Gujarat Urja Vikas Nigam Ltd Vs Amit Gupta: Termination of PPA by creditor contrary to objective of IBC
The Supreme Court of India in the case of Gujarat Urja Vikas Nigam Limited Vs Amit Gupta and others, delivered...
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ICAI formulates new scheme of education in line with NEP
The Institute of Chartered Accountants of India (ICAI) has formulated the New Scheme of Education and Training in lines with...
Midland Polymers CoC approves resolution plan by Gudapu Reddy Sreedar Reddy
The committee of creditors (CoC) of Midland Polymers has approved the resolution plans submitted by Gudapu Reddy Sreedar Reddy with...
Jyoti Structures fate hangs in balance as successful bidder fails to make timely payments
More than four years after the NCLT approved the resolution plan of Jyoti Structures, the company is again facing the...
RBI issues FAQs on circular regarding settlement with wilful defaulters
After the outrage over its new circular over compromise settlement with wilful defaulters, the Reserve Bank of India (RBI) has...
US corporate bankruptcies tick up in May; YTD total highest since 2010
US corporate bankruptcies crept higher in May over the prior month as higher interest rates and a slowing economy are...
Axis Bank vs Vidarbha Industries: A cursory look at SC judgment
In the case of Axis Bank Ltd. v. Vidarbha Industries Power Limited, the Supreme Court of India held that the...
Govt excludes certain obligations from moratorium provisions of IBC
The government has changed the moratorium provisions under Section 14 of the Insolvency and Bankruptcy Code (IBC) to exclude certain...
NCLT approves Rs 43-cr resolution plan of Amrutha Constructions for Galada Power and Telecommunication
The Hyderabad bench of the NCLT has approved the Rs 43-crore resolution plan submitted by Amrutha Constructions Private Limited for...
NCLT approves Rs 140-cr resolution plan by Ace Infracity Developers for Three C Homes
The New Delhi bench of the National Company Law Tribunal (NCLT) has approved the Rs 140 crore resolution plan submitted...