Year: 2020

Supreme Court judgement on The Sandesara brothers

Winding up proceeding transferable to NCLT until it has reached the stage of irreversibility, says Supreme Court

The Supreme Court of India has recently said in a judgement that a winding up proceeding pending before the High...

US Bankruptcies

US bankruptcies see sharp decline in Nov; both commercial, consumer filings drop 39%

On the back of government relief programmes and moratoriums, the US commercial and consumer bankruptcy filings have seen sharp year-on-year...

Landmark Judgements

SRS Limited assets up for sale through e-auction on 15 December

e-auction of assets of SRS Limited will be held from 11:00 am to 4:00 pm on 15 December 2020. The...

Regulatory Fees

RBI issues FAQs on Resolution Framework for Covid-19 related stress

1. In Paragraph 4 of the Annex to the Resolution Framework, it is stated that the reference date for the...

Banks' exposure to NBFCs

Global banking Industry may lose $3.7 trillion revenue in Covid aftermath, says Mckinsey report

The global banking industry will witness $3.7 trillion revenue loss between 2020 and 2024 amid muted global recovery in the...

Videocon Group

Creditors not too keen on Videocon Group promoter’s full-payment proposal

Venugopal Dhoot, the promoter of Videocon Group, had recently offered to pay the full outstanding amount of Rs 31,000 crore...

Kapil Wadhawan of DHFL

Ex-promoter Kapil Wadhawan alleges 63 Moons of derailing DHFL’s resolution process

Ex-promoter Kapil Wadhawan has alleged that Jignesh Shah-owned 63 Moons Technologies Ltd is trying to derail the insolvency resolution process...

Liquidation process

IBBI to conduct workshop for insolvency professionals on 14 Dec 2020

IBBI is conducting Online Advanced Workshop for insolvency professionals on “Analysis of Financial Statements of CDs and Their Personal Guarantors” on 14th December, 2020...

Bharati Defence Infrastructure Ltd

NCLT asked to deliver final verdict on Bharati Defence & Infrastructure liquidation case within a week

The National Company law Appellate Tribunal (NCLAT) has asked the Mumbai Bench of the National Company law Tribunal (NCLT) to...