ARSS Infrastructure Projects goes into liquidation after NCLT rejects resolution plan
The Cuttack bench of the National Company Law Tribunal, which rejected the resolution plan of Ocean Capital Market Limited (OCML)...
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Insolvency proceedings against Bilcare Ltd suspended after one-time settlement of dues
The corporate insolvency resolution process (CIRP) against the Bilcare Ltd has been suspended by the National Company Law Tribunal (NCLT)...
Shareholders’ fight to save erstwhile Vijay Mallya firm Mcdowell Holdings from insolvency
A Supreme Court bench has asked the financial creditor of Mcdowell Holdings Ltd why it would have any issue if...
NCLT gives 3 more months to complete Reliance Capital insolvency process
The Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of...
NCLT rejects Ocean Cap Market bid for ARSS Infrastructure Projects
The Cuttack bench of the National Company Law Tribunal on 18 April 2023 rejected the resolution application filed by the...
SME delinquencies will continue to rise despite RBI’s rate pause: Moody’s
Higher interest rates in India have increased repayment amounts and limited refinancing options for SME borrowers with LAP (loans secured...
Future Retail insolvency process gets 90-day extension
The Mumbai bench of the NCLT has granted the exclusion of 90 days from the Corporate Insolvency Resolution Process (CIRP)...
NCLT approves Arcelor Mittal group’s Rs 890-cr resolution plan for Indian Steel Corporation
The Mumbai bench of NCLT has given its nod to the Rs 897-crore resolution plan of AM Mining India Private...
Banks should not ‘earn’ interest on penalty levied on borrowers for non-compliance: RBI
In an important change in rules governing penal charges on loan accounts, the Reserve Bank of India (RBI) has said...
Success of IBC should be judged on number of resolutions not on amount recovered: IBBI Chairman
The success of Insolvency and Bankruptcy Code (IBC) should be evaluated based on the number of resolutions rather than the...