Is Adjudicating Authority bound by recommendations of resolution professional?
Khushboo Sai Khurana Is Adjudicating Authority bound by the recommendations of Resolution Professional (RP) made under section 99 of IBC,...
Year: 2023
Supreme Court says borrowers must be heard before declaring them fraud
The Supreme Court of India in a very important verdict has said that the principles of natural justice demand that...
Second round of auction for Reliance Capital on 2 April
In a glimmer of hope for Reliance Capital lenders and other stakeholders, the second round of auction might see the...
Reliance Capital stares at liquidation as lenders pull out auction process
Reliance Capital is staring at liquidation after all the bidders have shown reluctance to go ahead with the next round...
Fresh bids invited for Future Retail; 7 April last date for submitting EoIs
After failing to receive any resolution plans despite multiple extension of dates for submission of expression of interest (the last...
Govt-owned SAIL-SCL Kerala to face insolvency proceedings
SAIL-SCL Kerala, a 50-50 joint venture between Central government-owned Steel Authority of India Ltd (SAIL) and the government of Kerala,...
Timeline for CIRP of Asian Hotels (West) extended by 90 days
The timeline for completion of the Corporate Insolvency Resolution Process (CIRP) of Asian Hotels (West) has been extended till 13...
Another extension of the last date for submission of EoI for Birla Tyres
The last date for submission of Expression of Interest (EoI) for Birla Tyres could be extended till 27 March 2023,...
Salient features of resolution plan OCL Iron and Steel
The Cuttack bench of the NCLT has approved the resolution plan by Indrani Patnaik for OCL Iron and Steel. The...
Welspun Group acquires Sintex-BAPL for Rs 1,251 crore
The National company Law Tribunal (NCLT) has approved the Rs 1,251 crore resolution plan submitted by Propel Consortium – a...