NCLT, NCLAT cannot force parties to settle an issue under IBC: Supreme Court
The Supreme Court of India has said that the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal...
Insolvency process against Nagarjuna Fertilizers remains suspended
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has continued its stay on the Hyderabad NCLT’s 27...
NFRA’s suggestion to exempt MSMEs from statutory audit may prove a hurdle in insolvency resolution
The National Financial Reporting Authority (NFRA)'s consultation paper -- Statutory Audit and Auditing Standards for Micro, Small and Medium Companies...
RIL, Welspun Group among four to bid for Sintex Industries
Reliance Industries and Welspun Group are among the four companies which have bid for acquiring Sintex Industries Ltd, a company...
IBBI, IIM-A invites research papers for international conference on insolvency
The Insolvency and Bankruptcy Board of India (IBBI) and Indian Institute of Management, Ahmedabad (IIMA) are jointly organising an international...
US bankruptcy filings in November down 15%; Chapter 11 filings down 70%
The US bankruptcy filings in November 2021 at 29,325 filings across all chapters were down 15% from the 34,486 filings...
480 insolvency cases filed so far against personal guarantors: Insolvency regulator
The provisions for insolvency resolution and bankruptcy relating to personal guarantors to corporate debtors came into force in December 2019....
Is the unending CIRP saga of Amtek Auto finally coming to a closure?
Would the Corporate Insolvency Resolution Process (CIRP) of Amtek Auto finally see the light of the day after the Supreme...
GCCL Infra and Projects is first case under pre-packaged insolvency process
GCCL Infrastructure and Projects Limited becomes the first corporate debtor against which the Pre-Packaged Insolvency Resolution Process would initiate under...
Piramal Enterprises completes acquisition of DHFL; fully pays off creditors
Piramal Enterprises Limited today announced the payment of consideration for the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL), marking the...