NCLT rejects resolution plan for Viceroy Hotels; orders invitation of fresh EOIs
The Hyderabad bench of the National Company Law Tribunal (NCLT) has rejected the Rs 168.5 crore resolution plan submitted by...
InsolvencyT
IBBI releases guidelines for selection of panel of insolvency professionals
The Insolvency and Bankruptcy Board of India (IBBI), the insolvency regulator, has sought expression of interest from insolvency professionals by...
Regulatory framework for compromise settlements, technical write-offs
The Reserve Bank of India (RBI) has proposed to issue a comprehensive regulatory framework governing compromise settlements and technical write-offs...
Insolvency regulator proposes audit of Insolvency Resolution Process Cost
The Insolvency and Bankruptcy Board of India (IBBI) now proposes an audit of the Insolvency Resolution Process Cost (IRPC). In...
GAIL says JBF Petrochemicals buy will help reduce import dependencies for PTA
GAIL (India), which recently acquired JBF Petrochemicals (JBFPL) through corporate insolvency resolution process, has said its foray into Purified Terephthalic...
More responsibilities likely for authorised representatives of homebuyers
The insolvency regulator has proposed to increase the duties of Authorised Representatives (AR) of homebuyers in the Committee of Creditors....
Insolvency regulator proposes longer timeline for submission of creditors claims
The insolvency regulator has proposed the extension of the timeline for submission of creditors claims to 90 days from the...
Punj Lloyd liquidator fixes Rs 1,061 cr reserve price for fresh bids
In a fresh attempt to invite bids for sale of Punj Lloyd Limited on a going concern basis under the...
Reliance Retail among seven others in race for Future Supply Chain Solutions
Reliance Retail Ventures and five others have submitted expression of interest (EoI) for acquiring Future Supply Chain Solutions, a Future...
GAIL (India) infuses Rs 2,101 crore in JBF Petrochemicals
GAIL (India), the government-owned natural gas transmission company, has infused Rs 2,101 crore in JBF Petrochemicals Limited (JBFPL), a company...