Year: 2021

Audit of Insolvency Resolution Process Cost

NFRA’s suggestion to exempt MSMEs from statutory audit may prove a hurdle in insolvency resolution

The National Financial Reporting Authority (NFRA)'s consultation paper -- Statutory Audit and Auditing Standards for Micro, Small and Medium Companies...

Sintex Industries

RIL, Welspun Group among four to bid for Sintex Industries

Reliance Industries and Welspun Group are among the four companies which have bid for acquiring Sintex Industries Ltd, a company...

Committee of Creditors

IBBI, IIM-A invites research papers for international conference on insolvency

The Insolvency and Bankruptcy Board of India (IBBI) and Indian Institute of Management, Ahmedabad (IIMA) are jointly organising an international...

US Bankruptcy

US bankruptcy filings in November down 15%; Chapter 11 filings down 70%

The US bankruptcy filings in November 2021 at 29,325 filings across all chapters were down 15% from the 34,486 filings...

personal guarantor

480 insolvency cases filed so far against personal guarantors: Insolvency regulator

The provisions for insolvency resolution and bankruptcy relating to personal guarantors to corporate debtors came into force in December 2019....

Amtek Auto

Is the unending CIRP saga of Amtek Auto finally coming to a closure?

Would the Corporate Insolvency Resolution Process (CIRP) of Amtek Auto finally see the light of the day after the Supreme...

Resolution professional

GCCL Infra and Projects is first case under pre-packaged insolvency process

GCCL Infrastructure and Projects Limited becomes the first corporate debtor against which the Pre-Packaged Insolvency Resolution Process would initiate under...

Piramal acquires Kapil Wadhawan's DHFL

Piramal Enterprises completes acquisition of DHFL; fully pays off creditors

Piramal Enterprises Limited today announced the payment of consideration for the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL), marking the...

Jet Airways

Jet Airways to resume flights in Q1 2022

Jet Airways is all set to resume domestic operations in Q1 2022, according to the Jalan Kalrock Consortium, the successful...

More power to CoC

Govt approves appointment of 18 members of NCLT

Given the concerns over vacant posts in National Company Law Tribunal (NCLT), the appointments committee of the cabinet has approved...