Insolvency regulator is looking for new chairperson as incumbent MS Sahoo retires in Sept
The government of India has invited application for the post of chairperson of the Insolvency and Bankruptcy Board of India...
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NCLT approves Piramal Group’s bid for DHFL
The Mumbai Bench of NCLT has today approved the resolution plan submitted by Piramal group for acquisition of housing finance...
Tata Steel Mining’s bid for West Bengal-based ferro alloy manufacturer gets lenders’ nod
Tata Steel Mining Limited (TSML), a wholly owned subsidiary of Tata Steel Limited, has been declared as the successful resolution...
DHFL reports Rs 12,736 crore fraudulent transactions in Jan-March 2020-21
The distressed housing finance company DHFL has reported additional transaction amounting Rs 12,736 crore as fraudulent, undervalued and preferential in...
ArcelorMittal arm offers Rs 4,000 crore for Uttam Galva Steels; CoC approves bid
The Committee of Creditors of Uttam Galva Steels Limited has approved the Resolution Plan submitted by AM Mining India Private...
Regulator issues guidelines for selection of panel for insolvency professionals
In order to reduce the delay by the Insolvency and Bankruptcy Board of India (IBBI) in recommending insolvency professionals who...
Appellate tribunal questions NCLT’s hurry in forcing CoC to consider DHFL promoter’s settlement offer
While staying the NCLT’s 19th May order asking the administrator and the Committee of Creditors (CoC) in the Dewan Housing...
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...
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...