IBBI releases guidelines for selection of panel of insolvency professionals
The Insolvency and Bankruptcy Board of India (IBBI), the insolvency regulator, has sought expression of interest from insolvency professionals by...
Resolution plan
Sathavahana Ispat merges with Jindal Saw after latter pays full resolution amount
Successful resolution applicant Jindal Saw Limited has released the entire amount of Rs 694 crore for Hyderabad-based Sathavahana Ispat, the...
Commercial wisdom of CoC in approval or rejection of Resolution Plan
The Insolvency & Bankruptcy Code, 2016 (IBC/ Code) is creditor driven insolvency regime. Under the code there has been a...
“Separate the process of approval of resolution plan and distribution of proceeds”
In order to avoid wastage of time due to objections about the distribution of proceeds raised when the resolution plan...
Insolvency panel for curb on revision of resolution plans, code of conduct for CoC
In order to address the issue of delays in Corporate Insolvency Resolution Plan (CIRP) and remove inefficiencies in the process,...
NCLAT stays implementation of Videocon resolution plan
In a setback to the resolution process of Videocon Industries and other group companies, the National Company Law Appellate Tribunal...
Resolution plan binding on Central & state govts, local authorities, says Supreme Court
The Supreme Court in an important judgement on has reiterated that once a resolution plan is duly approved by the...
CoC can reject any number of resolution plans, if it does not find them viable
No matter how many resolution plans have been submitted in a corporate insolvency resolution process (CIRP), if the Committee of...
Homebuyers’ fate hangs in balance as no bidders show interest in HDIL
Thousand of homebuyers’ fate hangs in balance as Housing Development and Infrastructure Limited (HDIL), the Mumbai-based infrastructure company, has not...
Unsuccessful resolution applicant has no right to question implementation of approved resolution plan
Once a resolution applicant is out of the fray to acquire a corporate debtor in an insolvency proceeding, the unsuccessful...