Piramal Enterprises completes acquisition of DHFL; fully pays off creditors
Piramal Enterprises Limited today announced the payment of consideration for the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL), marking the...
Jet Airways to resume flights in Q1 2022
Jet Airways is all set to resume domestic operations in Q1 2022, according to the Jalan Kalrock Consortium, the successful...
Govt approves appointment of 18 members of NCLT
Given the concerns over vacant posts in National Company Law Tribunal (NCLT), the appointments committee of the cabinet has approved...
IBC is not a panacea for all ills: MS Sahoo
The insolvency and Bankruptcy Code (IBC) enables the market with the choices of resolution but it should not be considered...
ED attaches Rs 233 crore convertible preference shares of HDIL group companies
The Enforcement Directorate has attached partly paid compulsorily Convertible Preference shares worth Rs 233 crore of HDIL group companies under...
Should Swiss Challenge Method be adopted for auction of assets under liquidation?
Is Swiss Challenge Method the best way for realising maximum value of an asset under liquidation? A consultation paper floated...
Do not entertain unsolicited revision in resolution plans, suggests insolvency regulator
Taking note of the fact that request for revision of resolution plans multiple times, and submission of unsolicited plans cause...
Issuer can submit claims if bank guarantee is invoked during CIRP, clarifies Insolvency regulator
Should a live Bank Guarantee (BG) or Letter of Credit (LC) be considered as claims in a corporate insolvency resolution...
Govt proposes sweeping changes to strengthen the liquidation process
In a consultation paper floated on 27 August 2021, the insolvency regulator in India – Insolvency and Bankruptcy Board of...
A code of conduct for CoC, finally
The Code of Conduct for Committee of Creditors is finally going to be true. In a consultation paper released on...