Lengthy process a major impediment in resolution of bad loan cases: Fitch
India’s lengthy legal processes remain a major impediment to the implementation of an effective framework for bankruptcy and resolution of...
Year: 2023
NCLT approves Vedanta’s Rs 1,440-cr resolution plan for Meenakshi Energy
The Hyderabad bench of the National Company Law Tribunal (NCLT) on 10 August approved the resolution plan submitted by Vedanta...
A lowdown on NARCL’s resolution plan for SREI Infrastructure Finance
The resolution plan submitted by National Asset Reconstruction Company Ltd (NARCL) for debt-ridden SREI Infrastructure Finance Ltd and SREI Equipment...
NCLT approves Rs 42.11 cr resolution plan for Innovative Tyres and Tubes
The NCLT has approved the Rs 42.11 crore resolution plan of Ten On Ten Rubtech Private Limited for Innovative Tyres...
Lokhandwala Kataria Constructions admitted for insolvency proceedings
The National Company Law Tribunal (NCLT) has admitted Lokhandwala Kataria Constructions Private Limited (LKCCPL) to the Corporate Insolvency Resolution Process...
Resolution professional Poonam Basak suspended for 3 years for undermining CIRP of Kings Electronics
The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of resolution professional...
NCLAT stays insolvency proceeding against Coffee Day Global
The National Company Law Appellate Tribunal (NCLAT) has stayed the Bengaluru bench of the NCLT verdict ordering initiation of corporate...
Sebi proposes changes in rules for mandatory bond market borrowing by large corporates
The Sebi has proposed several changes in the rules for mandatory borrowing by the large corporates (LCs) from bond markets....
NCLAT allows successful bidder of ARSS Infrastructure Projects to sweeten the deal
The National Company Law Appellate Tribunal (NCLAT) has set aside the Cuttack Bench of the NCLT order (on 18 April...
NeSL data shows Rs 14.63 lakh crore loan defaults as on 30 June 2023
The sole information utility entity – NeSL – has listed Rs 14.63 lakh crore total defaults as reported by various...