Realised value should not be compared with admitted claims to judge CIRP’s success: RBI
The banking regulator -- Reserve Bank of India (RBI) – has said that a comparison of realised value with admitted...
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Road InvITs improve the credit quality of Rs 46,000 crore debt: Crisil
Infrastructure investment trusts (InvITs) in the roads sector have enhanced the credit quality1 of around Rs 46,000 crore debt till...
MT Educare faces insolvency proceedings for failing to pay Rs 5.5 crore to vendor
MT Educare Limited, an education support and coaching services provider, will face insolvency resolution process after the Mumbai bench of...
Wilful defaulters owe over Rs 3.11 lakh crore to banks as on 30 June 2022
Wilful defaulters owed over Rs 3.11 lakh crore to banks as on 30 June 2022, most to the public sector...
NCLT approves Pristine Malwa Logistics Rs 480 crore bid for Sical Logistics
The Chennai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of Pristine Malwa Logistics Park...
Gayatri Projects creditors submits claims of Rs 7,947 crore
Creditors of Gayatri Projects have submitted claims of Rs 7,947 crore as the corporate insolvency resolution process gets underway. The...
SC approves resolution plan of ArcelorMittal for Odisha Slurry Pipeline Infrastructure
In a significant victory for the ArcelorMittal Group, the Supreme Court of India on 10 November 2022 approved the resolution...
Srei Equipment Finance reports Rs 1,500 cr more fraudulent transactions
More fraudulent transactions have been detected by the forensic auditors in Srei Equipment Finance, a wholly owned subsidiary of Srei...
Reliance Capital insolvency resolution period extended by 60 days
The Mumbai bench of the National Company Law Tribunal has extended the corporate Insolvency Resolution Process (CIRP) period Reliance Capital...
Rights of operational creditors to seek judicial review of resolution plan before NCLT
By Pallavi Parmar The IBC Code has provided with different sets of creditors – while financial creditors are to predominantly...