GlaxoSmithKline escapes insolvency proceedings by clearing Rs 8 lakh due
The regulator and policy-makers alike have time and again reiterated that the Insolvency and Bankruptcy Code (IBC) is not a...
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CBI files Rs 5,000 cr loan fraud case against IVRCL undergoing liquidation
Another company, undergoing insolvency proceeding, finds itself on the wrong side of the law. This time the Hyderabad-based infrastructure company...
Winding up proceeding transferable to NCLT until it has reached the stage of irreversibility, says Supreme Court
The Supreme Court of India has recently said in a judgement that a winding up proceeding pending before the High...
RBI issues FAQs on Resolution Framework for Covid-19 related stress
1. In Paragraph 4 of the Annex to the Resolution Framework, it is stated that the reference date for the...
Global banking Industry may lose $3.7 trillion revenue in Covid aftermath, says Mckinsey report
The global banking industry will witness $3.7 trillion revenue loss between 2020 and 2024 amid muted global recovery in the...
Creditors not too keen on Videocon Group promoter’s full-payment proposal
Venugopal Dhoot, the promoter of Videocon Group, had recently offered to pay the full outstanding amount of Rs 31,000 crore...
Ex-promoter Kapil Wadhawan alleges 63 Moons of derailing DHFL’s resolution process
Ex-promoter Kapil Wadhawan has alleged that Jignesh Shah-owned 63 Moons Technologies Ltd is trying to derail the insolvency resolution process...
NCLT asked to deliver final verdict on Bharati Defence & Infrastructure liquidation case within a week
The National Company law Appellate Tribunal (NCLAT) has asked the Mumbai Bench of the National Company law Tribunal (NCLT) to...
ArcelorMittal gets temporary relief from paying Rs 1,300 cr more in Essar Steel insolvency case
ArcelorMittal India has got a stay order against the payment of Rs 1,300 crore additional CIRP cost by 15 December...
Paper 1 of CA Foundation Exam on 8 Dec postponed by five days; to be held on 13 Dec
It is notified for general information that, due to unavoidable circumstances, the CA Foundation Exam, Paper– 1, Principles and Practice...