Insolvency regulator to get more teeth, punitive powers; main map amendments
Commenting on whether the IBBI should be further strengthened, a former central banker said: “There…
Browsing: insolvency resolution
Withdrawing the CIRP can save the debtor company
JThe purpose of the Insolvency and Bankruptcy Code, 2016 (IBC) is to maximize the value…
The insolvency of the personal guarantor is independent of the insolvency resolution process of the debtor company
Facts The State Bank of India Stressed Asset Management Branch (SBI) has filed a petition…
During moratorium, cannot sue against ‘corporate debtor’: High Court of Punjab and Haryana : The Tribune India
Tribune press service Saurabh MalikChandigarh, February 16The Punjab and Haryana High Court has…
IBBI plans to reduce delays in voluntary liquidation process
The Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to the regulations governing…
Voluntary Liquidation: Think Global, Act Local – Budget Introduces Cross-Border Insolvency and Accelerates Voluntary Liquidation
Finance Minister Nirmala Sitharaman during her budget speech announced that changes have been proposed to…
Speedy Liquidation Should Be Preferred Over Unproductive, Lengthy Resolution Proceedings, Says NCLAT
The National Company Law Appeals Tribunal (NCLAT) has upheld a winding-up order for debt-ridden Siva…
Insolvency and bankruptcy code: the IBC leads to behavioral changes in debtor companies: economic survey
The Insolvency and Bankruptcy Code (IBC) has led to behavioral changes among corporate debtors, with…
Liability of the personal guarantor of the debtor company vis-à-vis the insolvency and bankruptcy code
In accordance with article 128 of theIndian Contracts Act, 1872, the liability of a guarantor…
NCLT authorizes liquidation of Nitin Fire Protection
The dedicated bankruptcy court has ordered the liquidation of BSE-listed Protection Industries, a major player…
An asset may be kept out of liquidation if said asset is pending in the High Court: NCLAT
NCLAT in a bench consisting of Judge Jarat Kumar Jain (judicial member) and Dr Ashok…
IBC | Statutory authority cannot raise new claim against debtor company after approval of resolution plan: Bombay High Court
The Bombay High Court has ruled that no statutory authority, including income tax authorities, can…
Application of the insolvency code to the electricity distribution sector
Recently, the Union Energy Ministry claimed that state-owned electricity distribution companies (discoms) fall under the…
The ambiguity over the jurisdiction of NCLT and DRT under IBC – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. The problem of non-performing assets…
Government seeks comments on proposed changes to insolvency law
The government on Thursday invited comments on various proposed amendments to the insolvency law, including…
Monthly Update on Restructuring and Insolvency | December 2021 – Insolvency / Bankruptcy / Restructuring
India: Monthly Update on Restructuring and Insolvency | december 2021 23 December 2021 HSA lawyers…
Applicability of Insolvency Laws to Personal Guarantors
INTRODUCTION Apex Court on May 21, 2021 at Lalit Kumar Jain V. Union of India…
Limitation of the powers of the National Company Law Court – Insolvency and Bankruptcy Code, 2016
introduction National Tribunal for Company Law (“NCLT”) was introduced in the Companies Act 1956 in…
Srei creditors can initiate joint insolvency proceedings
A consolidated insolvency proceeding or group insolvency, if accepted by the NCLT, may generate more…
NCLT admits RBI’s plea in insolvency proceedings against Reliance Capital
The National Company Law Tribunal (NCLT) on Monday admitted the Reserve Bank’s plea to initiate…
Start of insolvency proceedings against Reliance Capital; RBI file application – ThePrint
Text size: A- A + New Delhi [India], Dec. 3 (ANI): On Thursday, the Reserve…
RBI Opens Insolvency Proceedings Against Reliance Cap at NCLT, Mumbai
The Reserve Bank of India on Thursday filed an application to initiate insolvency proceedings against…
When Zero Hour Strikes: The Insolvency and Bankruptcy Code as an Exit Mechanism – Insolvency / Bankruptcy / Restructuring
The Insolvency and Bankruptcy Code of 2016 (“Codeâ€) brought about a magnanimous change in the…
The insolvency of Reliance Capital and the domino effect on its subsidiaries
Lenders have already tried to finalize a resolution plan for two large non-bank lenders under…
More time allowed for the insolvency process of Vasan Health Care Ltd.
