Swan Energy makes Rs 50 cr upfront payment to Reliance Naval and Engineering lenders
The successful resolution applicant Swan Energy has made an upfront payment of Rs 50 crore to the lenders of Reliance...
Month: October 2023
NCLAT reverses NCLT order; approves resolution plan of Viceroy Hotels
The Chennai bench of National Company Appellate Law Tribunal (NCLAT) has approved Agro Farms Private Limited’s resolution plan for Hyderabad-based...
Litigation finance to be $57 bn market in India by 2035: LegalPay founder
Rising legal costs in India often lead to companies and litigants prematurely closing cases due to financial constraints. Legalpay, a...
Govt keeps aircrafts, helicopters out of ambit of moratorium under IBC
In a big move which could have bearings on the ongoing Go First CIRP, the Ministry of Corporate Affairs has...
IL&FS Group pays off Rs 35,650 crore debt; initiates dividend pay out of Rs 810 crore
IL&FS Group has discharged an aggregate debt of around Rs 35,650 crore by way of monetization of assets, auto debits...
Torrent moves SC against approval of Reliance Capital resolution plan
After its plea to stay the approval of Reliance Capital's resolution plan was rejected by the NCLT on 1 October,...
Voluntary participation in committee of creditors for faster corporate resolution
Should a financial creditor be given the option to not be the part of the committee of creditors (CoC)? In...
Indian insolvency laws not equipped to deal with bankruptcy of digital assets exchanges, investors
As digital assets or cryptos progressively gain popularity and usage, it is imperative to comprehend the potential implications of insolvency...
Future Retail stares at liquidation after CoC rejects Space Mantra’s offer
Future Retail is on the brink of liquidation after the committee of creditors (CoC) rejected the resolution plan submitted by...
Resolutions under IBC may touch 300 in FY24; ecosystem needs to be prepared to deal with 1,000: MCA secy
The number of resolutions of stressed assets under the insolvency law is expected to reach 300 this financial year, after...