Stressed steel plants acquired via IBC seeing faster turnaround: Crisil
Stressed steel plants, acquired under the Insolvency and Bankruptcy Code (IBC) resolution process are seeing faster returns. Despite pandemic-linked blips,...
Year: 2021
Confusion over treatment of margin money provided by corporate debtor for bank guarantee
By Arvind Mangla Following are the excerpts of various judgements of NCLT/NCLAT, on treatment of Margin Money provided by corporate...
India Ratings downgrades IRB Infra outlook from stable to negative
India Ratings and Research has revised IRB Infrastructure Developers Limited’s (IRB Infra) outlook to Negative from Stable while affirming its Long-Term Issuer...
Can Kohinoor Foods survive flurry of insolvency petitions filed against it?
Can Kohinoor Foods survive the flurry insolvency proceedings initiated against it by both financial as well as operational creditors? The...
IRP/RPs can appoint any professional for assistance in insolvency proceedings
A resolution professional conducting corporate insolvency resolution process (CIRP) will have to disclose all former names and registered office address(es)...
NCLAT stays implementation of Videocon resolution plan
In a setback to the resolution process of Videocon Industries and other group companies, the National Company Law Appellate Tribunal...
Sebi proposes new rating system for infrastructure projects
The Securities and Exchange Board of India (Sebi) has envisaged a new rating system for projects and instruments associated with...
PSU banks recover another Rs 792 crore from Vijay Mallya
Public Sector Banks defrauded by ‘fugitive’ businessmen Vijay Mallya, Nirav Modi and Mehul Choksi continue to recover a part of...
Gammon Engineers and Contractors to face insolvency proceedings for failing to pay Rs 94 lakh
Gammon Engineers and Contractors Pvt Ltd, one of India’s most well-known civil engineering construction companies, will have to undergo corporate...
Jyoti Structures road to recovery
Jyoti Structures, which was acquired by Sharad Sanghi along with other NRI investors, has formally become a 100% public listed...