NCLT approves IOCL’s Rs 148-crore resolution plan for Mercator Petroleum
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Rs 148-crore resolution plan by government-owned Indian...
Search Results for: Go first
‘Jaypee Kensington judgement is not in consonance with principles of IBC’
While the Supreme Court in Jaypee Kensington Boulevard Apartments Welfare Association & Others v. NBCC (India) Ltd. & Others (Jaypee...
An analysis of State Tax Officer vs Rainbow Papers Limited verdict
In the case of State Tax Officer (1) v. Rainbow Papers Limited (Rainbow Papers), the Supreme Court has provided its...
Why is J&J considering filing bankruptcy in US?
Johnson & Johnson (J&J) is considering filing bankruptcy for a third time to resolve the thousands of lawsuits alleging that...
SBI to withdraw insolvency plea against Bajaj Hindusthan Sugar
State Bank of India has made a submission in NCLT regarding withdrawal of its application for initiating corporate insolvency resolution...
Torrent moves SC against approval of Reliance Capital resolution plan
After its plea to stay the approval of Reliance Capital's resolution plan was rejected by the NCLT on 1 October,...
NCLT approves Rs 79-crore resolution plan for Leela Trade Steel and Commodities
Ritzee-Pritesh Mehta JV, a Joint Venture of Pritesh Futarmalji Mehta and Ritzee Recycling Private Limited, has successfully bid for Pune-based...
Commercial Chapter 11 bankruptcies in US up 54% in August
There were 634 commercial chapter 11 filings registered in August 2023, an increase of 54% the 411 filings registered in...
NPA or default no longer only bank’s problem post-IBC: IBBI Chairman
The biggest change the Insolvency and Bankruptcy Board of India (IBBI) has brought in the system is that NPA or...
IBBI levies penalty on insolvency professional for wrong interpretation of IBC provisions
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a penalty of Rs. 1 lakh on insolvency professional Vishal...