Creditors have taken 70% haircuts in 612 resolved cases under IBC so far
Financial creditors realised Rs 2.53 lakh crore from the 612 cases of resolution under the Insolvency and Bankruptcy Code, translating...
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Lenders nod to NARCL bid for Srei Infrastructure Finance, Srei Equipment Finance
The National Asset Reconstruction Co. Ltd (NARCL) has emerged the successful bidder for two Srei Group firms – SREI Infrastructure...
Insolvency proceedings begin against Mcleod Russel
Mcleod Russel India, the Kolkata-based tea plantation company, has now gone into insolvency after the Kolkata Bench of the National...
NCLT admits insolvency plea against Zee Learn
The Mumbai bench of the National Company Law Tribunal has admitted the insolvency petition against Zee Learn, a school education...
Rolta India creditors submits claims of over Rs 10,000 crore
The lenders of Rolta India have submitted claims of Rs 10,095 crore as of now. The claims have been submitted...
NCLT approves Rs 3,651-crore joint bid by Reliance Industries, ACRE for Sintex Industries
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the Rs 3,651-crore resolution plan submitted jointly by...
What happened when we asked ChatGPT about landmark judgements in the IBC space…
So, we asked ChatGPT about the landmark judgements under the Insolvency and Bankruptcy Code regime, and it came up with...
Hinduja Group moves NCLAT in support of 2nd round of auction in Reliance Capital CIRP
Hinduja group’s IIHL has filed an appeal with the NCLAT supporting the second round of auction for Reliance Capital. Hinduja...
NCLAT dismisses insolvency regulator’s plea in GTL Infrastructure CIRP case
The National Company Law Appellate Tribunal (NCLAT) dismisses a plea filed by the insolvency regulator -- Insolvency and Bankruptcy Board...
IBC, pre-packed insolvency…govt lists measures to tackle problem of NPAs
The Minister of State for finance Bhagwat Karad has informed parliament that fresh slippages to NPAs as percentage of opening...