Insolvency regulator amends rules to enhance disclosure on avoidance transactions
In a significant move aimed at to bring greater scrutiny to past financial dealings of distressed companies, particularly those termed...
Committee of Creditors
NCLT orders liquidation of Ernakulam-based Greenlace Builders and Developers
In a significant development, the National Company Law Tribunal (NCLT), Kochi Bench, has ordered the liquidation of Greenlace Builders and...
1st Edition Of GCCIL-IBBI National Mock-CIRP Competition from 11 Mar
GNLU Centre for Corporate and Competition Law (GCCIL) in collaboration with Insolvency and Bankruptcy Board of India (IBBI) is organising...
More responsibilities likely for authorised representatives of homebuyers
The insolvency regulator has proposed to increase the duties of Authorised Representatives (AR) of homebuyers in the Committee of Creditors....
NCLT approves Rishikunj Vincom’s resolution plan for Narayani Steels Limited
The Kolkata bench of National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Rishikunj Vincom Private Limited...
Can a CoC member be asked to contribute towards CIRP cost?
By Arvind Mangla The question is whether CoC member(s) is/are required to or can be forced to, provide interim finance...
A financial creditor is liable to pay CIRP cost only for the period it was part of CoC
If a financial creditor is part of the committee of Creditors (CoC) then it has to pay the CIRP cost,...
NCLAT rejects employees’ plea for access to CoC meetings
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal by the employees of Corporate Debtor Sejal Glass Ltd...
Authorized representative has to be from home state or UT of majority home buyers
Home buyers, who are stuck with real estate projects going through insolvency proceedings, will now have easier access and better...