Timeline for CIRP of Asian Hotels (West) extended by 90 days
The timeline for completion of the Corporate Insolvency Resolution Process (CIRP) of Asian Hotels (West) has been extended till 13...
Month: March 2023
Another extension of the last date for submission of EoI for Birla Tyres
The last date for submission of Expression of Interest (EoI) for Birla Tyres could be extended till 27 March 2023,...
Salient features of resolution plan OCL Iron and Steel
The Cuttack bench of the NCLT has approved the resolution plan by Indrani Patnaik for OCL Iron and Steel. The...
Welspun Group acquires Sintex-BAPL for Rs 1,251 crore
The National company Law Tribunal (NCLT) has approved the Rs 1,251 crore resolution plan submitted by Propel Consortium – a...
SC gives a go-ahead to second round of auction for Reliance Capital
The Supreme Court of India on Monday gave a major setback to Torrent Investments as it refused to stay NCLAT...
Ansal Properties invites EoI for Fernhill project; 29 March last date for submission of EoI
The Insolvency Resolution Professional (IRP) -- Ashwani Kumar Singla – has invited Expression of Interest (EoI) for Fernhill Project, Gurgaon,...
Swan Energy to delay upfront payment for Reliance Naval and Engineering
Swan Energy Limited (SEL), the successful resolution applicant for Reliance Naval and Engineering Ltd, has sought more time for the...
Chapter 7, 11, 13…all about US insolvency laws
There are several different chapters of the US Bankruptcy Code, each of which provides a different type of relief to...
Special features of insolvency laws in Cayman Islands
Cayman Islands, a well-known tax haven, accounts for a substantial amount of FDI in India. Many Indian promoters incorporate their...
GAIL (India) resolution plan for JBF Petrochemicals approved by NCLT
The Ahmedabad bench of the NCLT has given its nod to the resolution plan submitted by public sector GAIL (India)...