NCLAT orders liquidation of KS Oils as NCLT ‘ignores’ creditors’ repeated petitions
In a scathing commentary on the failure of the National Company Law Tribunal (NCLT) to perform its role, the National...
SC dashes Gujarat NRE Coke promoter’s hope; bars him from proposing scheme of compromise during liquidation
The Supreme Court has dashed all hopes of Arun Kumar Jagatramka, the former promoter of Gujarat NRE Coke, of getting...
Why Orchid Pharma shares have jumped 7,346% since relisting on exchanges
The Orchid Pharma share prices have surged from 7,346% since their relisting on exchanges on 2 November 2020. The share...
SC paves way for Rekha Jhunjhunwala-led consortium to acquire Ricoh India
The Supreme Court of India has reinstated the resolution application submitted by the consortium of Kalpraj Dharamshi and Rekha Jhunjhunwala for Ricoh India. The...
UK govt extends ban on commercial evictions of businesses by three months
The UK government has extended the ban on commercial evictions of business owners -- many of whom have had to...
US bankruptcy commercial filings decline 45% in Feb; Chapter 11 filings drop 23%
Total US bankruptcy commercial filings in February 2021 decreased 45% over the same period last year, according to data provided...
“Liquidation of EPC companies yields catastrophic outcomes”
India cannot achieve its infrastructure ambitions if hundreds of EPC companies languish in insolvency. A virtual session on ‘Distressed Debt in...
SC excludes one year to 14 March ’21 for computing limitation period
The Supreme Court has ordered exclusion of period from 15 March 2020 to 14 March 2021 for computing limitation period...
SC stays termination of power purchasing agreement by Gujarat Urja Vikas Nigam Ltd on grounds of insolvency
In an important judgment, the Supreme Court has said that the NCLT/NCLAT had correctly stayed the termination of the Power...
How women insolvency professionals have fared in IBC: An analysis in numbers
Clockwise from top left: Mamta Binani, Charu Desai and Vandana Garg How have women insolvency professionals (IPs) fared in the...