Here are some fraudulent transactions by ABG Shipyard uncovered during insolvency process
Even before the CBI took the lid off the bank loan fraud committed by ABG Shipyard and its promoter and...
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Future Retail moves SC against lenders; here’s the gist of the petition
Facing insolvency and bankruptcy proceedings as it is unbale to repay Rs 3,500 crores for bank liabilities due up to...
Securitisation volume growth slows to 8% in third quarter in India
Securitisation volume for the third quarter grew ~8% on year to ~Rs 29,000 crore, lifting the cumulative value of deals...
NCLT, NCLAT cannot force parties to settle an issue under IBC: Supreme Court
The Supreme Court of India has said that the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal...
IBBI, IIM-A invites research papers for international conference on insolvency
The Insolvency and Bankruptcy Board of India (IBBI) and Indian Institute of Management, Ahmedabad (IIMA) are jointly organising an international...
480 insolvency cases filed so far against personal guarantors: Insolvency regulator
The provisions for insolvency resolution and bankruptcy relating to personal guarantors to corporate debtors came into force in December 2019....
Piramal Enterprises completes acquisition of DHFL; fully pays off creditors
Piramal Enterprises Limited today announced the payment of consideration for the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL), marking the...
Jet Airways to resume flights in Q1 2022
Jet Airways is all set to resume domestic operations in Q1 2022, according to the Jalan Kalrock Consortium, the successful...
Should Swiss Challenge Method be adopted for auction of assets under liquidation?
Is Swiss Challenge Method the best way for realising maximum value of an asset under liquidation? A consultation paper floated...
Do not entertain unsolicited revision in resolution plans, suggests insolvency regulator
Taking note of the fact that request for revision of resolution plans multiple times, and submission of unsolicited plans cause...