Rethinking the Fast-Track Insolvency Resolution Process
The Insolvency and Bankruptcy Board of India (IBBI) has proposed changes in the Fast-Track Corporate Insolvency Resolution Process (FIRP) in...
Day: January 18, 2023
“Separate the process of approval of resolution plan and distribution of proceeds”
In order to avoid wastage of time due to objections about the distribution of proceeds raised when the resolution plan...
Proposal to allow insolvency process only against defaulting real estate projects, not entire company
In a big change proposed in the insolvency cases related to real estate companies, the insolvency regulator of the country...
Vedanta bid for Meenakshi Energy gets CoC nod
The resolution plan submitted by Vedanta Ltd has been approved by the committee of creditors (CoC) of Nellore, Andhra Pradesh-based...