Can a corporate debtor file insolvency petition against another? Yes, says NCLAT
Can a company, against which an insolvency proceeding is undergoing, file insolvency application against another? In an order dismissing a...
Year: 2021
Nithia Capital and CarVal complete acquisition of Uttam Galva Metallics, Uttam Value Steel
Nithia Capital, a global distressed alternative asset manager and advisors, and CarVal Investors, a global alternative investment manager focused on...
Regulator red-flags actions of IP Anil Goel again; lets him off with warning
Insolvency professional Anil Goel, who earlier also had a brush with the insolvency law, was once again under the insolvency...
Insolvency Professional must keep records of CIRP safe for 8 years
An Insolvency Professional (IP) should preserve copies of records generated in electronic form for a minimum period of eight years,...
Australia rolls back changes in insolvency laws triggered by Covid-19 from 1 January
Even as India extended the suspension of Insolvency and Bankruptcy Code till March 2021, many countries have started rolling back...
Sintex Plastics settles vendor’s dues; may escape insolvency proceedings
Sintex Plastics Technology, the Kalol, Gujarat-based listed company, has reached a settlement with operational creditor Zielen Industries Private Ltd and...
GlaxoSmithKline escapes insolvency proceedings by clearing Rs 8 lakh due
The regulator and policy-makers alike have time and again reiterated that the Insolvency and Bankruptcy Code (IBC) is not a...
CBI files Rs 3,269-crore bank fraud case against Shakti Bhog Foods
The Central Bureau of Investigation (CBI) has registered a case of bank fraud against New Delhi-based Shakti Bhog Foods on...
Customers accounting for 40% loans opted for moratorium, says RBI report
PSBs: Public Sector Banks, PVBs: Pvt Banks; FBs: Foreign Banks; SFBs: Small Finance Banks; UCBs: Urban Co-operative Banks; NBFCs: Non-banking...