Delinquency in small-ticket personal loans grows by 120 bps in June quarter: TransUnion Cibil
India’s retail credit market continued to show sustained growth during Q2 2023, with consumption-led demand driving the need for credit....
Month: November 2023
Right of payment to dissenting FCs holding security interest
The cases of: (a) Small Industries Development Bank of India v. Vivek Raheja & Others (Vivek Raheja); (b) Union Bank...
NCLT rejects insolvency petition against Dilip Buildcon
The Indore Bench of the National Company Law Tribunal (NCLT) has rejected an insolvency application filed against Bhopal-based EPC firm...
Taking stock of pre-pack insolvency cases so far
Pre-pack insolvency was notified in April 2021, and since then only eight applications have been filed to initiate pre-pack insolvency,...
Debt recovery agents vs litigation financing: Evaluating their effectiveness in India
In the complex world of financial services, debt recovery is a crucial challenge for banks and institutions. Two main solutions...
NCLT approves IOCL’s Rs 148-crore resolution plan for Mercator Petroleum
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Rs 148-crore resolution plan by government-owned Indian...
‘Jaypee Kensington judgement is not in consonance with principles of IBC’
While the Supreme Court in Jaypee Kensington Boulevard Apartments Welfare Association & Others v. NBCC (India) Ltd. & Others (Jaypee...
ED attaches Rs 538-cr assets of Jet Airways founder chairman Naresh Goyal
Directorate of Enforcement (ED) has provisionally attached properties worth Rs 538.05 crore under the provisions of Prevention of Money Laundering...