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2 mins read
Real estate sector weighs on IBC but accounts for 18% of total realisations
The real estate sector has accounted for a significant portion of the total realisations under the …
2 mins read
NCLT approves ₹1,814 crore resolution plan for Lavasa: Darwin Platform winning bidder
In a 25-page order passed on Friday, the tribunal cleared the resolution plan at an investment o…
PTI
1 min read
NCLT reserves order on Go First's plea for insolvency resolution proceedings
The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go Fi…
PTI
1 min read
Reliance Capital resolution process completion deadline extended to July 16
NCLT Mumbai has extended Reliance Capital's resolution process deadline by 90 days to July 16. The …
2 mins read
Govt to amend insolvency law to reduce time taken for resolution process
The corporate affairs ministry's move to amend the law also comes against the backdrop of conce…
PTI
3 mins read
Financial creditors forego Rs 790.626 cr under insolvency resolution process: CARE Ratings
With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing…
3 mins read
Haircut on cases resolved through IBC not very encouraging, says Kotak report
Haircuts on cases resolved through the Insolvency and Bankruptcy Code (IBC) are still very high, ne…
2 mins read
NCLT to hear insolvency proceedings plea filed against SpiceJet next week
Aircraft lessor Aircastle (Ireland) Ltd has filed the petition against SpiceJet for initiating inso…
PTI
4 mins read
OPINION: How to make India’s bankruptcy resolution process faster and more efficient
However, as with all new regulations, the law takes its time to settle. Having said that there a…
3 mins read
IBC cases still below FY20 levels – report says this shows India Inc is ‘comfortably placed’
In yet another sign of the good health of corporate India, insolvency cases are still below FY20 le…
2 mins read
Coronavirus will hit IBC realisations by 30-40% as government suspends new proceedings
The outbreak of Covid-19 pandemic and the suspension of new proceedings under the Insolvency and Ba…
2 mins read
DHFL resolution: Oaktree cries foul, says persistent campaign to discredit its bid
Oaktree has told the Committee of Creditors (CoC) of Dewan Housing Finance Ltd (DHFL) that there ha…
2 mins read
NCLT grants 90 days extension to Future Retail for concluding insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate I…
PTI
1 min read
NCLT extends Reliance Capital resolution deadline to January 31, 2023
This is the third extension, as the timeline has been extended twice in the past. As per the …
1 min read
SBI hopes IBC timeline be adhered to in DHFL resolution
New Delhi, Nov 21 () A day after the Reserve Bank decided to refer crippled Dewan Housing Finance t…
PTI
1 min read
Torrent stalls Reliance Capital resolution process with an interim stay
Legal advisors, AZB & Partners for the administrator and Luthra & Luthra for the COC, ob…
2 mins read
India amends bankruptcy law to protect winning bidders from paying the price for sins of the previous promoter
The IBC (Second Amendment) Bill, 2019, is likely to be introduced in the current session of the…
PTI
1 min read
Liquidation of company under IBC some times better than resolution: NCLAT member
"Liquidation is throwing assets for an alternative use. It looks like that liquidation is a dirty w…
PTI
1 min read
IBC reduces resolution time to 340 days from 4.3 years earlier: Eco Survey
As per the survey, the government has been proactively addressing the issues that come up in imple…
PTI
2 mins read
Indian banks could have more than ₹10 lakh crore non-performing assets by March 2022
The gross non-performing assets (GNPAs) of banks are expected to cross ₹10 lakh crore by March 2022…