In first resolution of 2021, MCPI Pvt Ltd takes over the reins of Surat-based Garden Silk Mills
The year 2021 saw its first resolution under the Insolvency and Bankruptcy Code (IBC), when the Ahmedbad bench of the...
Another Anil Ambani firm faces insolvency; NCLT admits IBC petition against Business Broadcast News
New service agency -- Cogencis Information Services – has initiated insolvency proceedings against Business Broadcast News Private Limited, the erstwhile...
Sister, brother-in-law turn approver in Nirav Modi bank fraud case; reveals Rs 580 cr more assets of the fugitive
Nirav Modi’s sister Purvi Modi and her husband Maiank Mehta have filed application before Special PMLA Court in Mumbai asking...
Entrance test for Graduate Insolvency Programme to be held on 9 May; registration begins from 20 January
The Graduate Insolvency Programme Common Entrance Test (GIPCET) for 2021-23 session will be held on 9 May 2021, the registration...
Can a corporate debtor file insolvency petition against another? Yes, says NCLAT
Can a company, against which an insolvency proceeding is undergoing, file insolvency application against another? In an order dismissing a...
Nithia Capital and CarVal complete acquisition of Uttam Galva Metallics, Uttam Value Steel
Nithia Capital, a global distressed alternative asset manager and advisors, and CarVal Investors, a global alternative investment manager focused on...
Regulator red-flags actions of IP Anil Goel again; lets him off with warning
Insolvency professional Anil Goel, who earlier also had a brush with the insolvency law, was once again under the insolvency...
Insolvency Professional must keep records of CIRP safe for 8 years
An Insolvency Professional (IP) should preserve copies of records generated in electronic form for a minimum period of eight years,...
Australia rolls back changes in insolvency laws triggered by Covid-19 from 1 January
Even as India extended the suspension of Insolvency and Bankruptcy Code till March 2021, many countries have started rolling back...
Sintex Plastics settles vendor’s dues; may escape insolvency proceedings
Sintex Plastics Technology, the Kalol, Gujarat-based listed company, has reached a settlement with operational creditor Zielen Industries Private Ltd and...