Why NCLT rejected one-time settlement proposal of Siva Industries promoter
The Chennai bench of the National Company Law Tribunal (NCLT) has cancelled the one-time settlement under section 12A of the...
InsolvencyT
HDIL on the verge of liquidation; homebuyers left high and dry
Housing Development and Infrastructure Ltd (HDIL), the Mumbai-based real estate company undergoing corporate insolvency resolution process (CIRP), is on the...
Essel Group chairman Subhash Chandra says 91% debt settled with lenders
Essel Group chairman Subhash Chandra has revealed that over 91% of the debt has been settled to 43 lenders, and...
Parliamentary committee recommends threshold for haircuts, code of conduct for CoCs under IBC
The parliamentary standing committee on Finance has expressed its concern over low recovery rates under the Insolvency and Bankruptcy Code...
Former promoter moves NCLAT against Twinstar’s bid for Videocon
Venugopal Dhoot, former promoter of the Videocon Group, has moved the National Company Appellate Tribunal (NCLAT) against the approval of...
IP agencies can now levy monetary penalty on insolvency professionals
The Insolvency and Bankruptcy Board of India (IBBI), the insolvency regulator, has allowed the Disciplinary Committee of an Insolvency Professional...
SIDBI-CIBIL Report says credit disbursal to MSMEs rose by Rs 2.7 lakh cr in FY21
The latest edition of the SIDBI-TransUnion CIBIL MSME Pulse Report indicates that in loans worth ₹9.5 lakh crores were disbursed...
Important sections of Bill on pre-packaged insolvency resolution tabled in parliament
The government recently tabled the Insolvency and Bankruptcy Code (Amendment) Bill, 2021, which deals with the Pre-packaged insolvency resolution plan....
Blockchain technology for seamless voting in insolvency resolution process
Could blockchain make the voting process in a corporate insolvency resolution (CIRP) process simpler? Well, only time will tell if...
Ten is too many assignments as resolution professional, five at a time is enough?
The Insolvency and Bankruptcy Board of India, the insolvency regulator, has amended the law to put a cap on the...