NCLT approves resolution plan submitted by Kirloskar Ferrous Industries for Oliver Engineering
Kirloskar Ferrous Industries Limited (KFIL), one of the leading castings and pig iron manufacturers in India, has won the bid for...
Month: September 2023
Coffee Day Global settles IndusInd dues; insolvency proceedings suspended
The corporate insolvency resolution process (CIRP) of Coffee Day Global Limited, a material subsidiary of Coffee Day Enterprises, has been...
Litigation funder LegalPay closes Rs 12-crore interim financing bond
LegalPay, a litigation finance provider, has announced the successful closure of its Rs 12 crore Interim Financing Bonds. This innovative investment...
Commonly used IBC terms and jargons you should know
Insolvency and Bankruptcy Code is a relatively new law, and many of you, who regularly read our reports on insolvency...
Beyond UPI: Faster payment systems other countries are experimenting with
India’s Unified Payments Interface (UPI) is wining plaudits across the globe for revolutionising faster payments. The G20 Global Partnership for...
Goli Vada Pav to face insolvency proceedings after defaulting on Rs3.56 crore dues
Goli Vada Pav, the Mumbai-based fast food chain, will undergo corporate insolvency resolution process after the NCLT admitted an insolvency...
IBBI levies penalty on insolvency professional for wrong interpretation of IBC provisions
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a penalty of Rs. 1 lakh on insolvency professional Vishal...
Gujarat High Court stays insolvency proceedings against Rasna
The Gujarat High Court has stayed the order of the National Company Law Tribunal (NCLT) that directed the initiation of...
IATA blocks 2-letter designator code for bankrupt Go First
The International Air Transport Association (IATA) has blocked the two-letter designator code "G8" for Go First, a bankrupt Indian airline...
Rasna to undergo insolvency process for failing to pay Rs 71 lakh
The Rasna Private Ltd, the creator of the iconic Rasna brand of drinks, will undergo corporate insolvency resolution process (CIRP)...