A financial creditor is liable to pay CIRP cost only for the period it was part of CoC
If a financial creditor is part of the committee of Creditors (CoC) then it has to pay the CIRP cost,...
Deadline for submission of EoI from eligible institutions for conducting Graduate Insolvency Programme extended to 15 January
The Insolvency and Bankruptcy Board of India (IBBI) vide its notice dated 29th October, 2020, annexed below, had invited Expression...
Winding up proceeding transferable to NCLT until it has reached the stage of irreversibility, says Supreme Court
The Supreme Court of India has recently said in a judgement that a winding up proceeding pending before the High...
US bankruptcies see sharp decline in Nov; both commercial, consumer filings drop 39%
On the back of government relief programmes and moratoriums, the US commercial and consumer bankruptcy filings have seen sharp year-on-year...
SRS Limited assets up for sale through e-auction on 15 December
e-auction of assets of SRS Limited will be held from 11:00 am to 4:00 pm on 15 December 2020. The...
RBI issues FAQs on Resolution Framework for Covid-19 related stress
1. In Paragraph 4 of the Annex to the Resolution Framework, it is stated that the reference date for the...
Global banking Industry may lose $3.7 trillion revenue in Covid aftermath, says Mckinsey report
The global banking industry will witness $3.7 trillion revenue loss between 2020 and 2024 amid muted global recovery in the...
Creditors not too keen on Videocon Group promoter’s full-payment proposal
Venugopal Dhoot, the promoter of Videocon Group, had recently offered to pay the full outstanding amount of Rs 31,000 crore...
Ex-promoter Kapil Wadhawan alleges 63 Moons of derailing DHFL’s resolution process
Ex-promoter Kapil Wadhawan has alleged that Jignesh Shah-owned 63 Moons Technologies Ltd is trying to derail the insolvency resolution process...
IBBI to conduct workshop for insolvency professionals on 14 Dec 2020
IBBI is conducting Online Advanced Workshop for insolvency professionals on “Analysis of Financial Statements of CDs and Their Personal Guarantors” on 14th December, 2020...