Commercial Chapter 11 bankruptcy filings in US increase 70% in January
Bankruptcy new filings were up year-over-year across Chapter 7, 11, 13, and 15 in January 2023, according to data provided...
Year: 2023
Rolta India creditors submits claims of over Rs 10,000 crore
The lenders of Rolta India have submitted claims of Rs 10,095 crore as of now. The claims have been submitted...
NCLT approves Rs 3,651-crore joint bid by Reliance Industries, ACRE for Sintex Industries
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the Rs 3,651-crore resolution plan submitted jointly by...
Important Sections of Insolvency and Bankruptcy Code (IBC), 2016
Here are some of the most important sections of the IBC, 2016: Section 7: This section provides for the initiation...
What happened when we asked ChatGPT about landmark judgements in the IBC space…
So, we asked ChatGPT about the landmark judgements under the Insolvency and Bankruptcy Code regime, and it came up with...
Hinduja Group moves NCLAT in support of 2nd round of auction in Reliance Capital CIRP
Hinduja group’s IIHL has filed an appeal with the NCLAT supporting the second round of auction for Reliance Capital. Hinduja...
Alok Industries Q3 numbers fail to impress; accumulated losses at Rs 21,000 crore
Alok Industries, which underwent a corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) and the resolution process...
NCLAT dismisses insolvency regulator’s plea in GTL Infrastructure CIRP case
The National Company Law Appellate Tribunal (NCLAT) dismisses a plea filed by the insolvency regulator -- Insolvency and Bankruptcy Board...
IBC, pre-packed insolvency…govt lists measures to tackle problem of NPAs
The Minister of State for finance Bhagwat Karad has informed parliament that fresh slippages to NPAs as percentage of opening...
NCLAT notice to Torrent Investments over 2nd round of auctions in Reliance Capital CIRP
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notices to Torrent Investments and other respondents on a petition...