Year: 2023

IP Registration of Manish Gupta cencelled

Insolvency regulator cancels IP registration of Manish Gupta after repeated contraventions

The Insolvency and Bankruptcy Board of India (IBBI) has cancelled the insolvency professional registration of Manish Gupta (registration number: IBBI/IPA-001/IP-P01131/2018-19/11826)...

CIRP of personal guarantor

IBBI, ISB invite research papers for 3rd International Research Conference on insolvency and bankruptcy

As the IBC continues to evolve, it becomes imperative to delve deeper into its intricacies, exploring novel perspectives and insights...

Reliance Communications

Reliance Communications CIRP: NCLT allows substitution of resolution applicant

The National Company Law Tribunal (NCLT) has approved the substitution of UV Asset Reconstruction Company Limited (UVARCL) with its affiliate,...

Supreme Court

SC judgment in Celir LLP case to spur confidence in resolutions through SARFAESI: India Ratings

The recent judgment by the Supreme Court of India on the time-bound redemption rights of borrowers is advantageous for asset reconstruction...

Reliance Innoventures

IRDAI objects to Reliance General Insurance proposal to transfer 25% shared to Hindujas

In yet another setback to the Hinduja Group, the Insurance Regulatory and Development Authority of India (IRDAI) has objected to...

Talwalkars Better Value Fitness

Talwalkars Better Value Fitness assets on sale

Liquidator Gajesh Labhchand Jain has offered for sale the assets of Talwalkars Better Value Fitness. The auction for the fitness...

NARCL completes acquisition of SREI

NARCL completes acquisition of SREI Infra Finance & Equipment Finance

National Asset Reconstruction Company (NARCL) on 8th December 2023 signed documents for acquisition of the two SREI companies – SREI...

Sinnar Thermal Power

NCLT dismisses insolvency plea against Kerala State Electricity Board

The Insolvency and Bankruptcy Code (IBC) is not a recovery mechanism available to anyone with a claim exceeding the threshold...

Ushdev Engitech

Compulsorily Convertible Debentures are equity, not debt: Supreme Court

In a landmark decision, the Supreme Court has ruled that Compulsorily Convertible Debentures (CCDs) are to be treated as equity...

US chapter 11 filings

November commercial chapter 11 filings increase 141% in US

The bankruptcy filing by WeWork, Inc. in November propelled November commercial chapter 11 filings to 842, an increase of 141...