Ease of Doing Business: India’s high ranking in resolving insolvency belies ground realities
In the Ease of Doing Business (EoB) ranking, the one parameter where India has seen sharp improvement is in resolving...
Month: August 2020
No complete ban on IBC, says IBBI chairman MS Sahoo
The Insolvency Bankruptcy Board of India (IBBI) has done a very microscopic keyhole surgery under the Insolvency and Bankruptcy Code...
Anil Ambani now faces personal bankruptcy case
In a major development, the National Company Law Tribunal (NCLT) has paved the way for starting of individual insolvency proceedings...
ED finds resolution professional colluding with BPSL promoters
The Enforcement Directorate (ED), the agency that investigates money laundering cases in India, has found resolution professional MK Khandelwal involved...
Post-Ruchi Soya, Sebi rethinks exemptions given to listed CIRP companies
The unexpected surge in Ruchi Soya share prices post-acquisition by Patanjali Ayurveda Ltd has forced the Securities and Exchange Board...
Sharing financial details with Information Utility not mandatory for filing IBC application: HC
The Calcutta High Court has struck down an order passed by the Principal Bench of Delhi NCLT making it mandatory...
This is how India’s personal bankruptcy framework may look like
As Indian insolvency and bankruptcy authorities are getting ready to roll-out personal insolvency regulations, it only natural for the curiosity...
Insolvency law cannot escape Limitation Act, says Supreme Court
In a big setback to the insolvency and bankruptcy code (IBC) in the country, the Supreme Court in a major...
NCLAT dismisses home buyers’ insolvency plea against Ansal Properties
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of Delhi Bench of NCLT to initiate insolvency...
Third-party fraud allegation cannot be entertained under IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea keeping a particular a plot of land out of...