Absence of vibrant market for stressed assets an impediment for successful resolution plan: RBI governor
The absence of a vibrant market for stressed assets in the country is one of the major impediments for implementing...
Uncategorized
Dalmia Bharat Sugar gets NCLAT nod for implementation of resolution plan for Baghauli Sugar insolvency case
Dalmia Bharat Sugar and Industries Limited's (DBSIL) plan to revive Baghauli Sugar and Distillery Limited (Baghauli Sugar) has finally moved...
SC judgment in Celir LLP case to spur confidence in resolutions through SARFAESI: India Ratings
The recent judgment by the Supreme Court of India on the time-bound redemption rights of borrowers is advantageous for asset reconstruction...
Naveen Jindal-owned firm expresses interest in buying out Go First
Naveen Jindal, the promoter of Jindal Steel and Power, has expressed interest in buying insolvent airline Go First. Go First...
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...
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...