Vedanta Group chairman hints at ‘foulplay’ in Jaiprakash Associate resolution process
Chairman of Vedanta Group, Anil Agarwal, has escalated tensions with the Adani Group after the latter managed to outbid Vedanta...
Go Airlines hits final runway: E-auction announced for key assets
The long-drawn insolvency saga of Go Airlines (India) Limited, formerly known as Go First, has entered its terminal phase. The...
LG Chem Life Sciences India enters voluntary liquidation; Move aligns with global corporate restructuring
LG Chem Life Sciences India Private Limited has officially commenced a voluntary liquidation process, marking a significant structural shift for...
IIMA study reveals major post-IBC recovery; Sales up 89%, market cap triples
A comprehensive study released by the Indian Institute of Management Ahmedabad (IIMA) , in collaboration with the Insolvency and Bankruptcy...
NCLT dismisses insolvency proceedings against ATS Heights, clearing path for ATS Knightsbridge completion
The National Company Law Tribunal (NCLT) New Delhi Bench has formally dismissed the insolvency proceedings against ATS Heights Private Limited,...
Supreme Court rules on ‘clean slate’ principle: Ujaas Energy allowed limited defence against counterclaims
In a significant judgment concerning the intersection of insolvency law and arbitration, the Supreme Court of India has clarified the...
SC upholds Varutha Developers resolution plan; rejects plea by unsuccessful bidder
In a ruling reinforcing the finality of insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), the Supreme Court of...
Details of Adani Group’s Rs 15,000-cr resolution plan for Jaiprakash Associates
In a landmark development for India’s infrastructure sector, the National Company Law Tribunal (NCLT) Allahabad Bench has approved a comprehensive...
Section 29A in practice: SC, NCLAT & NCLT’s approach to ineligibility in CIRP
Section 29A of the Insolvency and Bankruptcy Code, introduced in 2017, bars defaulting promoters, wilful defaulters and other tainted persons...
NCLT approves Rs 700 cr resolution plan for Raigarh Champa Rail Infrastructure
In a significant ruling that brings a five-year-long insolvency proceeding to a close, the National Company Law Tribunal (NCLT) in...