Monetary penalty for certain non-disclosures and contraventions by insolvency professionals
Here are the list of monetary penalty mandated by the insolvency regulator for certain non-disclosures and non-compliances by insolvency professionals...
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India’s household credit to GDP ratio reaches 37.7% in 2020
India’s household credit to GDP ratio is catching up with its emerging peers, an RBI report said on Monday. According...
Salient features of resolution plan submitted by ArcelorMittal for Uttam Galva Steels
The National Company Law Tribunal (NCLT) recently approved the resolution plan submitted by ArecelorMittal group for Uttam Galva Steels under...
ArcelorMittal group gets NCLT nod to acquire Uttam Galva Steel
The Mumbai bench of the National Company Law Tribunal (NCLT) has given its approval to Rs 4,000-crore resolution plan submitted...
NCLT approves Deep Industries bid for Dolphin Offshore Enterprises
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Deep Industries Limited...
Lenders of National Steel and Agro Industries accept resolution plan by JSW arm
The Committee of Creditors (CoC) of Mumba-based National Steel and Agro Industries Ltd (NSAIL) has approved the resolution plan submitted...
Bankruptcy proceedings against personal guarantor can be initiated irrespective of country of residence
The National Company Law Appellate Tribunal (NCLAT) has in a recent order said that a personal guarantor, whether he resides...
SC reins in Customs department yet again; this time in ABG Shipyard CIRP case
The Supreme Court in its order on 26 August 2022 held that the Insolvency and Bankruptcy Code would prevail over...
Reliance Capital insolvency resolution period extended by 60 days
The Mumbai bench of the National Company Law Tribunal has extended the corporate Insolvency Resolution Process (CIRP) period Reliance Capital...
Non-availability of interim finance a big impediment in success of CIRP: IBBI chairperson
Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mittal has highlighted the difficulty companies undergoing corporate insolvency resolution process...