NCLT can under Section 32A order release of corporate debtor’s properties attached by ED
The Bombay High Court has recently said that the NCLT was well within its jurisdiction in declaring that the corporate...
Legalpay aims to double litigation funding AUM at $1 bn by 2024-end
LegalPay, a litigation funding company, has announced it has successfully managed claims worth $400 million since 2020 empowering over 1,000 businesses to...
A lowdown on IIHL’s Rs 9,661 crore resolution plan for Reliance Capital
The resolution plan submitted by IndusInd International Holdings Ltd (IIHL) for Reliance Capital proposes to pay Rs 9,661 crore against...
Rs 16 lakh PA average salary of 3rd batch of Graduate Insolvency Programme
The third batch of the Post Graduate Insolvency Programme (PGIP) received an average package of Rs 16 lakh a year,...
NCLT approves Rs 9,661 cr IIHL resolution plan for Reliance Capital
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Rs 9,661 crore resolution plan submitted by...
IBC resolves 891 CIRPs involving Rs 10 lakh crore loans defaults
The Insolvency and bankruptcy Code (IBC) has reached a milestone of sort as it resolved nearly 900 cases of corporate...
Insolvency regulator gives nod to project-specific resolution of real estate CIRPs
The insolvency regulator has finally given a go ahead to project-specific resolution of corporate insolvency resolution process involving real estate...
Patanjali allowed to participate in Rolta India CIRP as resolution applicant
The Mumbai Bench of the National Company Law Tribunal (NCLT) has allowed Patanjali Ayurved Ltd to participate in the corporate...
SpiceJet CMD Ajay Singh, Busy Bee Airways submit bid for GoFirst
Chairman and Managing Director of SpiceJet Ajay Singh and Busy Bee Airways Private Limited have jointly submitted a bid for...
New liquidation rules allow liquidator to cut reserve price of assets by 25%
In a move to improve the efficiency and transparency of the liquidation process, the Insolvency and Bankruptcy Board of India...