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...
Year: 2021
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...
SC stays termination of power purchasing agreement by Gujarat Urja Vikas Nigam Ltd on grounds of insolvency
In an important judgment, the Supreme Court has said that the NCLT/NCLAT had correctly stayed the termination of the Power...
How women insolvency professionals have fared in IBC: An analysis in numbers
Clockwise from top left: Mamta Binani, Charu Desai and Vandana Garg How have women insolvency professionals (IPs) fared in the...
“Women naturally possess qualities required to be successful insolvency professionals”
As head of the Centre for Insolvency and Bankruptcy, Indian Institute of Corporate Affairs, Dr Neeti Shikha is in charge...
Resolution of DHFL’s distress: A shot in the arm for IBC financial services provider’s rules
Anchal Jindal, Senior Associate, Areion Group By Anchal Jindal The resolution of insolvency crisis of Dewan Housing Finance Corporation Limited...
First step to efficient asset recovery: Adopting correct method for establishing fair market Value
By Sharad Sharma An asset recovery professional has an exciting routine. He may have a regular job yet he is...