Increased default limit for triggering insolvency not applicable retrospectively: NCLAT
The Central Government’s notification dated 24 March 2020 enhancing the minimum amount of default limit from Rs one lakh to...
Let the vacuum left by suspension of IBC be filled by Mediation
By Sanjeev Ahuja Mediation is also often described as "assisted and without prejudice negotiation” and rightly so. The process is...
Why ARCs should get a chance to bid for corporate debtors under IBC
Should the asset reconstruction companies (ARCs) be allowed to submit resolution plan under the Insolvency and Bankruptcy Code? It’s a...
Unpaid lease rentals qualify as operational debt under IBC, rules NCLAT
Should lease rentals dues arising from the ‘Leave and Licence Agreement’ be categorized as an operational debt under the Insolvency...
Who is Murari Lal Jalan, the NRI who is looking to acquire insolvent Jet Airways?
The insolvent airlines company Jet Airways is likely to be acquired by a consortium of NRI Murari Lal Jalan and...
NCLT dismisses Customs Dept’s plea against Jyoti Structures resolution plan
The National Company Law Tribunal (NCLT) has dismissed the plea of customs department to revoke the resolution plan of Jyoti...
US Chapter 11 commercial insolvency filings register 78% growth in September
The number of Chapter 11 commercial business insolvency filings in the US continues to see a sharp jump as Covid-19...
ED arrests CFO, internal auditor of Cox and Kings in money laundering case
The Enforcement Directorate today arrested Anil Khandelwal , Chief Finance Officer and Naresh Jain, internal auditor of Cox and Kings...
Trials and tribulations of personal insolvency regime in India
Even as India is looking to roll-out its personal insolvency regime, a look at the bankruptcy provisions for personal guarantors...
Creditors have recovered 92% more than value of assets of rescued firms under IBC, says IBBI Chief
The primary objective of the Insolvency and Bankruptcy Code (IBC) is to rescue firms in distress, and that the insolvency...