SC snubs UP police for arresting Jaypee Infratech IRP Anuj Jain; orders immediate release
The Supreme Court has chastised the UP police for arresting interim resolution professional Anuj Jain for arresting in a case...
Year: 2021
Ongoing winding-up proceedings not a deterrent against filing insolvency petitions: Supreme Court
Insolvency application either under Section 7 or Section 9 of the Insolvency and Bankruptcy Code is an independent proceeding which...
Insolvency petition against Indiabulls Real Estate up for hearing tomorrow
Will Indiabulls Real Estate Ltd, a premium real estate developer, again survive an insolvency petition moved by Golden Homeland, a...
January consumer insolvencies in Canada drop 36% Y-o-Y
The total number of insolvencies (bankruptcies and proposals) in Canada decreased by 3.7% in January 2021 compared to the previous month....
Pre-pack sales to face mandatory independent scrutiny in UK; govt puts out draft rules
The UK government has put out draft regulations in Parliament which implement the requirement for mandatory independent scrutiny of pre-pack...
Fee for Limited Insolvency Examination, valuers exam hiked from Rs 1,500 to Rs 1,770
The Insolvency and Bankruptcy Board of India (IBBI) has revised the fee for Limited Insolvency Examination and Valuation Examinations from...
Here is why NCLT denies Jet Airways employees copy of resolution plan
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed several petitions filed by Jet Airways employees seeking...
SC foils another attempt of Deccan Value Investors to wriggle out of Amtek Auto insolvency case
Deccan Value Investors (DVI) attempts to wriggle out of the Amtek Auto corporate insolvency resolution process (CIRP) has faced another...
NCLT can either admit or reject an insolvency petition; it has no third option, says NCLAT
Under the insolvency and Bankruptcy Code (IBC), the adjudicating authority has only two options, either to admit an insolvency application...
Manpasand Beverages faces flurry of insolvency petitions as losses mount, sales sink
Manpasand Beverages is facing a flurry of insolvency petitions even as losses continue to mount for the Vadodara, Gujarat-based manufacture...