Category: IBC-SEBI

Section 29 (A) of the IBC deals with related-party provisioning and aims to prevent defaulting promoters from taking back their companies. State Bank of India’s

Unable to service bonds and hauled to the NCLT, company announces global downsizing A ₹2,500-crore deal to divest the products and solutions business that failed

SBI puts out auction notice for sale of Essar Steel loan of Rs 15,431 crore Raising doubts over the early resolution of Essar Steel insolvency case, State

More than 850 employees to lose their jobs, lenders to lose much of ₹11,373 cr An insolvency court in Mumbai has ordered the liquidation of

Insolvency professionals, barring a small group of seasoned people, are often blamed for their inefficiencies to deal with the intricacies of cases involving thousands of

In the wake of the IL&FS crisis, there is a need to review the role of rating agencies as they continued to rate the NBFC

India’s largest private full-service airline, Jet Airways, is struggling under the burden of its debt. It owes a consortium of banks and other lenders Rs

JSW Steel, which came from behind to surge ahead of the Tatas in the race for Bhushan Power and Steel Ltd (BPSL) with an offer of Rs

The Companies (Amendment) Ordinance, 2019, was issued on Saturday, according to the official gazette. The government has re-promulgated an ordinance to amend the companies law

Bankers are worried that the corporate insolvency resolution process (CIRP) could turn chaotic and face delays as the Insolvency and Bankruptcy Board of India (IBBI)

The National Company Law Appellate Tribunal (NCLAT) Friday suggested that all further proceedings for transfer of assets of crisis-hit Infrastructure Leasing and Financial Services Ltd

Crisis talks between India’s cash-strapped Jet Airways Ltd and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back

IRP informs NCLTof thefirm’s interest in plant, machinery UK-based Boustead Plc has emerged as the second company interested in bidding for the debt-ridden RTIL (formerly

This has reference to earlier intimation dated 19th July, 2018 regarding admission of application for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9

Lenders to Jet AirwaysNSE -0.47 %, which defaulted on loan obligations last week, have three options to recover their dues, bankers have told TOI even as

Essar Group CEO Prashant Ruia says there must be a distinction in the bankruptcy code to deal with instances where the promoter has done something wrong

A financial creditor can seek to first initiate insolvency proceedings against a corporate guarantor of a company, instead of the company itself, in case the guarantee fails, the National Company Law Appellate

The Supreme Court’s reported suggestion to give operational creditors a role in insolvency resolution is flawed. Only financial creditors (mainly banks) are now represented on