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IL&FS Group may surpass Rupees 61k-crore debt recovery goal The corporate affairs ministry had superseded the board of IL&FS in October 2018 following reports of financial irregularities. 2 years agoDecember 17, 2023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process for MSMEs since 2021 Out of the six cases, four cases are ongoing while one case is resolved and one case is withdrawn. 2 years ago
Go First gets claims worth Rs 24,000 crore from creditors Go Airlines filed for bankruptcy protection in May. 2 years agoJuly 22, 2023
Insolvency and data protection bills on monsoon session agenda Session to be between July 17-August 11 2 years agoJune 23, 2023
IBC and third-party assets: Proceedings against Go First once again highlights issue on resolution process This issue cropped up in the resolution of RCom and Aircel earlier and now is holding up Go First’s resolution.… 2 years agoJune 11, 2023
Don’t hamstring creditors: Insolvency board’s proposal for preference voting is flawed In a discussion paper published on Wednesday, the Insolvency and Bankruptcy Board of India (IBBI) has proposed that the committee… 2 years agoJune 9, 2023
Insolvency process of realty projects needs to undergo a sea-change to provide relief to homebuyers: Santosh Pandey In an exclusive interview, Santosh Pandey, CEO, Sarthak Advocates & Solicitors, shares his perspective on why the insolvency process of… 2 years ago
NCLAT upholds NCLT order allowing Go First’s voluntary insolvency proceedings “The order dated May 10, 2023 allowing insolvency is upheld,” said the NCLAT bench headed by Chairperson Justice Ashok Bhushan. 3 years agoMay 22, 2023
One less hurdle for Sony merger: NCLT dismisses IDBI Bank’s insolvency plea against Zee This comes at a time when Zee is close to completing a merger with Sony Pictures Network India, a subsidiary… 3 years agoMay 19, 2023
File Bankruptcy Petition: How to submit insolvency petition with NCLT; step-by-step process Steps To File Insolvency Petition: NCLT with territorial jurisdiction over the place where the registered office of the corporate is,… 3 years ago
Wholesale, retail trade units 10% of companies admitted for insolvency resolution till March: CareEdge Ease of doing business for MSMEs: Cases under CIRP have increased each quarter since the launch of IBC, highlighting the… 3 years ago
Bank of Baroda launches Electronic Bank Guarantee on its digital platform Ease of Doing Business for MSMEs: The new facility will enable the public sector bank to issue inland bank guarantees… 3 years ago
Adani offers unconditional Rs 12,600 cr bid for Jaiprakash Associates; Dalmia front-runner but with caveats
