Another setback to Gujarat NRE Coke liquidation process; NCLAT halts asset sale process
There is no end to the ‘liquidation’ process of Gujarat NRE Coke, it seems. The Gujarat NRE Coke was ordered...
Liquidation
Creditors lose more than Rs 5 lakh crore as 950 insolvent companies go into liquidation
Could the Insolvency and Bankruptcy Code (IBC) have saved thousands of crores of banks’ money if it had worked more...
Jatin Mehta’s Winsome Diamond, Forever Precious Jewellery now under liquidation
Jatin Mehta-owned Winsome Diamond and Jewellery Ltd, an exporter of polished diamond, and Forever Precious Jewellery and Diamonds, designer and...
IBBI proposes new measures to make liquidation process faster
The Insolvency and Bankruptcy Board of India (IBBI) has finally shifted its focus to the much ignored area of unending...
PNB receives $3.25 mn from liquidation of Nirav Modi-owned Cos in US
Punjab National Bank (PNB) has received Rs 24.33 crore ($3.25 million) as proceeds from the liquidation of Nirav Modi-owned companies...
Third-party fraud allegation cannot be entertained under IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea keeping a particular a plot of land out of...