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...
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HC dismisses Kolkata Municipal Corporation plea challenging IRP’s control over attached property
Can a property having been seized by a government agency in recovery of its statutory claims against the corporate debtor...
NCLT paves the way for liquidation of realtor estate developer 3C Homes
The Delhi bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of real estate developer Three C...
Another Anil Ambani firm faces insolvency; NCLT admits IBC petition against Business Broadcast News
New service agency -- Cogencis Information Services – has initiated insolvency proceedings against Business Broadcast News Private Limited, the erstwhile...
Can a CoC member be asked to contribute towards CIRP cost?
By Arvind Mangla The question is whether CoC member(s) is/are required to or can be forced to, provide interim finance...
Former RBI governor Raghuram Rajan criticises proposal allowing large corporates to own banks
The former Reserve Bank of India (RBI) governor Raghuram Rajan and former deputy governor Viral Acharya have questioned the RBI...
Sale of legal entity as an asset during liquidation process: A step towards value maximization
By Megha Mittal Value maximization of assets of the corporate debtor is one of the primary objectives of the Insolvency...
How Asian Colour Coated Ispat resolution plan was ‘revised’ in favour of secured financial creditors
Is there a ‘foul play’ in the manner in which the resolution plan submitted by JSW Steel Coated Products Ltd...
How high-flying FMCG Startup Fizzy Foodlabs ended up in liquidation
Fizzy Foodlabs Ltd, an FMCG start-up co-founded by three IIT Bombay batchmates in 2012, was on its way to greatness...
How a 30-year-old property deal involving a DLF subsidiary landed in insolvency tribunals in 2020
A dispute arising out of a property deal in 1989 landed up in insolvency tribunals in 2020. Is this a...