Quarterly global defaults reach highest level since 2020
With 44 defaults in the second quarter, the global default tally recorded its highest quarterly default tally since the fourth...
Year: 2023
Jet Airways lenders ask JKC to pay Rs 350 cr for transfer of ownership
The Jalan Kalrock Consortium (JKC) has to pay ₹350 crore by August 31 as a condition precedent to the transfer...
Delay in filing appeal under Section 42 of IBC can’t be condoned Suo Moto
Saurabh Gandhi Section 42 of the IBC states that a creditor may appeal to the Adjudicating Authority against the decision...
IVRCL liquidation process marred by delays, controversies
The IP registration of Sutanu Sinha, the liquidator of IVRCL Ltd, was recently suspended by the Insolvency and Bankruptcy Board...
EoI invited from prospective bidders of UNI; 31 Aug last date for submission
Resolution Professional Pooja Bahry has invited Expressions of Interest (EOI) from prospective resolution applicants to submit Resolution Plans for United...
Liquidation a legitimate means of resolution under IBC: MS Sahoo
Former chairman of Insolvency and Bankruptcy Board of India (IBBI) MS Sahoo has said that liquidation of a corporate debtor...
DGCA extends air operator certificate of Jet Airways
In a new lease of life to Jet Airways and its new promoters, the Directorate General of Civil Aviation (DGCA)...
46 lakh UB shares held by McDowell Holdings sold for Rs 678 crore
Resolution Professional of McDowell Holdings Ltd Konduru Prasanth Raju has informed the exchanges that the 46,28,452 investee shares of McDowell...
Lenders creating obstacles in revival of Jet Airways: Jalan Kalrock consortium
The Jalan Kalrock Consortium (JKC) told the National Company Law Appellate Tribunal (NCLAT) that they are ready to revive Jet...
Lenders approve BTL EPC resolution plan for McNally Bharat Engineering
The Committee of Creditors of McNally Bharat Engineering Company Limited has approved the resolution plan submitted by BTL EPC Ltd....