Rethinking the Fast-Track Insolvency Resolution Process
The Insolvency and Bankruptcy Board of India (IBBI) has proposed changes in the Fast-Track Corporate Insolvency Resolution Process (FIRP) in...
Year: 2023
“Separate the process of approval of resolution plan and distribution of proceeds”
In order to avoid wastage of time due to objections about the distribution of proceeds raised when the resolution plan...
Proposal to allow insolvency process only against defaulting real estate projects, not entire company
In a big change proposed in the insolvency cases related to real estate companies, the insolvency regulator of the country...
Vedanta bid for Meenakshi Energy gets CoC nod
The resolution plan submitted by Vedanta Ltd has been approved by the committee of creditors (CoC) of Nellore, Andhra Pradesh-based...
Company insolvencies in UK rises 32% in Dec 2022
The number of registered company insolvencies in the UK in December 2022 was 1,964, which is 32% higher than in...
Gayatri Projects invites EoIs from prospective bidders; 29 Jan last date for submitting EoIs
Gayatri Projects, which is undergoing Corporate Insolvency Resolution process (CIRP), has invited Expression of Interest (EoI) from prospective bidders. The...
Avoidance transaction proceedings can go on even after CIRP is over: Supreme Court
In a landmark judgement, a two-judge bench of the Supreme Court has said that adjudication of an avoidance transaction application...
3-day online course on Evolving Paradigms of Insolvency and Bankruptcy Code, 2016 by NLU, Jodhpur
The Centre for Insolvency and Bankruptcy Studies, National Law University Jodhpur, is organising a Three-Day Online Certificate Course on ‘Evolving...
Doubts lenders of Jet Airways have about Kalrock consortium’s revival plans
The implementation of resolution plan for Jet Airways was being delayed by the Monitoring Committee, which comprises lenders and the...
Why NCLT allowed new promoters take control of Jet Airways despite objections
Brushing aside doubts of Monitoring Committee and financial creditors, the Mumbai bench of the National Company Law Tribunal (NCLT) has...