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...
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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...
India’s top 25 willful defaulters include Gitanajli Gems, Era Infra
In a reply to a question in Parliament, Minister of State, Finance, Bhagwat Karad released the list of India's top...
NCLT rejects insolvency petition filed against Shapoorji Pallonji for a Rs 24 lakh default
An insolvency petition against Shapoorji Pallonji & Company Pvt Ltd has been rejected by the Mumbai bench of the National...
Birla Tyres in insolvency court after failing to pay Rs 16 crore to vendor SRF Ltd
Birla Tyres, a part of the famous BK Birla Group of Companies and Kesoram Industries Ltd, will now face insolvency...
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...
Is there a need for basic guidelines on fixing insolvency professionals’ fee?
The subjective nature of regulations governing the fee charged by insolvency professionals (IPs) often leads to undue scrutiny of IPs,...