Amendments in IBC require each creditor to be informed the formula for payment of debt under resolution plan
In view of the growing number of litigations and disputes among creditors arising out of the distribution of realized amount...
Resolution plan
How Asian Colour Coated Ispat resolution plan was ‘revised’ in favour of secured financial creditors
Is there a ‘foul play’ in the manner in which the resolution plan submitted by JSW Steel Coated Products Ltd...
NCLAT dismisses plea to withdraw resolution plan for Astonfield Solar (Gujarat)
The big point of law that is being put to test under the Insolvency and Bankruptcy Code (IBC) is whether...
Suraksha ARC withdraws ‘approved’ resolution plan due to delay in legal processes
Suraksha Asset Reconstruction Ltd (Suraksha ARC), an asset reconstruction company, has withdrawn its resolution application for corporate debtor Wind World...
NCLAT rejects ex-promoter’s appeal against resolution order of Empee Distilleries
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal against the National Company Law Tribunal’s (NCLT’s) nod to...
Plea of Uttam Value Steel operational creditors for fair treatment dismissed by NCLT
It is no secret that the operational creditors have got a raw deal when it comes to getting their outstanding...