RBI bites the bullet, may allow large corporates to own banks
The Reserve Bank of India (RBI) might soon allow large corporate to own banks, something that the banking regulator had...
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Piramal Group’s letter to creditors of DHFL protesting Adani’s ‘unsolicited’ bid
The Adani Group’s submission of bid to acquire the entire business of beleaguered housing finance company -– Dewan Housing Finance...
Liquidation process gets easier; quicker disposal of disputed assets, early exit option for creditors
In order to make the liquidation process faster, the insolvency regulator has made a couple of important amendments in the...
Amendments in IBC require each creditor to be informed the formula for payment of debt under resolution plan
In view of the growing number of litigations and disputes among creditors arising out of the distribution of realized amount...
ArcelorMittal made to pay Rs 1,300 cr more as CIRP cost in Essar Steel insolvency case
ArcelorMittal India may have to cough up Rs 1,300 crore more as CIRP cost in the insolvency proceeding of Essar...
“Bid should become null and void if insolvency process is not completed 6 mnths after approval of resolution plan”
Mayur Ghule, Managing Director, RPMG Investment The Insolvency and Bankruptcy Code (IBC) has provided many Private Equity Funds an opportunity...
Power purchasing agreement cannot be terminated if power company goes into insolvency
Can a Power Purchasing Agreement (PPA) signed by a distribution company be terminated once the power generation company goes into...
US Chapter 11 commercial insolvency filings register 78% growth in September
The number of Chapter 11 commercial business insolvency filings in the US continues to see a sharp jump as Covid-19...
ED arrests CFO, internal auditor of Cox and Kings in money laundering case
The Enforcement Directorate today arrested Anil Khandelwal , Chief Finance Officer and Naresh Jain, internal auditor of Cox and Kings...