Rights of operational creditors to seek judicial review of resolution plan before NCLT
By Pallavi Parmar The IBC Code has provided with different sets of creditors – while financial creditors are to predominantly...
Singapore govt extends Simplified Insolvency Programme by 18 months
The Singapore government has extended the application period for the Simplified Insolvency Programme (SIP) by 18 months, to end on 28...
Further bankruptcy restrictions for bounce-back loan abuse in UK
Five individuals have separately been made subject to bankruptcy restrictions totalling 48 years as the Insolvency Service continues to identify...
Insolvency plea under Sec 7 not barred by limitation if debt is acknowledged before expiry of 3-yr period
The Supreme Court of India in an important judgement has held that an application under Section 7 of the Insolvency...
India’s top 25 willful defaulters include Gitanajli Gems, Era Infra
In a reply to a question in Parliament, Minister of State, Finance, Bhagwat Karad released the list of India's top...
Over Rs 1,800 crore assets attached in Yes Bank, DHFL loan fraud case
The Enforcement Directorate (ED) makes further attachment in the loan fraud case involving DHFL and Yes Bank. In the latest...
Alok Industries revival faces many challenges
Alok Industries, which underwent a corporate insolvency resolution process, has been making steady progress even if it is struggling to...
Sahara Hospitality escapes insolvency proceedings by paying Rs 8 cr to creditor
The insolvency application filed against Sahara Hospitality has been withdrawn by operational creditor Delta Electro Mechanical Private Ltd. under Section...
Dalmia Cement (Bharat) among two left in race to acquire Andhra Cement
Dalmia Cement (Bharat) Limited and Sagar Cements Limited are in the race for acquiring Jaypee Group’s Andhra Cement, which is...
NCLT snubs Amazon as it dismisses latter’s plea against insolvency petition of Future Retail
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s plea to initiate corporate...