Net4India acquired by consortium led by Open Platforms for Rs 196 crore
India’s largest website domain company – Net4India – has been acquired by a consortium of Open Platforms Private Limited, Sudhanshu...
Year: 2023
Recovery rate for operational creditors stands at mere 24%: Study
The average recovery rate for financial creditors in corporate insolvency cases which ended in resolution is about 38.5%, while those...
76% increase in sales of resolved firms in 3 yrs since resolution: Study
An IIM Ahmedabad study shows those firms which have undergone resolution under Insolvency and Bankruptcy Code (IBC) have significantly improved...
ED arrests Maltese citizen in Moser Baer loan fraud case
Directorate of Enforcement (ED) on 22 August 2023 arrested Nitin Bhatnagar, a Maltese Citizen, for his involvement in the offence...
NCLT approves Ramkrishna Forgings Rs 125-cr resolution plan for JMT Auto
The New Delhi bench of NCLT has approved the Rs 125-crore resolution plan submitted by Ramkrishna Forgings Limited for the...
Anil Ambani firm Reliance Big to face insolvency proceedings
Reliance Big Pvt Ltd, an Anil Ambani group company, will face corporate insolvency resolution process (CIRP) after NCLT admitted the...
IBC should be used as last option for stressed real estate projects: Panel
Judicial interventions such as Insolvency and Bankruptcy Code (IBC) should be used only as a last resort in case of...
How will the role of insolvency professionals evolve in future
Despite its flaws, Insolvency and Bankruptcy Code (IBC) has made its mark and brought about sea changes in the creditor...
Chinese real estate firm Evergrande files Chapter 15 bankruptcy in US
Chinese real estate firm Evergrande, the world's most indebted property developer, has filed for Chapter 15 bankruptcy protection in the...
Wide range of valuation methodologies causing confusion: IBBI Chairman
There is a need for standardising valuation methodologies adopted to value corporate debtors undergoing corporate insolvency resolution process, says IBBI...