Future Retail insolvency process gets 90-day extension
The Mumbai bench of the NCLT has granted the exclusion of 90 days from the Corporate Insolvency Resolution Process (CIRP)...
Month: April 2023
NCLT approves Arcelor Mittal group’s Rs 890-cr resolution plan for Indian Steel Corporation
The Mumbai bench of NCLT has given its nod to the Rs 897-crore resolution plan of AM Mining India Private...
IBBI to conduct workshop for insolvency professionals on 19, 24 April 2023
The Insolvency and Bankruptcy Board of India (IBBI) is conducting Workshops on 19th April2023 and 24th April 2023, in Virtual...
Banks should not ‘earn’ interest on penalty levied on borrowers for non-compliance: RBI
In an important change in rules governing penal charges on loan accounts, the Reserve Bank of India (RBI) has said...
Success of IBC should be judged on number of resolutions not on amount recovered: IBBI Chairman
The success of Insolvency and Bankruptcy Code (IBC) should be evaluated based on the number of resolutions rather than the...
Resolution professional seeks access to ‘inaccessible’ stores, warehouses of Future Retail
The resolution professional for the corporate insolvency resolution process (CIRP) of Future Retail -- Vijay Kumar V Iyer – has...
Scourge of being identified as wilful defaulter, and the remedies
Being identified as a wilful defaulter has serious consequences for the borrower, both tangible and intangible. Ami Jain (in pic),...
Are non-serious bidders delaying insolvency resolution process?
When on looks at the list of prospective resolution applicants in several corporate insolvency resolution cases, one wonders why so...
Second round of auction for Reliance Capital deferred till 26 April
The second round of auctions for Reliance Capital has now been deferred to 26 April after the committee of creditors...
Securitisation volumes in Q4FY23 at Rs 61,000 cr: ICRA
ICRA estimates that securitisation volumes, originated largely by non-banking financial companies (NBFCs) and housing finance companies (HFCs), at Rs. 61,000...