SC rules no personal hearing required before banks classify loan accounts as fraud
The Supreme Court of India has held that banks are not required to grant borrowers a personal hearing before classifying...
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IBC is a threat that works, but MSME creditors still get short-changed: Study
A comprehensive new study has revealed that the Insolvency and Bankruptcy Code (IBC) functions less as a formal resolution mechanism...
Supreme Court declines to stay Adani plan for Jaiprakash Associates; asks NCLAT to hear Vedanta plea on priority
The Supreme Court on Monday refused to stay the implementation of Adani Enterprises’ resolution plan for Jaiprakash Associates Ltd (JAL),...
Yatin Steels India liquidator invites bids for ₹476 crore assets
Following a prolonged insolvency process that failed to yield a viable rescue plan, the Mumbai Bench of the National Company...
Go Airlines hits final runway: E-auction announced for key assets
The long-drawn insolvency saga of Go Airlines (India) Limited, formerly known as Go First, has entered its terminal phase. The...
IIMA study reveals major post-IBC recovery; Sales up 89%, market cap triples
A comprehensive study released by the Indian Institute of Management Ahmedabad (IIMA) , in collaboration with the Insolvency and Bankruptcy...
NCLT dismisses insolvency proceedings against ATS Heights, clearing path for ATS Knightsbridge completion
The National Company Law Tribunal (NCLT) New Delhi Bench has formally dismissed the insolvency proceedings against ATS Heights Private Limited,...
Supreme Court rules on ‘clean slate’ principle: Ujaas Energy allowed limited defence against counterclaims
In a significant judgment concerning the intersection of insolvency law and arbitration, the Supreme Court of India has clarified the...
Details of Adani Group’s Rs 15,000-cr resolution plan for Jaiprakash Associates
In a landmark development for India’s infrastructure sector, the National Company Law Tribunal (NCLT) Allahabad Bench has approved a comprehensive...
NCLT approves Rs 700 cr resolution plan for Raigarh Champa Rail Infrastructure
In a significant ruling that brings a five-year-long insolvency proceeding to a close, the National Company Law Tribunal (NCLT) in...