SC rules no personal hearing required before banks classify loan accounts as fraud
The Supreme Court of India has held that banks are not required to grant borrowers a personal hearing before classifying...
IBC is a threat that works, but MSME creditors still get short-changed: Study
A comprehensive new study has revealed that the Insolvency and Bankruptcy Code (IBC) functions less as a formal resolution mechanism...
Supreme Court declines to stay Adani plan for Jaiprakash Associates; asks NCLAT to hear Vedanta plea on priority
The Supreme Court on Monday refused to stay the implementation of Adani Enterprises’ resolution plan for Jaiprakash Associates Ltd (JAL),...
Yatin Steels India liquidator invites bids for ₹476 crore assets
Following a prolonged insolvency process that failed to yield a viable rescue plan, the Mumbai Bench of the National Company...
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...