PUFE transactions under IBC
In this write-up, we explain the legal meaning of PUFE Transactions. PUFE stands for preferential, undervalued, fraudulent and extortionate (PUFE)...
What is Section 29A of IBC?
Section 29A: Persons not eligible to be resolution applicant. A person shall not be eligible to submit a resolution plan,...
Jet Airways revival in doubt after resignation of CEO designate
The CEO-designate of Jet Airways 2.0, Sanjiv Kapoor, has resigned, dealing a significant blow to the airline's revival efforts. Kapoor,...
Reliance Capital lenders to meet today; IIHL to present its resolution plan
So, what is next in the Reliance Capital insolvency proceedings after the Hinduja Group firm IIHL made the winning bid...
Sathavahana Ispat merges with Jindal Saw after latter pays full resolution amount
Successful resolution applicant Jindal Saw Limited has released the entire amount of Rs 694 crore for Hyderabad-based Sathavahana Ispat, the...
Hindujas emerge highest bidder with Rs 9,650 crore bid for Reliance Capital
Reliance Capital corporate Insolvency Process has come closer to completion with Hinduja Group firm IIHL emerging as the highest bidder...
Intent of corporate debtor irrelevant in establishing existence of preferential transaction: NCLAT
Can money arranged from relative by a corporate debtor be held as preferential transaction? The National Company Law Appellate Tribunal...
Retailer Bed, Bath & Beyond files Chapter 11 bankruptcy in US Court
Bed Bath & Beyond Inc, the Nasdaq-listed retailer on Sunday announced that it and certain of its subsidiaries filed voluntary petitions...
Insolvency proceedings against Seya Industries withdrawn after settlement with lenders
The corporate insolvency resolution process against Seya Industries has been suspended after the insolvency petition against the company has been...
Reliance Retail, Adanis and Jindal Power among 48 entities in final list of suitors for Future Retail
Reliance Retail, Adani group-backed April Moon Retail, Jindal Power and JC Flowers Asset Reconstruction Company are among the 48 entities...