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Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
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Financial Creditors Take Maximum Risk, Need To Be Compensated: RBI
Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country's central bank said on Thursday.
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Supreme Court Upholds Validity Of Key Provisions Of Insolvency And Bankruptcy Code
The Supreme Court upheld certain key provisions of the Insolvency and Bankruptcy Code which were challenged on grounds of being violative of fundamental rights like the right to equality of those against whom insolvency proceedings are initiated.
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Probe Body Records 490 Fraud Cases Related To NPAs Of Over Rs 20 Crore
The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
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Lessors Have Applied For Deregistration Of 54 Go First Planes: Government
In a written reply to Rajya Sabha, Minister of State for Civil Aviation V K Singh said the Directorate General of Civil Aviation (DGCA) has received applications from lessors for the deregistration of a total number of 54 aircraft leased to Go First.
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Government To Amend Insolvency Law To Reduce Time Taken For Resolution Process
The government is preparing to amend the insolvency law as it looks to reduce the time taken for completion of resolution process of stressed assets and prevent significant erosion of value of the assets.
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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Monsoon Session: Centre To Introduce 24 Bills In Parliament
The Centre has listed 24 bills, including the Cantonment Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Insolvency and Bankruptcy Code (Amendment) Bill, for introduction in the Monsoon Session of Parliament.
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Bankruptcy Protection News: Crypto Hedge Fund Three Arrows Files For One
Crypto hedge fund Three Arrows Capital (3AC) is seeking protection from creditors in the United States under Chapter 15 of the US Bankruptcy Code
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India Could Be A $20 Trillion Dollar Economy By 2040: Chief Economic Advisor
Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said
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NCLT To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10
NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10
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Company Law Tribunal Orders Insolvency Proceedings Against National Textile Corporation
The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation
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Bank Of India Initiates Insolvency Proceedings Against Future Retail
Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail
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Reliance Capital Lenders Finalise Resolution Plan
Lenders of debt-ridden Reliance Capital Ltd have decided upon the Request for Resolution Plan document
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Government Says 43 Corporate Debtors' Cases Resolved Under Bankruptcy Code
Government has said 43 large corporate debtors, each having total admitted claims of Rs 2,500 crore were resolved under IBC till December 31, 2021
-
Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
-
Financial Creditors Take Maximum Risk, Need To Be Compensated: RBI
Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country's central bank said on Thursday.
-
Supreme Court Upholds Validity Of Key Provisions Of Insolvency And Bankruptcy Code
The Supreme Court upheld certain key provisions of the Insolvency and Bankruptcy Code which were challenged on grounds of being violative of fundamental rights like the right to equality of those against whom insolvency proceedings are initiated.
-
Probe Body Records 490 Fraud Cases Related To NPAs Of Over Rs 20 Crore
The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
-
Lessors Have Applied For Deregistration Of 54 Go First Planes: Government
In a written reply to Rajya Sabha, Minister of State for Civil Aviation V K Singh said the Directorate General of Civil Aviation (DGCA) has received applications from lessors for the deregistration of a total number of 54 aircraft leased to Go First.
-
Government To Amend Insolvency Law To Reduce Time Taken For Resolution Process
The government is preparing to amend the insolvency law as it looks to reduce the time taken for completion of resolution process of stressed assets and prevent significant erosion of value of the assets.
-
NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
-
Monsoon Session: Centre To Introduce 24 Bills In Parliament
The Centre has listed 24 bills, including the Cantonment Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Insolvency and Bankruptcy Code (Amendment) Bill, for introduction in the Monsoon Session of Parliament.
-
Bankruptcy Protection News: Crypto Hedge Fund Three Arrows Files For One
Crypto hedge fund Three Arrows Capital (3AC) is seeking protection from creditors in the United States under Chapter 15 of the US Bankruptcy Code
-
India Could Be A $20 Trillion Dollar Economy By 2040: Chief Economic Advisor
Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said
-
NCLT To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10
NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10
-
Company Law Tribunal Orders Insolvency Proceedings Against National Textile Corporation
The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation
-
Bank Of India Initiates Insolvency Proceedings Against Future Retail
Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail
-
Reliance Capital Lenders Finalise Resolution Plan
Lenders of debt-ridden Reliance Capital Ltd have decided upon the Request for Resolution Plan document
-
Government Says 43 Corporate Debtors' Cases Resolved Under Bankruptcy Code
Government has said 43 large corporate debtors, each having total admitted claims of Rs 2,500 crore were resolved under IBC till December 31, 2021
