Is there a need for basic guidelines on fixing insolvency professionals’ fee?
The subjective nature of regulations governing the fee charged by insolvency professionals (IPs) often leads to undue scrutiny of IPs,...
Month: March 2021
ED files case against Era Infra CMD in a Rs-251 crore fund diversion case
Promoters of another company undergoing corporate insolvency resolution process have been found to be involved in diversion of bank loan....
NCLAT orders liquidation of KS Oils as NCLT ‘ignores’ creditors’ repeated petitions
In a scathing commentary on the failure of the National Company Law Tribunal (NCLT) to perform its role, the National...
SC dashes Gujarat NRE Coke promoter’s hope; bars him from proposing scheme of compromise during liquidation
The Supreme Court has dashed all hopes of Arun Kumar Jagatramka, the former promoter of Gujarat NRE Coke, of getting...
Why Orchid Pharma shares have jumped 7,346% since relisting on exchanges
The Orchid Pharma share prices have surged from 7,346% since their relisting on exchanges on 2 November 2020. The share...
SC paves way for Rekha Jhunjhunwala-led consortium to acquire Ricoh India
The Supreme Court of India has reinstated the resolution application submitted by the consortium of Kalpraj Dharamshi and Rekha Jhunjhunwala for Ricoh India. The...
UK govt extends ban on commercial evictions of businesses by three months
The UK government has extended the ban on commercial evictions of business owners -- many of whom have had to...
US bankruptcy commercial filings decline 45% in Feb; Chapter 11 filings drop 23%
Total US bankruptcy commercial filings in February 2021 decreased 45% over the same period last year, according to data provided...
“Liquidation of EPC companies yields catastrophic outcomes”
India cannot achieve its infrastructure ambitions if hundreds of EPC companies languish in insolvency. A virtual session on ‘Distressed Debt in...
SC excludes one year to 14 March ’21 for computing limitation period
The Supreme Court has ordered exclusion of period from 15 March 2020 to 14 March 2021 for computing limitation period...