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...
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One in 10 SMEs in Europe may file for bankruptcy in six months, finds McKinsey survey
One in 10 Small and Medium Enterprises (SMEs) in Europe are likely to file for bankruptcy as they face existential...
India offers $150 billion stressed assets market for foreign funds
India has an attractive $150 billion stressed assets market for foreign stressed assets funds to explore, and that the Insolvency...
Increased default limit for triggering insolvency not applicable retrospectively: NCLAT
The Central Government’s notification dated 24 March 2020 enhancing the minimum amount of default limit from Rs one lakh to...
Who is Murari Lal Jalan, the NRI who is looking to acquire insolvent Jet Airways?
The insolvent airlines company Jet Airways is likely to be acquired by a consortium of NRI Murari Lal Jalan and...
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...
Govt extends suspension of IBC by three months till December 2020
The government has decided to extend the suspension of Sections 7,9, 10 of the Insolvency and Bankruptcy Code (IBC) for...
Ex-RBI gov Raghuram Rajan bats for allowing promoters to participate in IBC proceedings
Former Reserve Bank of India (RBI) governor Raghuram Rajan and former deputy governor Viral Acharya have said in a jointly...
Second time unlucky for Amtek Auto as DVI withdraws resolution plan
Amtek Auto, which is undergoing insolvency proceeding, proved to be second time unlucky as successful resolution applicant Deccan Value Investors...
Real estate sector gets most ‘favourable’ terms under new resolution framework
The expert committee under the former ICICI Bank Chairman KV Kamath set up by the Reserve Bank of India (RBI)...