Category: IBC-SEBI

In a major development, state-run lender Punjab National Bank has dragged Binani Industries to the National Company Law Tribunal (NCLT) as its subsidiary Edayar Zinc

The Supreme Court on Friday upheld all the contentious provisions of the Insolvency and Bankruptcy Code (IBC) and reaffirmed the spirit of the law to

The Insolvency and Bankruptcy Board of India (IBBI) has mandated resolution applicants to furnish performance security in corporate insolvency process. This has been stipulated to

Gail India has filed an application before the National Company Law Tribunal, opposing a resolution plan that Reliance IndustriesNSE 1.72 % has proposed in partnership with JM Financial

Financial creditors and home buyers of Jaypee Infratech have extended the deadline till February 15 for shortlisted bidders to submit proposals to revive the debt-ridden

It was billed as one of Modi government’s biggest achievements. But two years after the Insolvency and Bankruptcy Code (IBC) came into force, the action

NCLAT’s observation came during the hearing of ARGL Ltd, a subsidiary of debt ridden auto components maker Amtek, where UK-based Liberty House has emerged as

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