NCLT approves Rs 3,651-crore joint bid by Reliance Industries, ACRE for Sintex Industries
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the Rs 3,651-crore resolution plan submitted jointly by...
InsolvencyT
Important Sections of Insolvency and Bankruptcy Code (IBC), 2016
Here are some of the most important sections of the IBC, 2016: Section 7: This section provides for the initiation...
What happened when we asked ChatGPT about landmark judgements in the IBC space…
So, we asked ChatGPT about the landmark judgements under the Insolvency and Bankruptcy Code regime, and it came up with...
Hinduja Group moves NCLAT in support of 2nd round of auction in Reliance Capital CIRP
Hinduja group’s IIHL has filed an appeal with the NCLAT supporting the second round of auction for Reliance Capital. Hinduja...
Alok Industries Q3 numbers fail to impress; accumulated losses at Rs 21,000 crore
Alok Industries, which underwent a corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) and the resolution process...
NCLAT dismisses insolvency regulator’s plea in GTL Infrastructure CIRP case
The National Company Law Appellate Tribunal (NCLAT) dismisses a plea filed by the insolvency regulator -- Insolvency and Bankruptcy Board...
IBC, pre-packed insolvency…govt lists measures to tackle problem of NPAs
The Minister of State for finance Bhagwat Karad has informed parliament that fresh slippages to NPAs as percentage of opening...
NCLAT notice to Torrent Investments over 2nd round of auctions in Reliance Capital CIRP
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notices to Torrent Investments and other respondents on a petition...
CoC replaces IRP of Technofab Engineering; appoints Atul Mittal as RP
The committee of creditors of Technofab Engineering Limited voted to replace interim resolution professional Pradeep Kumar Kabra with resolution professional...
IL&FS initiates interim distribution pay-out of Rs 3,200 cr in IFIN
IL&FS Group has initiated its largest interim distribution pay-out till date in IL&FS Financial Services Limited (IFIN), an IL&FS Group...