“The company was always my passion”, says Kishore Biyani while stepping down as chairman of Future Retail
“The company was always my passion, and I have done everything in my power for its growth,” says an emotional...
Month: January 2023
Bombay HC erred by not questioning fairness of the decision to write off Yes Bank AT1 bonds
Two young scholars -- Harsh Vardhan & Bhargavi Zaveri Shah – question the Bombay High Court’s decision not to question...
Global Insolvency Practice Course 2022-23 starts with enrolment by 28 Feb 2023
The Global Insolvency Practice Programme for 2022/23 starts with enrolment by 28 February 2023 (enrolments opened on 15 July 2022,...
Ramkrishna Forgings emerges successful bidder for JMT Auto
Ramkrishna Forgings Ltd has emerged as the successful bidder for JMT Auto Ltd, an Amtek Auto group company. The CoC...
Reliance Communications headquarter likely to come up for sale
The headquarter of Reliance Communications will soon come up for sale. The erstwhile Anil Ambani group company has informed the...
Rolta India is back in insolvency court, this time for defaulting on a payment of Rs 1,413 crore
After multiple failed attempts earlier, Rolta India will again face insolvency proceedings after the latest insolvency application filed by Union...
SARFAESI: Uncertain landscape for auction purchasers & asymmetric information
Presently lenders have SARFAESI as one of the main recovery channels. Govt inserted Section 26E “Notwithstanding anything, debts of secured...
NCLAT nixes attempts of Shyam Sel and Power to revise resolution plan for Mittal Corp
In a case that appears to be like that of the Reliance Capital corporate insolvency resolution plan (CIRP), the National...
Govt panel not in favour of group insolvency for financial service providers
A government appointed panel has recommended keeping financial service providers out of the group insolvency framework, a report on which...
Summary of changes proposed in insolvency laws
To strengthen the functioning of the IBC, changes to the Code are being considered in relation to the admission of...