Invesco Mutual Fund initiates insolvency proceedings against Sintex Industries
Invesco Mutual Fund, also Invesco Asset Management (India) Private Ltd , has initiated corporate insolvency resolution process against Gujarat-based Sintex...
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No conflict between insolvency and anti-money laundering laws, says NCLAT
There is no conflict between Prevention of Money Laundering Act (PMLA) and Insolvency and Bankruptcy Code (IBC), and even if...
Govt unveils pre-pack regulations
The Insolvency and Bankruptcy Board of India (IBBI) releases the pre-pack regulations to be called the Insolvency and Bankruptcy Board...
53% in Canada within $200 of financial insolvency
More than 53% in Canada say that they are $200 or less from being financially insolvent, says the latest survey...
Gurgaon-based hotelier drags OYO subsidiary into insolvency court
Gurgaon-based hotelier Rakesh Yadav, who runs a 21-room hotel by the brand name Yellow White Residency has initiated insolvency proceedings...
Highlights of pre-pack scheme for MSMEs
The government has given a go-ahead to the pre-pack scheme for micro, small and medium enterprises (MSME) through an ordinance...
Financial creditors recover only 10% of claims in 23 resolutions during Oct-Dec quarter
In the October-December 2020 quarter, 23 Corporate Insolvency Resolution Processes (CIRPs) yielded resolution plans helping banks and other financial institutions...
The story of a UK real estate company and its broken promises
It looks like the malaise that afflicts the real estate sector – misappropriation of funds and delay in delivery --...
NCLAT orders liquidation of KS Oils as NCLT ‘ignores’ creditors’ repeated petitions
In a scathing commentary on the failure of the National Company Law Tribunal (NCLT) to perform its role, the National...
SC dashes Gujarat NRE Coke promoter’s hope; bars him from proposing scheme of compromise during liquidation
The Supreme Court has dashed all hopes of Arun Kumar Jagatramka, the former promoter of Gujarat NRE Coke, of getting...