IBC
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
Founders Of Sinking Companies Dragged To Tribunals For <span Class='webrupee'>₹</span>1 Tn
World - Published date: .
In the April-June period of FY23, 123 cases of personal guarantors ended up in tribunals Read more
Srei's Hemant Kanoria To Challenge Report Alleging Fraud At Group Firm
Banking - Published date: .
Transaction auditor's methodology 'opaque' and legal fight over it could derail resolution process, say sources close to... Read more
Future Group Hasn't Made Disclosures To Stock Exchanges, Says Amazon
Banking - Published date: .
While arguing in the case, Amazon asked why Future did not inform the Supreme Court about the termination notice it rece... Read more
NCLT Order On Initiating Insolvency Proceedings Against RCap This Evening
Banking - Published date: .
The RBI had moved NCLT last week to initiate insolvency proceedings against the company. Read more
McLeod Russel Steps Out Of Insolvency After Settlement With Creditor
Banking - Published date: .
Sources say offer has been made to P P Gupta of Techno Electric for a minority stake in the firm, who could chip in to h... 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
NCLAT Refuses To Stay Piramal Group's Resolution Plan For DHFL
Banking - Published date: .
A two-member bench presiding over the case said, "We do not think that any interim order as sought with regard to ... Read more
IBBI Upholds Resolution Professionals' Independence Under Pre-pack Schemes
Banking - Published date: .
In regulations issued on the Ordinance on pre-pack resolution, the IBBI said an insolvency professional can be appointed... Read more
Successful Resolution Applicants Cannot Be Allowed To Withdraw Offer: NCLAT
Banking - Published date: .
A three-member NCLAT bench said the sanctity of resolution process has to be maintained and such withdrawal by a success... Read more
Supreme Court Rejects SBI Plea For Resuming IBC Case Against Anil Ambani
Banking - Published date: .
The case is among the first high-profile ones after rules were set for personal bankruptcy last year Read more
Suspension Of Some IBC Provisions Aimed At Rescuing Viable Companies: Sahoo
Banking - Published date: .
IBBI said that some IBC provisions were suspended due to the Covid-19 situation and there is no complete ban or prohibit... Read more
NCLAT Sets Aside Insolvency Proceedings Against Ansal Properties And Infra
Banking - Published date: .
A three-member NCLAT bench observed that a decree-holder cannot be treated as financial creditor for the purpose of trig... Read more