Category: IBC-SEBI

Officials reviewing the progress of 12 top bankruptcy proceedings in the country have urged the bankers and resolution professionals to close these cases by March 31, pointing to further

By Andy Mukherjee Errant debtors are forever looking for ways to undermine creditor protection; but when lenders themselves start making a mockery of a fledgling insolvency law,

Challenging the NCLT order before the appellate tribunal, Shah had contended that there was no financial debt and there was no relationship of debtor and

The meeting will deliberate on the possible solutions to bring these cases to a conclusion. Four days after India’s biggest lender rushed to sell its

Essar Steel, one of the largest bankruptcy cases, failed to repay about Rs 49,000 crore to its lenders. Four days after India’s biggest lender rushed

The Securities and Exchange Board of India’s move to reject Larsen and Toubro’s proposal to buy back part of its shares sends the signal that

The National Company Law Appellate Tribunal (NCLAT) has said that the National Company Law Tribunal (NCLT) should not hear any third party other than the

Errant debtors are forever looking for ways to undermine creditor protection; but when lenders themselves start making a mockery of a fledgling insolvency law, nobody

The National Company Law Appellate Tribunal has held that the lenders of defaulting companies can initiate corporate insolvency resolution process against corporate guarantors without invoking CIRP for

The National Company Law Appellate Tribunal has held that the lenders of defaulting companies can initiate corporate insolvency resolution process against corporate guarantors without invoking

In August 2016, the chief executive officer (CEO) of a large bank celebrated the arrival of the Insolvency and Bankruptcy Code (IBC), the new bankruptcy

IL&FS’ woes are just worsening by the day. Frustrated with the opacity and snail-paced movement at the resolution of default at Infrastructure Leasing & Financial

The National Company Law Tribunal (NCLT) has allowed the former directors of the crippled IL&FS Group to withdraw Rs 2 lakh each per month from one of

Kumar made a case for other tweaks to enhance the efficiency of IBC, including penalties against non-serious bidders and overseers for the liquidation process. The

The National Company Law Tribunal, Mumbai, has slapped a cost of ₹10 lakh on Tata Chemicals for filing a petition fraudulently and with malicious intent

The Mumbai bench of the National Company Law Tribunal (NCLT) has made damning observations on Edelweiss ARC and Ernst & Young while ordering the liquidation

Government-owned Bharat Heavy Enterprises Limited (BHEL) has moved the National Company Law Appellate Tribunal (NCLAT) challenging the decision of the Committee of Creditors (CoC) of Monnet

Section 29 (A) of the IBC, deals with related-party provisioning and aims to prevent defaulting promoters from taking back their companies. Corporate affairs secretary Injeti

The two forensic auditors told the apex court that they have issued notices to 655 people on whose names ‘benami’ flats were booked but no