Treatment of pledged shares as security under IBC
Pledging of shares is a common practice among creditors to secure a loan. In case of pledged shares, the pledgor...
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Banks recovered Rs 7.15 lakh crore bad debts in five years: Govt
The government has again reassured parliament that banks are taking every step to recover written-off loans. Responding to a parliament...
NARCL acquires Rs 21,350-cr debt of three entities: Govt
The government has informed parliament that the National Asset Reconstruction Company Limited (NARCL) had acquired three borrower entities -- Jaypee...
Rs 1,814-crore resolution plan for Lavasa Corporation gets NCLT approval
The Mumbai bench of NCLT has approved the Rs 1,814-crore resolution plan submitted by Darwin Platform Infrastructure (DPIL) for Lavasa...
DGCA accepts flight resumption plan of Go First, but with some conditions
The Directorate General of Civil Aviation (DGCA) has accepted Go First's flight resumption plan, but with some conditions. The airline...
Stakeholders discuss challenges in resolution of real estate companies
Non-acceptance or part acceptance of claims, multiple litigation or non-cooperation by suspended directors, litigation by government agencies, and delay in...
NCLT approves Rs 548-crore resolution plan for Arena Superstructures
The NCLT has approved the Rs 584.50 crore plan submitted by Purvanchal Projects Pvt.Ltd for the resolution of Arena Superstructures...
Verdict in Rainbow Papers Ltd case ignored Section 53 of IBC: SC
The Supreme Court in a recent order in Paschimanchal Vidyut Vitran Nigam Ltd. v. Raman Ispat Private Limited & Ors...
NCLT nod to Rs 180-cr resolution plan for Capricorn Food Products India Ltd
The National Company Law Tribunal (NCLT) has approved the Rs 180-crore resolution plan for Chennai-based Capricorn Food Products India Ltd....
Govt-owned CONCOR to face insolvency resolution process
Public sector container and transportation company -- Container Corporation of India Limited (CONCOR) – will have to face Corporate Insolvency...