US bankruptcy filings in November down 15%; Chapter 11 filings down 70%
The US bankruptcy filings in November 2021 at 29,325 filings across all chapters were down 15% from the 34,486 filings...
480 insolvency cases filed so far against personal guarantors: Insolvency regulator
The provisions for insolvency resolution and bankruptcy relating to personal guarantors to corporate debtors came into force in December 2019....
Is the unending CIRP saga of Amtek Auto finally coming to a closure?
Would the Corporate Insolvency Resolution Process (CIRP) of Amtek Auto finally see the light of the day after the Supreme...
GCCL Infra and Projects is first case under pre-packaged insolvency process
GCCL Infrastructure and Projects Limited becomes the first corporate debtor against which the Pre-Packaged Insolvency Resolution Process would initiate under...
Piramal Enterprises completes acquisition of DHFL; fully pays off creditors
Piramal Enterprises Limited today announced the payment of consideration for the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL), marking the...
Jet Airways to resume flights in Q1 2022
Jet Airways is all set to resume domestic operations in Q1 2022, according to the Jalan Kalrock Consortium, the successful...
Govt approves appointment of 18 members of NCLT
Given the concerns over vacant posts in National Company Law Tribunal (NCLT), the appointments committee of the cabinet has approved...
IBC is not a panacea for all ills: MS Sahoo
The insolvency and Bankruptcy Code (IBC) enables the market with the choices of resolution but it should not be considered...
ED attaches Rs 233 crore convertible preference shares of HDIL group companies
The Enforcement Directorate has attached partly paid compulsorily Convertible Preference shares worth Rs 233 crore of HDIL group companies under...
Should Swiss Challenge Method be adopted for auction of assets under liquidation?
Is Swiss Challenge Method the best way for realising maximum value of an asset under liquidation? A consultation paper floated...