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)...
Liquidation
Liquidator to conduct e-auction for C&C Constructions on 8 May
The liquidator of C&C Constructions Limited will be conducting e-auction for sale of the company as going concern on 8th...
Creditors have taken 70% haircuts in 612 resolved cases under IBC so far
Financial creditors realised Rs 2.53 lakh crore from the 612 cases of resolution under the Insolvency and Bankruptcy Code, translating...
Govt panel not in favour of group insolvency for financial service providers
A government appointed panel has recommended keeping financial service providers out of the group insolvency framework, a report on which...
Summary of changes proposed in insolvency laws
To strengthen the functioning of the IBC, changes to the Code are being considered in relation to the admission of...
For success of sale as Going Concern under liquidation, more process rationalisation needed
Satyam Poddar Sale of a corporate debtor as Going Concern under liquidation process is needs further rationalisation of the processes...
Insolvency regulator proposes early liquidation of defunct corporate debtors
Why waste time in trying to go for resolution of a corporate debtor which is defunct and has no or...
Insolvency regulator proposes part resolution of corporate debtor’s assets, business
The insolvency regulator and the government, in order to make resolution under the Corporate Insolvency Resolution Process (CIRP) more viable,...
“Don’t shy away from liquidating ineffective companies”
An effective insolvency legislation should not shy away from liquidating ventures, M Rajeshwar Rao, deputy governor of Reserve Bank of...
Govt proposes sweeping changes to strengthen the liquidation process
In a consultation paper floated on 27 August 2021, the insolvency regulator in India – Insolvency and Bankruptcy Board of...