NCLT approves Rs 301 crore resolution plan for Kolkata-based Sarga Hotel
The NCLT has approved Rs 301-crore resolution plan submitted by Shri Ram Multicom Private Limited for Sarga Hotel. Kolkata-based Sarga...
Month: January 2024
Post-CIRP firms show better corporate governance: Finance Ministry
The firms undergoing the corporate insolvency resolution process have witnessed a significant improvement in their performance in the post-resolution period,...
Discount broking firm Samco Securities to face insolvency proceedings
Discount broking firm Samco Securities will face corporate insolvency resolution process after the NCLT admitted the insolvency petition filed by...
Punj Lloyd liquidation period extended by six months to 30 June’24
EPC company Punj Lloyd on 26th January 2024 said that that the National Company Law Tribunal (NCLT) has granted a...
SBI removes fraud tag from Religare Finvest after high court order
In a significant development, the State Bank of India (SBI), one of the lenders of Religare Finvest Limited (RFL), has...
Jet Airways insolvency: SC asks JKC to deposit Rs 150 crore by 31 January
The Supreme Court on 18 January 2024 directed Jalan-Kalrock Consortium (JKC) to deposit Rs 150 crore by 31 January in...
Insolvency set-off is neither automatic nor self-executing under IBC: SC
The Supreme Court in a recent judgement rejected telecom firm Bharti Airtel’s appeal against an NCLAT order dated 17 May...
Syllabus of valuation examination for asset class — land and building
The Insolvency and Bankruptcy Board of India has publishes the syllabus, format, and frequency of the Valuation Examination for the...
Absence of vibrant market for stressed assets an impediment for successful resolution plan: RBI governor
The absence of a vibrant market for stressed assets in the country is one of the major impediments for implementing...
RBI governor reaffirms primacy of financial creditors over operational creditors in IBC
RBI governor Shaktikanta Das has reaffirmed the primacy of financial creditor in the Insolvency and bankruptcy process. In his keynote...