Category: Legal

Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/naredco-writes-to-finance-ministry-for-suspension-of-ibc/articleshow/82935733.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis NAREDCO as a representative body of real estate developers had taken up the matter with the Finance Ministry, seeking adequate relief measures so

Clipped from: https://www.thehindubusinessline.com/todays-paper/article34637954.ece Administrator questions timing of the order, Piramal to also file plea The Administrator and lenders to troubled Dewan Housing Finance Corporation Ltd have

Clipped from: https://www.thehindubusinessline.com/todays-paper/article34637955.ece Residents of Mumbai’s World Crest World Towers, India’s tallest residential complex, have initiated bankruptcy proceedings against Macrotech Developers (erstwhile Lodha Group), among the

Clipped from: https://www.business-standard.com/article/opinion/new-credit-culture-121052300924_1.html A big step by SC in allowing banks to chase personal guarantors Last week, a two-judge Bench of the Supreme Court upheld a notification issued

lipped from: https://www.business-standard.com/article/companies/coc-to-review-nbcc-offer-for-jaypee-infra-on-monday-before-vote-on-suraksha-121052300362_1.html Homeowners, Suraksha cry foul; say move illegal as per SC order Even as Suraksha group’s resolution plan for Jaypee Infratech is set to

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/supreme-courts-order-on-defaulter-tycoons-plugs-an-important-bankruptcy-loophole/articleshow/82825203.cmsSynopsis Lawyers and bankers were said the order sets a precedence for future recoveries in bankrutpcy cases and more importantly act as a deterrent

Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/nclt-ruling-on-dhfl-creditors-weighing-options/articleshow/82897352.cmsSynopsis Several lenders prefer challenging order at appellate tribunal to voting against Wadhawan’s offer Mumbai: Stunned by the National Company Law Tribunal ruling (NCLT) onDHFLNSE 4.83

Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630423.ece SC ruling on personal guarantees in corporate bankruptcies is welcome, but NCLT is not in sync There have been two important, and in

Clipped from: https://www.financialexpress.com/industry/jaypee-case-nbcc-questions-irps-jurisdiction-demands-voting-on-its-offer/2257110/ In the first round of insolvency proceeding, the Rs 7,350-crore bid of Lakshadweep, part of Suraksha Group, was rejected by lenders. The CoC

Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/suraksha-arc-seeks-fair-unbiased-process-in-jaypee-infra-insolvency/articleshow/82775929.cmsSynopsis ​​The company has debt obligation of over Rs 9,800 crore to creditors. Homebuyers’ claims amount to Rs 12,714 crore. The admitted financial debt

Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34619148.ece In these troubled times, a consensus-based approach can be effective in saving viable MSMEs in a time-bound manner The Insolvency and Bankruptcy Code,