Videocon Group assets valued without site visits, finds insolvency regulator
Did the registered valuer -- RBSA Valuation Advisors LLP – prepare the valuation report of Videocon Group companies without the...
Month: February 2023
Sagar Cements’ Rs 767-crore bid for Andhra Cements approved by NCLT
The Amravati bench of the NCLT has approved of the Rs 767-crore resolution plan submitted by Sagar Cements Limited for...
Creditors have taken 70% haircuts in 612 resolved cases under IBC so far
Financial creditors realised Rs 2.53 lakh crore from the 612 cases of resolution under the Insolvency and Bankruptcy Code, translating...
Lenders nod to NARCL bid for Srei Infrastructure Finance, Srei Equipment Finance
The National Asset Reconstruction Co. Ltd (NARCL) has emerged the successful bidder for two Srei Group firms – SREI Infrastructure...
Insolvency proceedings begin against Mcleod Russel
Mcleod Russel India, the Kolkata-based tea plantation company, has now gone into insolvency after the Kolkata Bench of the National...
NCLT admits insolvency plea against Zee Learn
The Mumbai bench of the National Company Law Tribunal has admitted the insolvency petition against Zee Learn, a school education...
Commercial Chapter 11 bankruptcy filings in US increase 70% in January
Bankruptcy new filings were up year-over-year across Chapter 7, 11, 13, and 15 in January 2023, according to data provided...
Rolta India creditors submits claims of over Rs 10,000 crore
The lenders of Rolta India have submitted claims of Rs 10,095 crore as of now. The claims have been submitted...
NCLT approves Rs 3,651-crore joint bid by Reliance Industries, ACRE for Sintex Industries
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the Rs 3,651-crore resolution plan submitted jointly by...
Important Sections of Insolvency and Bankruptcy Code (IBC), 2016
Here are some of the most important sections of the IBC, 2016: Section 7: This section provides for the initiation...