Economic Survey explains the need for bad bank
Many experts have wondered what was the need for the government-backed asset reconstruction company – National Asset Reconstruction Company Ltd...
Month: January 2022
NCLT approves Rishikunj Vincom’s resolution plan for Narayani Steels Limited
The Kolkata bench of National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Rishikunj Vincom Private Limited...
Bad Bank finally gets all regulatory approvals; Rs 50,000 cr bad loans to be transferred in phase I
The Bad Bank is finally becoming a reality after much regulatory delays. All requisite approvals for setting up of National...
Piramal Group says NCLAT order not to affect DHFL acquisition; to contest order in apex court
Piramal Group in a statement on 28 January 2022 said that the NCLAT order on DHFL resolution is limited to...
NCLAT asks CoC to reconsider avoidance transaction terms of DHFL resolution plan
The National Company Law Appellate Tribunal (NCLAT) has asked the Committee of Creditors of DHFL to reconsider the term in...
Future Retail moves SC against lenders; here’s the gist of the petition
Facing insolvency and bankruptcy proceedings as it is unbale to repay Rs 3,500 crores for bank liabilities due up to...
Apex Court allows resolution plan of MBL Infrastructure despite Section 29A breach
The Supreme Court of India has rejected an appeal by dissenting creditors of MBL Infrastructure to quash an NCLT order...
NLU-Delhi organises International Insolvency & Bankruptcy Moot Competition from 1st-3rd April
The Centre for Transnational Commercial Law at The National Law University, Delhi, supported by the Insolvency and Bankruptcy Board of...
Securitisation volume growth slows to 8% in third quarter in India
Securitisation volume for the third quarter grew ~8% on year to ~Rs 29,000 crore, lifting the cumulative value of deals...
US bankruptcy filings fall 24% in 2021
Total US bankruptcy filings during calendar year 2021 decreased 24% from 2020 amid stabilization measures and lender forbearance in response...