NCLT approves Piramal Group’s bid for DHFL
The Mumbai Bench of NCLT has today approved the resolution plan submitted by Piramal group for acquisition of housing finance...
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Invesco Mutual Fund initiates insolvency proceedings against Sintex Industries
Invesco Mutual Fund, also Invesco Asset Management (India) Private Ltd , has initiated corporate insolvency resolution process against Gujarat-based Sintex...
Why approval of fees of a professional is not treated as commercial wisdom of CoC
By Arvind Mangla In a recent judgement the Supreme Court of India in Alok Kaushik Vs Bhuvaneshwari Ramanathan and Others...
US bankruptcy filings reverse downward trend; jump 39% in March over February
The effects of government supports given to businesses and individuals last year owing to Covid-19 seems to be petering out...
Is there a need for basic guidelines on fixing insolvency professionals’ fee?
The subjective nature of regulations governing the fee charged by insolvency professionals (IPs) often leads to undue scrutiny of IPs,...
SC stays termination of power purchasing agreement by Gujarat Urja Vikas Nigam Ltd on grounds of insolvency
In an important judgment, the Supreme Court has said that the NCLT/NCLAT had correctly stayed the termination of the Power...
How women insolvency professionals have fared in IBC: An analysis in numbers
Clockwise from top left: Mamta Binani, Charu Desai and Vandana Garg How have women insolvency professionals (IPs) fared in the...
Resolution of DHFL’s distress: A shot in the arm for IBC financial services provider’s rules
Anchal Jindal, Senior Associate, Areion Group By Anchal Jindal The resolution of insolvency crisis of Dewan Housing Finance Corporation Limited...
Manpasand Beverages faces flurry of insolvency petitions as losses mount, sales sink
Manpasand Beverages is facing a flurry of insolvency petitions even as losses continue to mount for the Vadodara, Gujarat-based manufacture...
Australian Supreme Court suspends registration of liquidator Peter Ivan Macks for three years
The Supreme Court of South Australia on 12 February 2021 suspended Peter Ivan Macks’ liquidator registration for a period of...