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...
IFC to invest $100 million in JC Flowers’ India distressed assets fund
International Financial Corporation (IFC), a member of the World Bank Group, is partnering with JC Flowers & Co to help...
Invesco Mutual Fund initiates insolvency proceedings against Sintex Industries
Invesco Mutual Fund, also Invesco Asset Management (India) Private Ltd , has initiated corporate insolvency resolution process against Gujarat-based Sintex...
Resolution plan binding on Central & state govts, local authorities, says Supreme Court
The Supreme Court in an important judgement on has reiterated that once a resolution plan is duly approved by the...