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...
Month: August 2023
NCLAT stays insolvency proceeding against Coffee Day Global
The National Company Law Appellate Tribunal (NCLAT) has stayed the Bengaluru bench of the NCLT verdict ordering initiation of corporate...
Sebi proposes changes in rules for mandatory bond market borrowing by large corporates
The Sebi has proposed several changes in the rules for mandatory borrowing by the large corporates (LCs) from bond markets....
NCLAT allows successful bidder of ARSS Infrastructure Projects to sweeten the deal
The National Company Law Appellate Tribunal (NCLAT) has set aside the Cuttack Bench of the NCLT order (on 18 April...
NeSL data shows Rs 14.63 lakh crore loan defaults as on 30 June 2023
The sole information utility entity – NeSL – has listed Rs 14.63 lakh crore total defaults as reported by various...
Quarterly global defaults reach highest level since 2020
With 44 defaults in the second quarter, the global default tally recorded its highest quarterly default tally since the fourth...
Jet Airways lenders ask JKC to pay Rs 350 cr for transfer of ownership
The Jalan Kalrock Consortium (JKC) has to pay ₹350 crore by August 31 as a condition precedent to the transfer...
Delay in filing appeal under Section 42 of IBC can’t be condoned Suo Moto
Saurabh Gandhi Section 42 of the IBC states that a creditor may appeal to the Adjudicating Authority against the decision...
IVRCL liquidation process marred by delays, controversies
The IP registration of Sutanu Sinha, the liquidator of IVRCL Ltd, was recently suspended by the Insolvency and Bankruptcy Board...
EoI invited from prospective bidders of UNI; 31 Aug last date for submission
Resolution Professional Pooja Bahry has invited Expressions of Interest (EOI) from prospective resolution applicants to submit Resolution Plans for United...