 2 years agoSeptember 27, 2023
Only 6 cases admitted under pre-pack insolvency resolution process for MSMEs since 2021 Out of the six cases, four cases are ongoing while one case is resolved and one case is withdrawn. 2 years ago
Adani offers unconditional Rs 12,600 cr bid for Jaiprakash Associates; Dalmia front-runner but with caveats
Jaiprakash Associates receives five bids in insolvency process: Adani, Vedanta, Jindal among contenders
FirstCry parent’s subsidiary GlobalBees faces Rs 64.92 crore insolvency petition from Kuber Mart directors
