Existing shareholders may get a pie of stake in the new entity post-CIRP
The Securities and Exchange Board of India (Sebi) has proposed that existing public equity shareholders of a corporate debtor should...
SC approves resolution plan of ArcelorMittal for Odisha Slurry Pipeline Infrastructure
In a significant victory for the ArcelorMittal Group, the Supreme Court of India on 10 November 2022 approved the resolution...
Insolvency regulator revokes a dozen circulars
The Insolvency and Bankruptcy Board conducted an exercise of review of regulations, circulars based on experience gained. It is observed...
Titagarh Wagons get temporary reprieve; NCLAT halts insolvency proceedings
Titagarh Wagons Ltd gets a temporary reprieve from the National Company Law Appellate Tribunal (NCLAT) when it stayed the initiation...
Monetary penalty for certain non-disclosures and contraventions by insolvency professionals
Here are the list of monetary penalty mandated by the insolvency regulator for certain non-disclosures and non-compliances by insolvency professionals...
Srei Equipment Finance reports Rs 1,500 cr more fraudulent transactions
More fraudulent transactions have been detected by the forensic auditors in Srei Equipment Finance, a wholly owned subsidiary of Srei...
For success of sale as Going Concern under liquidation, more process rationalisation needed
Satyam Poddar Sale of a corporate debtor as Going Concern under liquidation process is needs further rationalisation of the processes...
India’s household credit to GDP ratio reaches 37.7% in 2020
India’s household credit to GDP ratio is catching up with its emerging peers, an RBI report said on Monday. According...
Salient features of resolution plan submitted by ArcelorMittal for Uttam Galva Steels
The National Company Law Tribunal (NCLT) recently approved the resolution plan submitted by ArecelorMittal group for Uttam Galva Steels under...
ArcelorMittal group gets NCLT nod to acquire Uttam Galva Steel
The Mumbai bench of the National Company Law Tribunal (NCLT) has given its approval to Rs 4,000-crore resolution plan submitted...