ED finds resolution professional colluding with BPSL promoters
The Enforcement Directorate (ED), the agency that investigates money laundering cases in India, has found resolution professional MK Khandelwal involved...
Post-Ruchi Soya, Sebi rethinks exemptions given to listed CIRP companies
The unexpected surge in Ruchi Soya share prices post-acquisition by Patanjali Ayurveda Ltd has forced the Securities and Exchange Board...
Sharing financial details with Information Utility not mandatory for filing IBC application: HC
The Calcutta High Court has struck down an order passed by the Principal Bench of Delhi NCLT making it mandatory...
This is how India’s personal bankruptcy framework may look like
As Indian insolvency and bankruptcy authorities are getting ready to roll-out personal insolvency regulations, it only natural for the curiosity...
Insolvency law cannot escape Limitation Act, says Supreme Court
In a big setback to the insolvency and bankruptcy code (IBC) in the country, the Supreme Court in a major...
NCLAT dismisses home buyers’ insolvency plea against Ansal Properties
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of Delhi Bench of NCLT to initiate insolvency...
Third-party fraud allegation cannot be entertained under IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea keeping a particular a plot of land out of...
MSME promoter regains his firm after lengthy insolvency proceeding
Even as the government is planning to make sweeping changes in the insolvency and the bankruptcy laws for the MSME...
Mamta Binani: Baptism by Fire
Mamta Binani, an insolvency professional, lawyer and a company secretary, may have earned many laurels in her illustrious career –...
One-time restructuring of loans to worsen banks’ asset quality: Fitch Ratings
The Reserve Bank of India’s (RBI) recent proposal of one-time restructuring of loans will extend uncertainty over the banking sector’s...