IBBI proposes end to ‘Going Concern’ sales in liquidation for faster resolutions
The Insolvency and Bankruptcy Board of India (IBBI) has proposed to eliminate the provision allowing sale of corporate debtors (CD)...
Homebuyers can get possession of flats during insolvency process
In a significant relief for distressed homebuyers, resolution professionals can now hand over possession of plots, apartments, or buildings during...
How litigation financing is modernizing the pursuit of justice
As we step into 2025, it’s worth reflecting on the transformative impact litigation financing had on India’s legal landscape in...
Case study: Swiss Ribbons Pvt. Ltd. & Anr vs Union of India & Ors
The Swiss Ribbons Pvt. Ltd. & Anr. vs. Union of India & Ors. case pertains to a constitutional challenge in...
Can a corporate debtor avoid insolvency proceedings under Section 7 by merely changing its management?
A common misconception is that if the board or shareholding of a company changes, the new management will not be...
NCLT approves OCL Iron & Steel Ltd’s Rs 113-cr resolution plan for Helios Photo Voltaic
The NCLT approved the Rs 113-crore resolution plan submitted by OCL Iron & Steel Ltd for Helios Photo Voltaic Ltd. OCL...
Retail credit continues to moderate due to lack of demand: CIBIL
India’s retail credit growth continued to moderate in the quarter ending September 2024 due to a general cooling in the...
RBI suspends board of Aviom India Housing Finance; to start insolvency proceedings
In a significant regulatory move, the Reserve Bank of India (RBI) has superseded the board of directors of Aviom India...
Piramal Capital and Housing Finance drags Sunblink Real Estate to insolvency court
As we enter 2025, we bring you a list of companies against whom the corporate insolvency resolution process started. The...
NCLT approves Mangalam Multiplex resolution plan for Varutha Developers
The National Company Law Tribunal (NCLT), Kolkata, has approved Rs 310-crore resolution plan by Mangalam Multiplex Pvt. Ltd for debt-ridden...