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...
How high-flying FMCG Startup Fizzy Foodlabs ended up in liquidation
Fizzy Foodlabs Ltd, an FMCG start-up co-founded by three IIT Bombay batchmates in 2012, was on its way to greatness...
Power purchasing agreement cannot be terminated if power company goes into insolvency
Can a Power Purchasing Agreement (PPA) signed by a distribution company be terminated once the power generation company goes into...
How popular brands of yesteryears failed to rekindle their old world charm under IBC
If you have not yet realized how the old world around you is falling apart, just look at the list...
‘Graduate Insolvency Programme is a unique course that combines practical and theoretical knowledge’
Ektaa Mathur, a 1st year student of Graduate Insolvency Programme (GIP) at the Indian Institute of Corporate Affairs (IICA), thinks...
How a 30-year-old property deal involving a DLF subsidiary landed in insolvency tribunals in 2020
A dispute arising out of a property deal in 1989 landed up in insolvency tribunals in 2020. Is this a...
Making a strong case for liquidation sales at undisclosed reserve prices
By Megha Mittal As per Regulation 39 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation...