Category: IBC-SEBI

CEA Subramanian says firms now want to settle fearing loss of control over biz “Before the Bankruptcy Code, lot of businesses were playing coin toss

The RCom-Ericsson spat continued in the Supreme Court with the Swedish company insisting it should be allowed to close insolvency proceedings initiated against RCom in

Dedicated bankruptcy court National Company Law Tribunal (NCLT) approved a resolution plan for debt-laden Jyoti StructuresNSE 2.86 % for Rs 3,965 crore with about 45% haircut. A group of

Shrenuj & Co, the century-old diamond house that had the late Maharani Gayatri Devi of Jaipur as its brand ambassador during its heydays, has been admitted into

The bankers to Essar Steel India Limited will not be able to receive ArcelorMittal’s payment for the company by March 31 despite a meeting of

The insolvency and Bankruptcy Code, which gained momentum in 2017-18, is one of the most important regulations in India’s corporate history. The new law sent

The National Company Law Tribunal (NCLT) for the second time Tuesday questioned the motive of lenders, led by Andhra BankNSE 1.18 %, to withdraw their bankruptcy application and to choose

The appellate tribunal staying the liquidation, also noted that the application was admitted on July 4, 2017 and was uploaded on July 12, and the

India will provide adequate carve-outs to protect domestic interests in the crossborder insolvency regime which is under consideration by the government, a senior government official

The rule ties in with the new and somewhat stricter set of loan exposure norms that banks will need to follow from April 1. Even

The UPA government did a good job of salvaging Satyam, after it went into a tailspin following its founder’s stunning revelation of fraud. Now, it

Jet AirwaysNSE 12.41 % staff and officers body Monday sought representation in the interim management committee which will oversee the functioning of the airline under the banks-led management. The committee

The government Monday filed an application with the National Company Law Tribunal (NCLT) here, seeking immunity for the newly-appointed directors of the subsidiaries of the crippled IL&FS

As many as 12,000 cases have been filed since the implementation of the Insolvency and Bankruptcy Code (IBC) and setting up of the National Company

The NCLAT has received intervening petitions from nearly 100 creditors, seeking redress in the proposed IL&FS Resolution Plan that was submitted by the government. The