NCLT approves Steel Strips Wheels Rs 138-cr bid for AMW Auto Component
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has approved the Rs 138.15 crore resolution plan submitted by...
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NCLT approves Ebix’s Rs 325-crore resolution plan for Educomp Solutions
The New Delhi bench of the NCLT has approved the Rs 325-crore resolution plan submitted by Ebix Singapore Pte. Ltd...
Swan Energy makes Rs 50 cr upfront payment to Reliance Naval and Engineering lenders
The successful resolution applicant Swan Energy has made an upfront payment of Rs 50 crore to the lenders of Reliance...
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...
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...