NCLAT reverses NCLT order; approves resolution plan of Viceroy Hotels
The Chennai bench of National Company Appellate Law Tribunal (NCLAT) has approved Agro Farms Private Limited’s resolution plan for Hyderabad-based...
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Litigation finance to be $57 bn market in India by 2035: LegalPay founder
Rising legal costs in India often lead to companies and litigants prematurely closing cases due to financial constraints. Legalpay, a...
Govt keeps aircrafts, helicopters out of ambit of moratorium under IBC
In a big move which could have bearings on the ongoing Go First CIRP, the Ministry of Corporate Affairs has...
IL&FS Group pays off Rs 35,650 crore debt; initiates dividend pay out of Rs 810 crore
IL&FS Group has discharged an aggregate debt of around Rs 35,650 crore by way of monetization of assets, auto debits...
Voluntary participation in committee of creditors for faster corporate resolution
Should a financial creditor be given the option to not be the part of the committee of creditors (CoC)? In...
Indian insolvency laws not equipped to deal with bankruptcy of digital assets exchanges, investors
As digital assets or cryptos progressively gain popularity and usage, it is imperative to comprehend the potential implications of insolvency...
Look-out-circular cannot be issued in each loan default case: Delhi HC
The Delhi High Court has said that issuance of Look-out-circular (LoC) cannot be resorted to in each and every case...
Ex-CEO’s insolvency petition against eSmart Energy Solutions gets rejected
In an intriguing case, the former CEO of a company files an insolvency petition against the company citing non-payment of...
Jalan-Kalrock Consortium completes Rs 350-cr infusion; fulfils condition to take control of Jet Airways
The new owners of Jet Airways, Jalan-Kalrock Consortium (JKC), has completed an additional payment of Rs 100 crore, bringing their...
NCLT approves Rs 79-crore resolution plan for Leela Trade Steel and Commodities
Ritzee-Pritesh Mehta JV, a Joint Venture of Pritesh Futarmalji Mehta and Ritzee Recycling Private Limited, has successfully bid for Pune-based...