Recovery from resolutions in Jan-Mar’23 at 50% of admitted claims
In the January-March 2023 quarter, 70 Corporate Insolvency Resolution Processes (CIRPs) ended in resolution leading to recovery of Rs 32,137...
Section 12A
Why NCLT rejected one-time settlement proposal of Siva Industries promoter
The Chennai bench of the National Company Law Tribunal (NCLT) has cancelled the one-time settlement under section 12A of the...
Creditors not too keen on Videocon Group promoter’s full-payment proposal
Venugopal Dhoot, the promoter of Videocon Group, had recently offered to pay the full outstanding amount of Rs 31,000 crore...