Why NCLT allowed new promoters take control of Jet Airways despite objections
Brushing aside doubts of Monitoring Committee and financial creditors, the Mumbai bench of the National Company Law Tribunal (NCLT) has...
Month: January 2023
Adani Goodhomes acquires Radius Estates and Developers for Rs 32 crore
The year 2023 may not have started in the best possible way for the Insolvency and Bankruptcy Code (IBC). The...
How Hindalco busted stage-managed insolvency resolution process of Hirakund Industrial Works
The National Company Law Appellate Tribunal (NCLAT) on the petition filed by Hindalco Industries busted a ‘stage-managed’ corporate insolvency resolution...
Reliance Capital CoC votes 100% in favour of second round of auction
The proposal to conduct a second round of auction in the Reliance Capital corporate insolvency resolution process (CIRP) has been...
12,825 pass CA Final exam; 41% of successful candidates girls
As many as 12,825 candidates have qualified in the CA Final examination, the results of which were announced on 10...
McNally Bharat Engineering has a new suitor as NCLAT allows Rashmi Metaliks to submit bid
The National Company Law Appellate Tribunal (NCLAT) has allowed Rashmi Metaliks Ltd to submit resolution plan by 11 January in...
NCLT performance in insolvency & bankruptcy cases
The delay in resolution of cases under the Insolvency and Bankruptcy Code, 2016 is often attributed to an understaffed National...
Reliance Capital lenders plan another round of auction; target more than Rs 10,000 bid price
The battle between Torrent and Hinduja group for the acquisition of Reliance Capital has taken a new turn as the...
Canada Consumer Debtor Profile based on consumer insolvency statistics in 2021
As part of the Canada government’s commitment to openness, accountability, and public engagement, the Office of Superintendent of Bankruptcy has...
Another Future Group company — Future Supply Chain Solutions — faces insolvency proceedings
Another Future Group company – Future Supply Chain Solutions – is now going to face insolvency resolution process after the...