The National Company Law Appeals Tribunal (NCLAT), Chennai, allowed an appeal filed by the creditors…
Srei creditors may consider joint insolvency proceedings
Consolidated insolvency proceedings may generate more interest among potential bidders than sole proprietorships A staff…
NCLT orders liquidation of Nakshatra Brands, owned by Mehul Choksi
A Mumbai court has ordered the liquidation of Nakshatra Brands, owned by fugitive diamond trader…
Note on changes to the CIRP and the liquidation process
The Insolvency and Bankruptcy Board of India (IBBI) published working papers soliciting comments on issues…
Can a medical consultant be discriminated against against a doctor employed in the insolvency process of a hospital? SC to examine
The Supreme Court has issued an opinion on a petition that raises the question of…
Srei group enters moratorium as NCLT admits insolvency pleas
Almost a week after the Reserve Bank of India (RBI) replaced the boards of directors…
NCLT admits insolvency pleas against 2 companies of the Srei group and appoints a director
The NCLT on Friday admitted insolvency claims brought by banking regulator RBI against two companies…
IBC: beyond traditional liquidation – L’Express Financier
According to the latest IBBI newsletter, six large companies were sold as a going concern…
Center to cut the wings of banks amid alert on deep haircuts in insolvency
The Ministry of Commercial Affairs (MCA) will soon begin consultations with the Reserve Bank of…
RBI replaces boards of directors of Srei companies, to initiate insolvency proceedings soon
The Reserve Bank of India (RBI) replaced the boards of directors of Srei Infrastructure Finance…
RBI Replaces Boards of Directors of SREI Companies, Considering Insolvency Proceedings
The Reserve Bank of India (RBI) replaced the boards of directors of Srei Infrastructure Finance…
Videocon insolvency: NCLAT moved over confidentiality breach issue
The Bank of Maharashtra (BoM) raised the issue of breach of confidentiality in Videocon Industries’…
Bank of Maharashtra raises issue of breach of confidentiality in Videocon insolvency process
New Delhi: Bank of Maharashtra, a dissatisfied creditor of the Videocon group, on Friday raised…
Videocon insolvency proceedings: BoM raises the issue of breach of confidentiality
Bank of Maharashtra, a dissatisfied creditor of the Videocon group, on Friday raised the issue…
The moratorium under the IBC only applies to debtor companies and not to promoters: SC
The Supreme Court ruled that the moratorium under the provisions of the Insolvency and Bankruptcy…
Welcome to IANS Live – TopStory
Photo credit: IANS IANSLive New Delhi, Sept. 16 (IANS) The Supreme Court ruled on Thursday…
Object of the IBC to revive the debtor company, final liquidation: SC
The Supreme Court said on Wednesday that the main purpose of the Insolvency and Bankruptcy…
Liquidation as a Going Business is an Effort to Maximize Value and Save Businesses in Insolvency | MAINTENANCE
Nitin Jain is the official liquidator of the PSL Group – recently wound up as…
Personal property of guarantors cannot be transferred during the debtor company’s CIRP: NCLAT
The National Company Law Appeals Tribunal ruled that the personal assets of the guarantors could…
IBC: 47 pc of cases closed in liquidation until June; many cos saw the erosion of ecological value before the insolvency process, says IBBI
Almost 47%, or 1,349 cases closed under the insolvency law were put into liquidation until…
Siva Industries promoter appeals liquidation
Series C entrepreneur Sivasankaran, promoter of Siva Industries, filed an appeal with the National Company…
Lenders are free to invoke the personal guarantees of a debtor company under the Insolvency and Bankruptcy Code, 2016 – Insolvency / Bankruptcy / Restructuring
India: Lenders are free to invoke the personal guarantees of a debtor company under the…
Will the claim of the awardee be extinguished upon approval of the award debtor’s resolution plan under the IBC? Yes, rule the High Court of Calcutta
The Calcutta High Court on Friday settled an important arbitration law issue, to know, whether…
The NCLT can settle disputes relating to the insolvency of a debtor company
The Supreme Court ruled on Monday that the National Company Law Tribunal (NCLT) had jurisdiction…
Pre-pack system for insolvency banks on fair debtor-creditors links
The prepackaged program, billed as the next step in the evolution of the Insolvency and…
IBC Redefines Debtor-Creditor Relationship, Economic Study Finds
Introducing significant behavioral changes, the insolvency law redefined the debtor-creditor relationship, with more than 80%…
Supreme Court upholds changes to IBC to sue debtor companies
In an important verdict, the Supreme Court on Tuesday upheld changes made by Parliament to…