IBBI for higher involvement of stakeholders’ consultation committee in liquidation process
The Insolvency and Bankruptcy Board of India (IBBI) has come up with a number of proposals to increase the involvement...
Month: October 2023
An analysis of State Tax Officer vs Rainbow Papers Limited verdict
In the case of State Tax Officer (1) v. Rainbow Papers Limited (Rainbow Papers), the Supreme Court has provided its...
Ex-promoter offers Rs 5,847 cr to regain control of Coastal Energen
The existing owners of Coastal Energen, Mutiara & Precious Energy Holdings, have offered to pay a total of Rs 5,847...
ED attaches Rs 70.39 cr assets of Kapil, Dheeraj Wadhawan in DHFL bank fraud case
The Enforcement Directorate (ED) has provisionally attached assets worth Rs. 70.39 crore belonging to Kapil Wadhawan and Dheeraj Wadhawan in...
NCLT allows withdrawal of insolvency petition against Bajaj Hindusthan
The NCLT has allowed the withdrawal of insolvency petition filed by State Bank of India (SBI) against Bajaj Hindusthan Sugar....
Why is J&J considering filing bankruptcy in US?
Johnson & Johnson (J&J) is considering filing bankruptcy for a third time to resolve the thousands of lawsuits alleging that...
Commercial bankruptcy filings in US increase 61% in first 9 mnths of 2023
Commercial bankruptcies in the United States increased 61% in the first nine months of 2023, compared to the same period...
ABI’s 40-Under-40 US insolvency professionals
American Bankruptcy Institute (ABI) announces the honorees of its 2023 40-Under-40 award program, which identifies 40 top insolvency professionals under...
Insolvency professionals may be allowed to undertake 10 assignments at a time
The Insolvency and Bankruptcy Board of India (IBBI) proposes to increase the number of assignments an individual insolvency professional can...
Himadri Speciality, Dalmia Bharat Refractories to acquire Birla Tyres for Rs 347 crore
The Kolkata Bench of the NCLT has approved the Rs 347 crore resolution plan jointly submitted by Himadri Speciality Chemical...