Unwinding govt support may increase default risks among weaker companies in 2021: Moody’s
The uneven economic recovery in Asia and gradual unwinding of government support will also weigh on banks' asset quality to...
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In first judgement, Chennai NCLAT saves liquidator from ignominy; asks NCLT to remove adverse remarks
In its first judgement, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) came to the rescue of...
In first resolution of 2021, MCPI Pvt Ltd takes over the reins of Surat-based Garden Silk Mills
The year 2021 saw its first resolution under the Insolvency and Bankruptcy Code (IBC), when the Ahmedbad bench of the...
Why going concern status of corporate debtor important for resolution under IBC
By Archit Gupta & Vrinda Rehan A business takes capitals from different players in the market including banks, shareholders, investors,...
India’s first personal insolvency proceeding begins against first gen entrepreneur Anil Syal
Anil Syal, the chief executive officer and promoter of Flywheel Logistics Private Limited (FLPL), has become the first personal guarantor...
Power purchasing agreement cannot be terminated if power company goes into insolvency
Can a Power Purchasing Agreement (PPA) signed by a distribution company be terminated once the power generation company goes into...
Ex-RBI gov Raghuram Rajan bats for allowing promoters to participate in IBC proceedings
Former Reserve Bank of India (RBI) governor Raghuram Rajan and former deputy governor Viral Acharya have said in a jointly...
IPA governing board directors may be required to have certain minimum qualifications
The Insolvency and Bankruptcy Board of India (IBBI) has now proposed that the independent and shareholder directors in the governing...
Let NCLT first decide if spectrum can be part of insolvency proceeding: SC
The Supreme Court of India has lobbed the ball in the court of the National Company Law Tribunal (NCLT) on...
In a first, NCLT allows sale of assets attached by ED
The Kolkata Bench of the National Company Law Tribunal (NCLT) has recently allowed the liquidator to sell Varrsana Ispat Limited’s...