US bankruptcy filings fall 24% in 2021
Total US bankruptcy filings during calendar year 2021 decreased 24% from 2020 amid stabilization measures and lender forbearance in response...
When Committee of Creditors had a change of heart
In IBC, they say you cannot question the commercial wisdom of the Committee of Creditors (CoC). While not everyone concurs...
FISME demands priority in payment to MSME operational creditors under insolvency resolution process
The Federation of Indian Micro, Small and Medium Enterprises (FISME) has proposed for some amendments in Insolvency and Bankruptcy Code...
Why did NCLAT throw out petition by Venugopal Dhoot in Videocon Industries CIRP case
While setting aside the NCLT’s order approving Twin Star Technologies Ltd’s resolution plan in the Videocon Industries Ltd corporate insolvency...
What made NCLAT set aside Twin Star Technologies resolution plan for Videocon group of companies
The National Company Law Appellate Tribunal (NCLAT) has in a landmark judgement has set aside an order of the Mumbai...
NCLT approves Raajratna Metals Industries’ resolution plan for Real Strips Ltd
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of Raajratna Metals Industries Limited...
Committee of Creditor of Reliance Capital holds its first meeting
The first meeting of the Committee of Creditors of Reliance Capital was duly convened and conducted on Wednesday, January 5,...
Banks Gross NPAs may increase 120 bps to 8.1% by September ’22: RBI Financial Stability Report
Macro stress tests for credit risk indicate that the gross non-performing assets (NPAs) of Scheduled Commercial Banks (SCBs) may increase...
Amount involved in fresh bank frauds drops 56% in 2020-21
The number of fresh bank frauds as well as the amount involved in them saw a drastic fall in 2020-21,...
NCLT rejects payment discrimination petition by dissenting creditors of Jyoti Structure
Any increase in the claim amount of the assenting Financial Creditors (FCs) due to the invocation of Bank Guarantees as...