Category: IBC-SEBI

In a fresh setback to Anil Ambani, the NCLAT on Friday refused to direct India’s largest bank SBI to release income tax refund of Rs

One of the major reform initiatives of the outgoing government is the introduction of an effective bankruptcy process that—so far—has taken in only the private sector. Why not subject

After a long legal slugfest, the insolvency proceedings with respect to Essar Steel — first admitted under IBC over 580 days ago — made some

RCom has been asked by both the Supreme Court and the NCLAT to pay Rs 550 crore to Ericsson. The National Company Law Appellate Tribunal

Standard Chartered Bank, the third-largest secured financial creditor of Essar SteelNSE 0.00 %, has decided to file an appeal before the National Company Law Appellate Tribunal

The company has engaged with the lender in relation to the same, the filing added. Cash-strapped Jet Airways Monday defaulted on foreign loan repayment due

“You clapped with RCom and claimed that you would recover around Rs 37,000 crore from sale of assets to Reliance Jio…you had earlier cited losses

As the Jet Airways saga appears to be drawing to a close, it may be worthwhile to try and understand what went wrong. When did things slip

The Securities and Exchange Board of India (Sebi) has tightened the norms for open offer exemptions in cases of debt restructuring. Only lenders such as banks and financial

Ruchir Sinha, head of the PE and M&A practice at Nishith Desai Associates, and Mohammad Kamran, a senior member of the firm’s international litigation and dispute

The National Company Law Appellate Tribunal (NCLAT) on Friday allowed the withdrawal of UK-based Liberty House bid for ARGL on the plea of resolution professional of the debt-ridden company.

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

Earlier, NCLAT had directed the NCLT Ahmedabad bench to take a decision on the resolution plan submitted by ArcelorMittal by March 8. Finally, global steel

The government has approved establishment of two new benches of National Company Law Tribunal (NCLT), one at Amaravati in Andhra Pradesh and the other at Indore in Madhya Pradesh.

Earlier, on February 4 the NCLAT had dismissed the plea of Tata Steel and upheld lenders’ decision to approve resolution plan of JSW Steel for

Mukesh Ambani’s bid to buy Alok Industries gets NCLT green light; RIL-JM Financial Rs 5050 cr-bid okayed Mukesh Ambani’s plan to buy out Alok Industries

ArcelorMittal got a major boost on Friday in its bid to acquire bankrupt Essar Steel, with the National Company Law Tribunal approving the Rs 42,000-crore

The Committee of Creditors (CoC) of Jaypee Infratech (JIL) will form a core group of its members, who will hold deliberations with resolution applicants —

In a bid to keep out errant and wilful defaulters from buying back stressed assets, Section 29A was inserted into the Code (Insolvency and Bankruptcy

Jet is no Emirates and India no Dubai or Singapore. This stopgap band-aid bankrolling planned for Jet will hardly set the tarmac on fire. How