Right of payment to dissenting FCs holding security interest
The cases of: (a) Small Industries Development Bank of India v. Vivek Raheja & Others (Vivek Raheja); (b) Union Bank...
NCLT rejects insolvency petition against Dilip Buildcon
The Indore Bench of the National Company Law Tribunal (NCLT) has rejected an insolvency application filed against Bhopal-based EPC firm...
Taking stock of pre-pack insolvency cases so far
Pre-pack insolvency was notified in April 2021, and since then only eight applications have been filed to initiate pre-pack insolvency,...
Debt recovery agents vs litigation financing: Evaluating their effectiveness in India
In the complex world of financial services, debt recovery is a crucial challenge for banks and institutions. Two main solutions...
NCLT approves IOCL’s Rs 148-crore resolution plan for Mercator Petroleum
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Rs 148-crore resolution plan by government-owned Indian...
‘Jaypee Kensington judgement is not in consonance with principles of IBC’
While the Supreme Court in Jaypee Kensington Boulevard Apartments Welfare Association & Others v. NBCC (India) Ltd. & Others (Jaypee...
ED attaches Rs 538-cr assets of Jet Airways founder chairman Naresh Goyal
Directorate of Enforcement (ED) has provisionally attached properties worth Rs 538.05 crore under the provisions of Prevention of Money Laundering...
IBBI for higher involvement of stakeholders’ consultation committee in liquidation process
The Insolvency and Bankruptcy Board of India (IBBI) has come up with a number of proposals to increase the involvement...
An analysis of State Tax Officer vs Rainbow Papers Limited verdict
In the case of State Tax Officer (1) v. Rainbow Papers Limited (Rainbow Papers), the Supreme Court has provided its...
Ex-promoter offers Rs 5,847 cr to regain control of Coastal Energen
The existing owners of Coastal Energen, Mutiara & Precious Energy Holdings, have offered to pay a total of Rs 5,847...