Only one resolution applicant for Ansal Properties Ferhill Project
Only one resolution plan has been submitted for Fernhill Project, a Gurgaon-based housing project of Ansal Properties and Infrastructure. A...
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Inventory auction of erstwhile Nirav Modi firm Firestar Diamond fetches Rs 32 crore
The liquidator of Firestar Diamond International Pvt Ltd managed to raise Rs 32.16 crore from the auction of precious inventory...
Intent of corporate debtor irrelevant in establishing existence of preferential transaction: NCLAT
Can money arranged from relative by a corporate debtor be held as preferential transaction? The National Company Law Appellate Tribunal...
Success of IBC should be judged on number of resolutions not on amount recovered: IBBI Chairman
The success of Insolvency and Bankruptcy Code (IBC) should be evaluated based on the number of resolutions rather than the...
SC gives a go-ahead to second round of auction for Reliance Capital
The Supreme Court of India on Monday gave a major setback to Torrent Investments as it refused to stay NCLAT...
Details of approved resolution plan for Jaypee Infratech
The corporate insolvency resolution process of Jaypee Infratech saw its closure (six years after the process started in August 2017)...
Significance of Jaypee Infratech insolvency resolution process
The approval of Suraksha Realty’s resolution plan for Jaypee Infratech by NCLT marks the end of a long, tortuous plan...
Adani Goodhomes acquires Radius Estates and Developers for Rs 32 crore
The year 2023 may not have started in the best possible way for the Insolvency and Bankruptcy Code (IBC). The...
12,825 pass CA Final exam; 41% of successful candidates girls
As many as 12,825 candidates have qualified in the CA Final examination, the results of which were announced on 10...
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...