NeSL data shows Rs 14.63 lakh crore loan defaults as on 30 June 2023
The sole information utility entity – NeSL – has listed Rs 14.63 lakh crore total defaults as reported by various...
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Quarterly global defaults reach highest level since 2020
With 44 defaults in the second quarter, the global default tally recorded its highest quarterly default tally since the fourth...
IVRCL liquidation process marred by delays, controversies
The IP registration of Sutanu Sinha, the liquidator of IVRCL Ltd, was recently suspended by the Insolvency and Bankruptcy Board...
Treatment of pledged shares as security under IBC
Pledging of shares is a common practice among creditors to secure a loan. In case of pledged shares, the pledgor...
Company insolvencies in UK up 27% in June; individual bankruptcies up 29%
The number of registered company insolvencies in UK in June 2023 was 2,163, 27% higher than in the same month...
Verdict in Rainbow Papers Ltd case ignored Section 53 of IBC: SC
The Supreme Court in a recent order in Paschimanchal Vidyut Vitran Nigam Ltd. v. Raman Ispat Private Limited & Ors...
Lenders move Supreme Court seeking liquidation of Jet Airways
Frustrated with the delays in the airline's revival, lenders of Jet Airways have moved the Supreme Court seeking liquidation of...
Section 66 of IBC cannot be used to recover dues from 3rd parties: Supreme Court
The Supreme Court in a recent order has said that the remedy against third parties for recovery of dues payable...
Reliance Capital lenders approve IIHL resolution plan with 99.6% votes
The long-drawn insolvency resolution process of Reliance Capital got further close to a closure on 29 June. The lenders of...
My learnings from dealing with insolvency cases
Rohil Malhan, a young, aspiring restructuring and insolvency professional shares his learnings from dealing with insolvency cases. The learning experience...