NCLT approves Piramal Group’s bid for DHFL
The Mumbai Bench of NCLT has today approved the resolution plan submitted by Piramal group for acquisition of housing finance...
Tata Steel Mining’s bid for West Bengal-based ferro alloy manufacturer gets lenders’ nod
Tata Steel Mining Limited (TSML), a wholly owned subsidiary of Tata Steel Limited, has been declared as the successful resolution...
No end to Jaypee Infratech CIRP as NBCC submits revised bid
There’s no end to the Jaypee Infratech Corporate Insolvency Resolution Process (CIRP) as NBCC submitted its revised bid for the...
DHFL reports Rs 12,736 crore fraudulent transactions in Jan-March 2020-21
The distressed housing finance company DHFL has reported additional transaction amounting Rs 12,736 crore as fraudulent, undervalued and preferential in...
ArcelorMittal arm offers Rs 4,000 crore for Uttam Galva Steels; CoC approves bid
The Committee of Creditors of Uttam Galva Steels Limited has approved the Resolution Plan submitted by AM Mining India Private...
Valuations in the time of COVID-19 pandemic
By Dr SK Gupta The global spread of COVID-19 is having a significant impact on the global economy and financial...
Regulator issues guidelines for selection of panel for insolvency professionals
In order to reduce the delay by the Insolvency and Bankruptcy Board of India (IBBI) in recommending insolvency professionals who...
NCLT allows new management to complete statutory compliances prior to resolution
The Mumbai bench of the National Company Law Tribunal (NCLT) has in an important judgement allowed the successful resolution applicant...
Is IBC losing its sting? Recovery rate drops to 39%
Is the Insolvency and Bankruptcy Code (IBC) losing its sting? After the recent controversies on giving backdoor entry to ‘unscrupulous’...
Appellate tribunal questions NCLT’s hurry in forcing CoC to consider DHFL promoter’s settlement offer
While staying the NCLT’s 19th May order asking the administrator and the Committee of Creditors (CoC) in the Dewan Housing...