NCLAT dismisses insolvency proceedings after doubts over financial creditor
An insolvency application under Section 7 of the Insolvency and Bankruptcy Code (IBC) admitted by the National Company Law Tribunal...
InsolvencyT
India offers $150 billion stressed assets market for foreign funds
India has an attractive $150 billion stressed assets market for foreign stressed assets funds to explore, and that the Insolvency...
Pre-pack insolvency framework likely soon; Panel to submit report in a week
Pre-packaged (pre-packs) insolvency resolutions are soon going to be a reality in India. The Committee set up under the Insolvency...
Increased default limit for triggering insolvency not applicable retrospectively: NCLAT
The Central Government’s notification dated 24 March 2020 enhancing the minimum amount of default limit from Rs one lakh to...
Let the vacuum left by suspension of IBC be filled by Mediation
By Sanjeev Ahuja Mediation is also often described as "assisted and without prejudice negotiation” and rightly so. The process is...
Why ARCs should get a chance to bid for corporate debtors under IBC
Should the asset reconstruction companies (ARCs) be allowed to submit resolution plan under the Insolvency and Bankruptcy Code? It’s a...
Unpaid lease rentals qualify as operational debt under IBC, rules NCLAT
Should lease rentals dues arising from the ‘Leave and Licence Agreement’ be categorized as an operational debt under the Insolvency...
Who is Murari Lal Jalan, the NRI who is looking to acquire insolvent Jet Airways?
The insolvent airlines company Jet Airways is likely to be acquired by a consortium of NRI Murari Lal Jalan and...
NCLT dismisses Customs Dept’s plea against Jyoti Structures resolution plan
The National Company Law Tribunal (NCLT) has dismissed the plea of customs department to revoke the resolution plan of Jyoti...
US Chapter 11 commercial insolvency filings register 78% growth in September
The number of Chapter 11 commercial business insolvency filings in the US continues to see a sharp jump as Covid-19...