NCLT can either admit or reject an insolvency petition; it has no third option, says NCLAT
Under the insolvency and Bankruptcy Code (IBC), the adjudicating authority has only two options, either to admit an insolvency application...
Manpasand Beverages faces flurry of insolvency petitions as losses mount, sales sink
Manpasand Beverages is facing a flurry of insolvency petitions even as losses continue to mount for the Vadodara, Gujarat-based manufacture...
Australian Supreme Court suspends registration of liquidator Peter Ivan Macks for three years
The Supreme Court of South Australia on 12 February 2021 suspended Peter Ivan Macks’ liquidator registration for a period of...
How JNPT lost its bid for Dighi Port to Adani Ports & SEZ
Adani Ports and Special Economic Zone (APSEZ) completed the acquisition of 100% Dighi Port Limited for Rs 705 crore on...
Standard Chartered Bank executive held for taking bribe from borrower
A Standard Chartered Bank official was arrested by the Central Bureau of Investigation (CBI) while taking a bribe of Rs...
ICAI warns CAs, students against objectionable social media posts
So why is the Institute of Chartered Accountants of India (ICAI) asking CAs and students exercise caution while sharing their...
No relationship between size of debt and delay in resolution under IBC, says IBBI study
Inordinate delay in the resolution process is one of the biggest challenges that the insolvency and bankruptcy regime in the...
Personal insolvency cases in Australia drop 54.4% in December quarter
Personal insolvency cases dropped 54.4% year-on-year in the December 2020 quarter, according to the latest personal insolvency statistics released by Australian...
HC dismisses Kolkata Municipal Corporation plea challenging IRP’s control over attached property
Can a property having been seized by a government agency in recovery of its statutory claims against the corporate debtor...
NCLT paves the way for liquidation of realtor estate developer 3C Homes
The Delhi bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of real estate developer Three C...