Section 29A in practice: SC, NCLAT & NCLT’s approach to ineligibility in CIRP
Section 29A of the Insolvency and Bankruptcy Code, introduced in 2017, bars defaulting promoters, wilful defaulters and other tainted persons...
InsolvencyT
NCLT approves Rs 700 cr resolution plan for Raigarh Champa Rail Infrastructure
In a significant ruling that brings a five-year-long insolvency proceeding to a close, the National Company Law Tribunal (NCLT) in...
NCLT approves JSW Infra’s Rs 467 cr resolution plan for NCR Rail Infrastructure
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by JSW Infrastructure Limited...
Baggit India to undergo insolvency process after failing to pay Rs 1.11 cr
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted a Section 9 insolvency plea against Baggit India...
SC holds Benami Act attachments cannot be challenged before NCLT, upholds IBC moratorium limits
The Supreme Court has delivered a significant ruling clarifying the boundaries between the Insolvency and Bankruptcy Code and the Prohibition...
NCLT approves Capri Global’s ₹456 crore resolution plan for Mumbai Hospital of Seven Hills Healthcare
The National Company Law Tribunal's Amaravati Special Bench has approved a ₹456 crore resolution plan for Mumbai hospital of Seven...
SRS Real Infrastructure: A tangled web of assets and litigation awaits new buyer
For the fourth time in as many years, SRS Real Infrastructure Limited, a real estate developer once known for ambitious...
Two Boeing 777-300ERs of Jet Airways to go under the hammer; reserve price fixed at Rs 356 crore
In the most significant asset disposition since the grounding of the airline, Jet Airways (India) Limited (in Liquidation) has officially...
NBCC successfully conducts e-auction of Amrapali projects in Noida, Greater Noida
NBCC (India) Limited has successfully completed the e-auction of a total of 417 residential units at Amrapali Aspire Leisure Valley...
NCLT approves Sagacious Capital’s ₹110 crore plan for Reliance Innoventures; creditors to receive fraction of claims
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Sagacious Capital Private Limited's resolution plan for Reliance Innoventures Private...