Commonly used IBC terms and jargons you should know
Insolvency and Bankruptcy Code is a relatively new law, and many of you, who regularly read our reports on insolvency...
Beyond UPI: Faster payment systems other countries are experimenting with
India’s Unified Payments Interface (UPI) is wining plaudits across the globe for revolutionising faster payments. The G20 Global Partnership for...
Goli Vada Pav to face insolvency proceedings after defaulting on Rs3.56 crore dues
Goli Vada Pav, the Mumbai-based fast food chain, will undergo corporate insolvency resolution process after the NCLT admitted an insolvency...
IBBI levies penalty on insolvency professional for wrong interpretation of IBC provisions
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a penalty of Rs. 1 lakh on insolvency professional Vishal...
Gujarat High Court stays insolvency proceedings against Rasna
The Gujarat High Court has stayed the order of the National Company Law Tribunal (NCLT) that directed the initiation of...
IATA blocks 2-letter designator code for bankrupt Go First
The International Air Transport Association (IATA) has blocked the two-letter designator code "G8" for Go First, a bankrupt Indian airline...
Rasna to undergo insolvency process for failing to pay Rs 71 lakh
The Rasna Private Ltd, the creator of the iconic Rasna brand of drinks, will undergo corporate insolvency resolution process (CIRP)...
Naresh Goyal booked Rs 1,000 crore personal expenses in Co. name: ED
The Enforcement Directorate, which arrested ex-Chairman of Jet Airways Naresh Goyal on 1 September 2023, has said that Goyal and...
Bids invited from asset valuers for valuation of IDBI Bank assets
The Department of Investment and Public Asset Management (DIPAM), on behalf of government of India and LIC, wishes to engage...
ED arrests Jet Airways founder Naresh Goyal in Rs 538-cr fraud case
Naresh Goyal, the founder of Jet Airways, was arrested on Friday in connection with an alleged bank fraud of Rs...