Month: September 2019

The Ministry of Corporate Affairs (MCA) has defended all the amendments made to the Insolvency and Bankruptcy Code (IBC) in a submission made to the Supreme Court (SC). One

In a ruling upholding the prevalence of the Insolvency and Bankruptcy Code (IBC) over the Prevention of Money Laundering Act (PMLA), the appellate authority of

Almost 50 per cent of corporate insolvency resolution process (CIRP) cases initiated against corporate debtors is by operational creditors, while financial creditors have initiated 40 per cent

The commercial decision of banks and lenders, which are collectively termed committee of creditors (CoC) under the Insolvency and Bankruptcy Code (IBC), has always been a bone

The National Company Law Tribunal (NCLT) on Friday approved the merger of biotech company Monsanto India Ltd with Bayer CropScience. In June 2018, German chemical and pharma

The reliefs and concessions sought by JSW were part of the committee of creditors approved resolution plan JSW Steel has moved the National Company Law Appellate

The National Company Law Appellate Tribunal (NCLAT) on Friday turned down a plea by the ministry of petroleum & natural gas seeking to recover nearly

The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Committee of Creditors (CoC) of Jet Airways if they would coordinate with a Dutch

The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked lenders of Jet Airways whether they would cooperate with the Dutch court administrator who is

The last decade saw a proliferation of regulators and tribunals. Each scam produced a new one. Later, raw wisdom dawned on the decision makers that

With the Insolvency and bankruptcy process closing in on three years of existence, a look at the data shows that only 6% of the cases

The Insolvency and Bankruptcy Code (IBC) requires a clarification or amendment to give immunity to the corporate debtor from all civil and criminal liabilities, said JSW Steel Joint Managing

Suggesting substantial changes to competition regulatory framework, a government-constituted high level panel has recommended a green channel route for automatic approval of certain combinations, including

Experts feel market conditions could hammer down valuations of stressed assets Liquidity crunch is impacting debt resolution under the Insolvency and Bankruptcy Code (IBC) and outside, several top lenders have

The operational creditors of Essar Steel on Wednesday told the Supreme Court (SC) that they would challenge the latest amendments made to the Insolvency and Bankruptcy Code (IBC), which gave preference

A key feature of the Insolvency and Bankruptcy Code (IBC), 2016, is that operational creditors — which include employees, suppliers, and consumers — do not participate in

The government has sought the Supreme Court’s (SC’s) approval to frame rules for making judges of the National Company Law Tribunal (NCLT) accountable in ensuring corporate insolvency