Litigation finance to be $57 bn market in India by 2035: LegalPay founder
Rising legal costs in India often lead to companies and litigants prematurely closing cases due to financial constraints. Legalpay, a...
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Torrent moves SC against approval of Reliance Capital resolution plan
After its plea to stay the approval of Reliance Capital's resolution plan was rejected by the NCLT on 1 October,...
Future Retail stares at liquidation after CoC rejects Space Mantra’s offer
Future Retail is on the brink of liquidation after the committee of creditors (CoC) rejected the resolution plan submitted by...
Resolutions under IBC may touch 300 in FY24; ecosystem needs to be prepared to deal with 1,000: MCA secy
The number of resolutions of stressed assets under the insolvency law is expected to reach 300 this financial year, after...
Jalan-Kalrock Consortium completes Rs 350-cr infusion; fulfils condition to take control of Jet Airways
The new owners of Jet Airways, Jalan-Kalrock Consortium (JKC), has completed an additional payment of Rs 100 crore, bringing their...
Lenders to seek extension of Rolta India CIRP period by 60 days
The resolution professional of Rolta India will ask for a 60-day extension of the corporate insolvency resolution process. The Committee...
IBBI notifies key amendments to insolvency laws
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for...
NCLAT stays insolvency proceedings against Chandigarh-based Ind Swift
Chandigarh-based pharma company Ind Swift Ltd got a major relief after the National Company Law Appellate Tribunal (NCLAT) stayed the...
Resolution plan can terminate related party contracts: NCLT
A recent NCLT ruling has clarified that the successful resolution applicant (SRA) in a corporate insolvency resolution process has the...
Delay in filing appeal under Section 42 of IBC can’t be condoned Suo Moto
Saurabh Gandhi Section 42 of the IBC states that a creditor may appeal to the Adjudicating Authority against the decision...