NCLT allows concessions to Sterling Biotech bidder
The adjudicating authorities have agreed to the request of Perfect Day Inc, the US-based animal-free dairy product manufacturer, for certain...
Editor’s pick
Consumer bankruptcies in US increase 27% in October
Consumer bankruptcies (chapter 13 filings) in the US increased 27% to 13,627 in October 2022 from the 10,767 filings in...
Piramal group withdraws insolvency application against Reliance Power
Piramal Capital and Housing Finance Limited has withdrawn the insolvency application made against Reliance Power Limited and one of its...
Bad Bank finally gets all regulatory approvals; Rs 50,000 cr bad loans to be transferred in phase I
The Bad Bank is finally becoming a reality after much regulatory delays. All requisite approvals for setting up of National...
When Committee of Creditors had a change of heart
In IBC, they say you cannot question the commercial wisdom of the Committee of Creditors (CoC). While not everyone concurs...
Should Swiss Challenge Method be adopted for auction of assets under liquidation?
Is Swiss Challenge Method the best way for realising maximum value of an asset under liquidation? A consultation paper floated...
Blockchain technology for seamless voting in insolvency resolution process
Could blockchain make the voting process in a corporate insolvency resolution (CIRP) process simpler? Well, only time will tell if...
Can Kohinoor Foods survive flurry of insolvency petitions filed against it?
Can Kohinoor Foods survive the flurry insolvency proceedings initiated against it by both financial as well as operational creditors? The...
Fixed deposit holder puts up fight against Piramal Group’s bid for DHFL
Can a writ petition pending in Delhi High Court by a fixed deposit holder put a spanner in Piramal Group’s...
No end to Jaypee Infratech CIRP as NBCC submits revised bid
There’s no end to the Jaypee Infratech Corporate Insolvency Resolution Process (CIRP) as NBCC submitted its revised bid for the...