The IBBI should consider the expansion of the committee of creditors (CoC) so as to take care of the dues of the unsecured and operational creditors, in particular, the workmen, according to legal professionals.
With the day-ahead power market achieving higher volumes (306 million units for Saturday delivery) and prices going haywire (Rs 10.54 at evening peak) on the Indian Energy Exchange, the power ministry has asked state discoms
While the power ministry is exerting pressure on the coal ministry to relax fuel and regulatory issues, the PSU power producer wants to operate its pit head plants at higher plant load factor, keeping the plants away from pit
Major retail chains such as Future Group, Spencer's Retail, Titan Industries, Shopper's Stop, TRRAIN and Hyper Market, among others, have demanded that the Centre should allow 25% FDI in retail across all channels to start wi
The chairperson of Insolvency and Bankruptcy Board of India (IBBI) MS Sahoo on Saturday advocated that the focus regarding cases under the Insolvency and Bankruptcy Code (IBC) should be on resolution and not liquidation to ma
The Kolkata bench of the National Company Law Tribunal on Thursday directed the resolution professional (RP) for Ferro Alloys Corporation, the corporate debtor who stood guarantor for Facor Power, to file an application seeki
The CoC of the beleaguered cement company approved Rajputana Properties’ Rs 6,600 crore resolution plan on March 14 following the Dalmia Bharat controlled company being declared as the H1 bidder on February 27.
While SK Kapoor, the counsel for Dalmia Bharat, argued that UltraTech flouted the provisions of the IBC by submitting two resolution plans, one in February and another in March, Pratap Chatterjee, counsel for the CoC, argued
The Kolkata bench of the National Company Law Tribunal (NCLT) on Monday directed the Resolution Professional (RP) in the case of Rural Electrification Corporation versus Ferro Alloys Corporation to continue to manage the affa
Five operational creditors — Om Transport, Amit Road Lines, Meel Transport, Mahavir Transport and Sri Choudhary Road Lines — that had dragged Binani Industries, the promoter company of Binani Cement, to the Kolkata bench
The Kolkata bench of the National Company Law Tribunal (NCLT) has reserved the order for winding up the Kolkata-based railway PSU Burn Standard, although it has announced an insolvency resolution package of Rs 417 crore to pa
Narendra Modi's recent ride on a single engine sea plane from Sabarmati in Ahmedabad to Dharoi Dam in Mehsana of Gujarat, during the Gujarat Assembly polls, might just have given a big boost to the prospect of sea planes in t
West Bengal's 17 applications for setting the Centre's electronic National Agriculture Market (eNAM) is still pending with the union ministry of agriculture since the state has not brought the changes in the APMC Act, require