ICAI proposes special measures for insolvency resolution of defunct companies
ICAI has suggested implementation of specialized measures to the challenges posed by defunct companies in the corporate insolvency resolution process...
Month: May 2025
18 ARCs in race for stressed loans of Sahara Hospitality: Report
As many as 18 asset reconstruction companies (ARCs) have submitted expressions of interest (EoIs) to acquire the ₹1,728.58 crore stressed...
ICAI suggests key reforms to improve IBC effectiveness
The Institute of Chartered Accountants of India (ICAI) has proposed a series of strategic reforms to strengthen the Insolvency and...
40 insolvency resolution cases which resulted in 100% recovery
The Insolvency and Bankruptcy Code (IBC), 2016, has achieved a remarkable milestone with 40 corporate insolvency resolution processes (CIRPs) yielding 100% recovery of admitted...
NCLAT upholds order dismissing insolvency proceedings against PepsiCo India
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by SNJ Synthetics Limited against an order by...
NCLT gives nod to initiation of insolvency proceedings against GVK Energy
The National Company Law Tribunal (NCLT), Hyderabad Bench, on Wednesday initiated insolvency proceedings against GVK Energy Limited, a corporate guarantor...
Insolvency petition filed against Reliance Home Finance
Reliance Home Finance, once owned by Anil Ambani, is staring at insolvency proceedings after a financial creditor, Invent Assets Securitisation...
What went wrong: A relook at Bhushan Power and Steel Limited insolvency process
As the Supreme Court rejected the resolution plan of JSW Steel for Bhushan Power and Steel Limited (BPSL) almost six...
SC quashes Bhushan Power and Steel resolution; orders liquidation
In a decisive verdict that underscores the sanctity of India’s insolvency framework, the Supreme Court on Friday quashed JSW Steel’s...
Case study: Innoventive Industries Vs ICICI Bank
The case involved an appeal concerning the Insolvency and Bankruptcy Code of 2016. The appellant, Innoventive Industries Ltd., faced losses...