Manpasand Beverages faces flurry of insolvency petitions as losses mount, sales sink
Manpasand Beverages is facing a flurry of insolvency petitions even as losses continue to mount for the Vadodara, Gujarat-based manufacture...
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How JNPT lost its bid for Dighi Port to Adani Ports & SEZ
Adani Ports and Special Economic Zone (APSEZ) completed the acquisition of 100% Dighi Port Limited for Rs 705 crore on...
No relationship between size of debt and delay in resolution under IBC, says IBBI study
Inordinate delay in the resolution process is one of the biggest challenges that the insolvency and bankruptcy regime in the...
SC thwarts ex-CEO from initiating insolvency proceedings against Siemens Gamesa
The Supreme Court has thwarted the last ditch attempt of former chief executive officer Ramesh Kymal to initiate insolvency proceedings...
‘Creditor’ snubbed for filing unnecessary insolvency application against ONGC arm
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has pulled up a contractor for unnecessarily filing insolvency application...
Having security interest over corporate debtor’s asset alone does not qualify one as financial creditor: SC
The Supreme Court of India has once again reiterated that a person having only security interest over the assets of...
ED attaches Rs 14.45 cr assets of Mehul Chowksi, Gitanjali Group in PNB loan fraud case
The Enforcement Directorate (ED) has issued a provisional attachment order attaching assets worth Rs 14.45 crores of Gitanjali Group of...
Financial creditors cease to be related party to avoid exclusion should also be barred from CoC: SC
In a landmark judgment on 1 February 2021, the Supreme Court of India in Phoenix ARC Vs Spade Financial Services...
83% of default cases getting resolved before going into CIRP: Economic Survey
The Insolvency and Bankruptcy Code (IBC) has brought about significant behavioural changes among the creditors and debtors thereby redefining debtor-creditor...
Relaxed regulations resulted in higher lending to firms with poor fundamentals: Economic Survey Report
Regulatory forbearance has resulted in increased lending to firms with poor fundamentals and higher lending to inefficient projects, says the...