How JNPT lost its bid for Dighi Port to Adani Ports & SEZ
Adani Ports and Special Economic Zone (APSEZ) completed the acquisition of 100% Dighi Port Limited for Rs 705 crore on...
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ICAI warns CAs, students against objectionable social media posts
So why is the Institute of Chartered Accountants of India (ICAI) asking CAs and students exercise caution while sharing their...
Financial creditors cease to be related party to avoid exclusion should also be barred from CoC: SC
In a landmark judgment on 1 February 2021, the Supreme Court of India in Phoenix ARC Vs Spade Financial Services...
IBC passes another test of constitutionality as SC upholds IBC Amendments Act 2020
By Megha Mittal and Ishika Basu In view of the rising need to fill critical gaps in the corporate insolvency...
Key takeaways from Supreme Court judgement upholding amendments in Section 7, 11 and 32A
The Insolvency and Bankruptcy Code (Amendment) Act, 2020, among others, inserted three provisos to section 7(1), an additional explanation tosection...
The turnaround story of Monnet Ispat and Energy
Monnet Ispat and Energy Ltd, renamed as JSW Ispat Special Products Ltd after its takeover by JSW Steel and AION...
UK company insolvencies rise 9% in December 2020; individual insolvencies declines
In December 2020, UK company insolvencies for the first time were higher than the comparable month in 2019 since the...
Piramal Group wins the bid for DHFL
The Committee of Creditors (CoC) has approved the Piramal Group's resolution plan for Dewan Housing Finance Corporation Ltd (DHFL), which...
New pre-pack framework allows promoters to keep control of CD; stipulates a shorter timeline
And the much-awaited pre-pack scheme is here. The government-constituted sub-committee of Insolvency Law Committee has finally drafted the pre-pack framework,...
Insolvency Professional must keep records of CIRP safe for 8 years
An Insolvency Professional (IP) should preserve copies of records generated in electronic form for a minimum period of eight years,...