NCLT appoints new liquidator for Uniply Industries amidst suspension of previous one
The National Company Law Tribunal (NCLT), Chennai Bench, has approved the appointment of Ms. Santhanam Rajashree as the new Liquidator...
Liquidation
Hemadri Cements to consider voluntary liquidation
The Board of Andhra Pradesh-based Hemadri Cements is likely to consider viability of operations and examine the proposal for Voluntary...
How to claim unclaimed dividend or proceeds from a company under liquidation
The Insolvency and Bankruptcy Board of India (IBBI) manages unclaimed dividend and undistributed proceeds from companies undergoing liquidation through a...
IBBI proposes end to ‘Going Concern’ sales in liquidation for faster resolutions
The Insolvency and Bankruptcy Board of India (IBBI) has proposed to eliminate the provision allowing sale of corporate debtors (CD)...
IBBI mandates eBKray auction platform for liquidation processes
In a significant move to enhance transparency and streamline the liquidation process, the Insolvency and Bankruptcy Board of India (IBBI)...
FAQs on the use of eBKray portal
In collaboration with the Indian Banks’ Association (IBA), IBBI has introduced a centralized online platform, eBKray, to streamline the process...
Creditors recover Rs 3.36 lakh crore from 947 resolved CIRPs till 31 Mar’24
In the seven full (financial) years of Insolvency and Bankruptcy Code (IBC) since 2017-18, the new loan recovery system has...
IBC resolves 891 CIRPs involving Rs 10 lakh crore loans defaults
The Insolvency and bankruptcy Code (IBC) has reached a milestone of sort as it resolved nearly 900 cases of corporate...
My learnings from dealing with insolvency cases
Rohil Malhan, a young, aspiring restructuring and insolvency professional shares his learnings from dealing with insolvency cases. The learning experience...
ARSS Infrastructure Projects goes into liquidation after NCLT rejects resolution plan
The Cuttack bench of the National Company Law Tribunal, which rejected the resolution plan of Ocean Capital Market Limited (OCML)...