NCLT clears Rs 21-crore Netscape consortium plan for Juhi Industries; lenders take 97.5% haircut
The Kolkata bench of the National Company Law Tribunal (NCLT) has approved a Rs 21-crore resolution plan for Juhi Industries...
Supreme Court
SC halts BPSL liquidation as JSW Steel plans to seek review
The Supreme Court on Monday paused liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), granting temporary relief to JSW...
Bhushan Power resolution plan implementation as per law: JSW Steel
JSW Steel has said that it implemented the resolution plan for Bhushan Power and Steel Ltd in compliance with law...
Case study: Innoventive Industries Vs ICICI Bank
The case involved an appeal concerning the Insolvency and Bankruptcy Code of 2016. The appellant, Innoventive Industries Ltd., faced losses...
SC stays NCLAT order asking NBCC to build stalled projects of Supertech
The Supreme Court of India has stayed the National Company Law Appellate Tribunal's (NCLAT) order appointing NBCC (India) Limited as...
SC judgment in Celir LLP case to spur confidence in resolutions through SARFAESI: India Ratings
The recent judgment by the Supreme Court of India on the time-bound redemption rights of borrowers is advantageous for asset reconstruction...
Treatment of pledged shares as security under IBC
Pledging of shares is a common practice among creditors to secure a loan. In case of pledged shares, the pledgor...
Axis Bank vs Vidarbha Industries: A cursory look at SC judgment
In the case of Axis Bank Ltd. v. Vidarbha Industries Power Limited, the Supreme Court of India held that the...
Avoidance transaction proceedings can go on even after CIRP is over: Supreme Court
In a landmark judgement, a two-judge bench of the Supreme Court has said that adjudication of an avoidance transaction application...
Insolvency plea under Sec 7 not barred by limitation if debt is acknowledged before expiry of 3-yr period
The Supreme Court of India in an important judgement has held that an application under Section 7 of the Insolvency...