IBC resolves 891 CIRPs involving Rs 10 lakh crore loans defaults
The Insolvency and bankruptcy Code (IBC) has reached a milestone of sort as it resolved nearly 900 cases of corporate...
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New liquidation rules allow liquidator to cut reserve price of assets by 25%
In a move to improve the efficiency and transparency of the liquidation process, the Insolvency and Bankruptcy Board of India...
Class Action Suits in India: Role of Litigation Funding
As societies develop and evolve, the frequency of disputes has correspondingly increased, and individuals have become more cognizant of their...
NCLT approves Ramkrishna Forgings Rs 129-cr resolution plan for ACIL Limited
The National Company Law Tribunal, New Delhi, has approved the Rs 129 crore resolution plan submitted by Ramkrishna Forgings Limited...
NARCL completes acquisition of SREI Infra Finance & Equipment Finance
National Asset Reconstruction Company (NARCL) on 8th December 2023 signed documents for acquisition of the two SREI companies – SREI...
Singla Builders resolution plan promises delivery of flats to homebuyers of Ansal Lotus Melange
Great news for Ansal Lotus Melange homebuyers. The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by...
Challenges and way forward for real estate insolvencies in India
Anchal Jindal, an insolvency expert, discusses the challenges of and way forward for real estate insolvencies in the country. Real...
Delinquency in small-ticket personal loans grows by 120 bps in June quarter: TransUnion Cibil
India’s retail credit market continued to show sustained growth during Q2 2023, with consumption-led demand driving the need for credit....
Right of payment to dissenting FCs holding security interest
The cases of: (a) Small Industries Development Bank of India v. Vivek Raheja & Others (Vivek Raheja); (b) Union Bank...
Taking stock of pre-pack insolvency cases so far
Pre-pack insolvency was notified in April 2021, and since then only eight applications have been filed to initiate pre-pack insolvency,...