Jet Airways insolvency: SC asks JKC to deposit Rs 150 crore by 31 January
The Supreme Court on 18 January 2024 directed Jalan-Kalrock Consortium (JKC) to deposit Rs 150 crore by 31 January in...
Main Story
Insolvency set-off is neither automatic nor self-executing under IBC: SC
The Supreme Court in a recent judgement rejected telecom firm Bharti Airtel’s appeal against an NCLAT order dated 17 May...
Absence of vibrant market for stressed assets an impediment for successful resolution plan: RBI governor
The absence of a vibrant market for stressed assets in the country is one of the major impediments for implementing...
RBI governor reaffirms primacy of financial creditors over operational creditors in IBC
RBI governor Shaktikanta Das has reaffirmed the primacy of financial creditor in the Insolvency and bankruptcy process. In his keynote...
Promoter wins back control of Asian Hotels (West) after NCLAT nod to OTS
The National Company Law Appellate Tribunal (NCLAT) has approved the one-time settlement (OTS) proposal under Section 12A of IBC 2016...
Anirudh Agro prepays all dues to creditors of Viceroy Hotels
Anirudh Agro Farms Limited (AAFL), the successful resolution applicant of Viceroy Hotels, has prepaid all the dues of creditors ahead...
CCI approves PSPCL purchase of GVK Power (Goindwal Sahib) Limited
The Competition Commission of India (CCI) has approved the proposed acquisition of 100% shareholding of GVK Power (Goindwal Sahib) Limited...
Class Action Suits in India: Role of Litigation Funding
As societies develop and evolve, the frequency of disputes has correspondingly increased, and individuals have become more cognizant of their...
Meenakshi Energy now a wholly-owned subsidiary of Vedanta
Indian mining and metals giant Vedanta Limited has completed the acquisition of Meenakshi Energy Limited, a previously debt-ridden thermal power...
NCLT approves Ramkrishna Forgings Rs 129-cr resolution plan for ACIL Limited
The National Company Law Tribunal, New Delhi, has approved the Rs 129 crore resolution plan submitted by Ramkrishna Forgings Limited...