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...
NCLAT dismisses plea to withdraw resolution plan for Astonfield Solar (Gujarat)
The big point of law that is being put to test under the Insolvency and Bankruptcy Code (IBC) is whether...
Syllabus and details of Limited Insolvency Examination to be held from 1 Jan 2021
The next Limited Insolvency Examination (Examination) under regulation 3 (3) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals)...
What’s next in the farm sector reforms: A special bankruptcy law for farmers?
Even as the government push for farm sector reforms, the indebtedness of farmers in India continues to be a pestering...