NCLAT adjudicated 69% of cases filed during pandemic
Union minister of Finance and Corporate Affairs Nirmal Sitharaman Minister commended the role the National Company Law Tribunal (NCLT) and...
IBC passes another test of constitutionality as SC upholds IBC Amendments Act 2020
By Megha Mittal and Ishika Basu In view of the rising need to fill critical gaps in the corporate insolvency...
Key takeaways from Supreme Court judgement upholding amendments in Section 7, 11 and 32A
The Insolvency and Bankruptcy Code (Amendment) Act, 2020, among others, inserted three provisos to section 7(1), an additional explanation tosection...
When a Sydney-based liquidator diverged insolvent Co. funds to personal accounts
A former registered liquidator from Lewisham, New South Wales, Amanda Young, has pleaded guilty to one count of fraud relating...
The turnaround story of Monnet Ispat and Energy
Monnet Ispat and Energy Ltd, renamed as JSW Ispat Special Products Ltd after its takeover by JSW Steel and AION...
Chennai bench of NCLAT to start working in virtual mode from 25 Jan 2021
The Chennai Bench of NCLAT (National Company Law Appellate Tribunal) will start functioning from 25 January 2021 through virtual mode....
‘Incomplete’ financial statements no reason for rejection of insolvency application: NCLAT
The insolvency law does not empower the National Company Law Tribunal (NCLT) to reject an insolvency petition on the ground...
Virar MLA-owned real estate firm under ED net in HDIL bank fraud case
In the Housing Development Infrastructures Ltd (HDIL) bank fraud case, the Enforcement Directorate (ED) today conducted searches in five premises...
Kwality Ltd goes for liquidation after CoC rejected Haldiram Snacks bid
Kwality Ltd, the Delhi-based dairy company, has been ordered to be liquidated after the insolvency proceeding failed to yield any...
New bankruptcy law of Brazil is a risk to corporate recoveries: Fitch Ratings
The new bankruptcy law of Brazil could lower recovery prospects for the debt of speculative-grade Latin American corporates and incentivise...