India’s first personal insolvency proceeding begins against first gen entrepreneur Anil Syal
Anil Syal, the chief executive officer and promoter of Flywheel Logistics Private Limited (FLPL), has become the first personal guarantor...
Insolvency petitions by home buyers can’t be dismissed by merely citing malicious intent
Should an insolvency plea against the builder by home buyers be dismissed only on the pretext that the petition is...
SAT overturns SEBI decision to levy penalty on Monnet Ispat; says IBC overrides market regulator
The Securities Appellate Tribunal (SAT) has once again emphasized that IBC overrides the Securities and Exchange Board of India (SEBI),...
Madras HC dismisses petition against insolvency professionals requiring authorization for assignment
The Madras High Court has dismissed a writ petition challenging the constitutional validity of the regulation requiring an insolvency professional...
Government losing money as recoveries against statutory dues are a pittance
Is the government losing money at the cost of bankers and other creditors in the Insolvency and Bankruptcy Code (IBC)?...
One in 10 SMEs in Europe may file for bankruptcy in six months, finds McKinsey survey
One in 10 Small and Medium Enterprises (SMEs) in Europe are likely to file for bankruptcy as they face existential...
Another setback to Gujarat NRE Coke liquidation process; NCLAT halts asset sale process
There is no end to the ‘liquidation’ process of Gujarat NRE Coke, it seems. The Gujarat NRE Coke was ordered...
“Bid should become null and void if insolvency process is not completed 6 mnths after approval of resolution plan”
Mayur Ghule, Managing Director, RPMG Investment The Insolvency and Bankruptcy Code (IBC) has provided many Private Equity Funds an opportunity...
How Asian Colour Coated Ispat resolution plan was ‘revised’ in favour of secured financial creditors
Is there a ‘foul play’ in the manner in which the resolution plan submitted by JSW Steel Coated Products Ltd...
Securities Appellate Tribunal quashes Sebi order to impose Rs 20 lakh penalty on DHFL
The Securities Appellate Tribunal (SAT) has quashed an order by the Securities and Exchange Board of India (Sebi) to levy...