IBC should be used as last option for stressed real estate projects: Panel
Judicial interventions such as Insolvency and Bankruptcy Code (IBC) should be used only as a last resort in case of...
Month: August 2023
How will the role of insolvency professionals evolve in future
Despite its flaws, Insolvency and Bankruptcy Code (IBC) has made its mark and brought about sea changes in the creditor...
Chinese real estate firm Evergrande files Chapter 15 bankruptcy in US
Chinese real estate firm Evergrande, the world's most indebted property developer, has filed for Chapter 15 bankruptcy protection in the...
Wide range of valuation methodologies causing confusion: IBBI Chairman
There is a need for standardising valuation methodologies adopted to value corporate debtors undergoing corporate insolvency resolution process, says IBBI...
Lengthy process a major impediment in resolution of bad loan cases: Fitch
India’s lengthy legal processes remain a major impediment to the implementation of an effective framework for bankruptcy and resolution of...
NCLT approves Vedanta’s Rs 1,440-cr resolution plan for Meenakshi Energy
The Hyderabad bench of the National Company Law Tribunal (NCLT) on 10 August approved the resolution plan submitted by Vedanta...
A lowdown on NARCL’s resolution plan for SREI Infrastructure Finance
The resolution plan submitted by National Asset Reconstruction Company Ltd (NARCL) for debt-ridden SREI Infrastructure Finance Ltd and SREI Equipment...
NCLT approves Rs 42.11 cr resolution plan for Innovative Tyres and Tubes
The NCLT has approved the Rs 42.11 crore resolution plan of Ten On Ten Rubtech Private Limited for Innovative Tyres...
Lokhandwala Kataria Constructions admitted for insolvency proceedings
The National Company Law Tribunal (NCLT) has admitted Lokhandwala Kataria Constructions Private Limited (LKCCPL) to the Corporate Insolvency Resolution Process...
Resolution professional Poonam Basak suspended for 3 years for undermining CIRP of Kings Electronics
The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of resolution professional...