“Separate the process of approval of resolution plan and distribution of proceeds”
In order to avoid wastage of time due to objections about the distribution of proceeds raised when the resolution plan...
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Proposal to allow insolvency process only against defaulting real estate projects, not entire company
In a big change proposed in the insolvency cases related to real estate companies, the insolvency regulator of the country...
Vedanta bid for Meenakshi Energy gets CoC nod
The resolution plan submitted by Vedanta Ltd has been approved by the committee of creditors (CoC) of Nellore, Andhra Pradesh-based...
Gayatri Projects invites EoIs from prospective bidders; 29 Jan last date for submitting EoIs
Gayatri Projects, which is undergoing Corporate Insolvency Resolution process (CIRP), has invited Expression of Interest (EoI) from prospective bidders. The...
Avoidance transaction proceedings can go on even after CIRP is over: Supreme Court
In a landmark judgement, a two-judge bench of the Supreme Court has said that adjudication of an avoidance transaction application...
Doubts lenders of Jet Airways have about Kalrock consortium’s revival plans
The implementation of resolution plan for Jet Airways was being delayed by the Monitoring Committee, which comprises lenders and the...
Why NCLT allowed new promoters take control of Jet Airways despite objections
Brushing aside doubts of Monitoring Committee and financial creditors, the Mumbai bench of the National Company Law Tribunal (NCLT) has...
Adani Goodhomes acquires Radius Estates and Developers for Rs 32 crore
The year 2023 may not have started in the best possible way for the Insolvency and Bankruptcy Code (IBC). The...
How Hindalco busted stage-managed insolvency resolution process of Hirakund Industrial Works
The National Company Law Appellate Tribunal (NCLAT) on the petition filed by Hindalco Industries busted a ‘stage-managed’ corporate insolvency resolution...
Reliance Capital CoC votes 100% in favour of second round of auction
The proposal to conduct a second round of auction in the Reliance Capital corporate insolvency resolution process (CIRP) has been...