Sharing financial details with Information Utility not mandatory for filing IBC application: HC
The Calcutta High Court has struck down an order passed by the Principal Bench of Delhi NCLT making it mandatory...
InsolvencyT
This is how India’s personal bankruptcy framework may look like
As Indian insolvency and bankruptcy authorities are getting ready to roll-out personal insolvency regulations, it only natural for the curiosity...
Insolvency law cannot escape Limitation Act, says Supreme Court
In a big setback to the insolvency and bankruptcy code (IBC) in the country, the Supreme Court in a major...
NCLAT dismisses home buyers’ insolvency plea against Ansal Properties
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of Delhi Bench of NCLT to initiate insolvency...
Third-party fraud allegation cannot be entertained under IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea keeping a particular a plot of land out of...
MSME promoter regains his firm after lengthy insolvency proceeding
Even as the government is planning to make sweeping changes in the insolvency and the bankruptcy laws for the MSME...
Mamta Binani: Baptism by Fire
Mamta Binani, an insolvency professional, lawyer and a company secretary, may have earned many laurels in her illustrious career –...
One-time restructuring of loans to worsen banks’ asset quality: Fitch Ratings
The Reserve Bank of India’s (RBI) recent proposal of one-time restructuring of loans will extend uncertainty over the banking sector’s...
Plea of Uttam Value Steel operational creditors for fair treatment dismissed by NCLT
It is no secret that the operational creditors have got a raw deal when it comes to getting their outstanding...
Recovery rate at paltry 12.5% as only 7 insolvency cases saw resolutions in Apr-June
Covid19 has taken a toll on the whole insolvency ecosystem as is evident from the number of cases which saw...