Category: IBC-SEBI

An investigation by the Serious Fraud Investigation Office (SFIO), the government agency that probes white-collar crimes, had revealed that ex-promoters of Bhushan Steel – Brij

Creditors are believed to have said no to a 50 per cent haircut in their exposure in debt-ridden Suzlon Energy and may push the company

HIGHLIGHTS Thomas Cook’s German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent,

The National Company Law Tribunal (NCLT) Wednesday directed the financial creditors of the grounded Jet AirwaysNSE -2.17 % to release some interim lifeline funds within 15 days.

The National Company Law Appellate Tribunal (NCLAT) on Wednesday observed that the NCLT Mumbai’s decision to implead IL&FS auditors as parties in the operational mismanagement

The National Company Law Appellate Tribunal (NCLAT) has dismissed Srei Multiple Asset Investment Trust (SMAIT)’s appeal that challenged the May 14 order of the Cuttack

A Bench led by Justice RF Nariman, while quashing the orders of both NCLT, Mumbai, and the NCLAT, rejected the IL&FS stand that its suit

The government will soon come up with detailed guidelines for regulators and tax authorities to protect the winning bidders in Insolvency and Bankruptcy Code (IBC) cases against

The UK government on Monday launched Operation Matterhorn, its biggest peacetime repatriation in British history, after the collapse of tour giant Thomas Cook that left

The Insolvency and Bankruptcy Board of India (IBBI) is seeking to penalise ‘flippant’ bidders and managers of stressed assets to help quicken the recovery of banking funds

The Committee of Creditors (CoC) of a non-performing asset (NPA or bad loan) account must provide all relevant information and share its vision for the company under resolution with the

A special court has summoned Liberty House chief Sanjeev Gupta and three other senior executives to face a criminal charge pressed against them by the

The Insolvency and bankruptcy Board of India (IBBI) Saturday said both operational and financial creditors have benefitted alike from resolutions under the IBC. IBBI chairman M S Sahoo

Operational creditors account for nearly half of the bankruptcy cases admitted at the NCLTs and the haircuts in resolutions taken by them are at par with the same

The NCLT had also raised questions over the manner in which lenders of Sterling Biotech had agreed to settle their claims with the absconding promoters.

However, senior counsel Mukul Rohtagi and counsel Mahesh Agarwal opposed the IBBI’s request to initiate criminal proceedings against the firm. The Supreme Court on Monday

It had the backing of 90.32% voting share of the CoC though. The fugitive promoters of Sterling Biotech will pay back the entire Rs 3,100