RBI issues FAQs on circular regarding settlement with wilful defaulters
After the outrage over its new circular over compromise settlement with wilful defaulters, the Reserve Bank of India (RBI) has...
Month: June 2023
US corporate bankruptcies tick up in May; YTD total highest since 2010
US corporate bankruptcies crept higher in May over the prior month as higher interest rates and a slowing economy are...
Axis Bank vs Vidarbha Industries: A cursory look at SC judgment
In the case of Axis Bank Ltd. v. Vidarbha Industries Power Limited, the Supreme Court of India held that the...
Govt excludes certain obligations from moratorium provisions of IBC
The government has changed the moratorium provisions under Section 14 of the Insolvency and Bankruptcy Code (IBC) to exclude certain...
NCLT approves Rs 43-cr resolution plan of Amrutha Constructions for Galada Power and Telecommunication
The Hyderabad bench of the NCLT has approved the Rs 43-crore resolution plan submitted by Amrutha Constructions Private Limited for...
NCLT approves Rs 140-cr resolution plan by Ace Infracity Developers for Three C Homes
The New Delhi bench of the National Company Law Tribunal (NCLT) has approved the Rs 140 crore resolution plan submitted...
Only one resolution applicant for Ansal Properties Ferhill Project
Only one resolution plan has been submitted for Fernhill Project, a Gurgaon-based housing project of Ansal Properties and Infrastructure. A...
NCLT rejects resolution plan for Viceroy Hotels; orders invitation of fresh EOIs
The Hyderabad bench of the National Company Law Tribunal (NCLT) has rejected the Rs 168.5 crore resolution plan submitted by...
IBBI releases guidelines for selection of panel of insolvency professionals
The Insolvency and Bankruptcy Board of India (IBBI), the insolvency regulator, has sought expression of interest from insolvency professionals by...
Regulatory framework for compromise settlements, technical write-offs
The Reserve Bank of India (RBI) has proposed to issue a comprehensive regulatory framework governing compromise settlements and technical write-offs...