Category: To be deleted

Banks will have to initiate bankruptcy proceedings against dozens of corporate defaulters next week as the six-month deadline set by the RBI on February 12 ends on Monday. The

NCLT recruitment drive The government has sought applications for filling up as many as 36 posts of judicial and technical members at the National Company

At 20 per cent, India has so far had the world’s lowest bad-loan recovery rate. As a result, in comparison to a year for London and

The judiciary’s latest stand may prohibit the tax authorities from making appeals Last week, the Supreme Court ruled that the Insolvency and Bankruptcy Code (IBC)

In a development that takes it closer to averting bankruptcy proceedings, Reliance Communications (RCom) has secured approval of its overseas bondholders for the revised terms.

Ramdev-led Patanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya’s lenders to approve Adani Wilmar’s Rs 60 billion (Rs 6,000 crore) takeover bid. The

The National Company Law Tribunal (NCLT), Hyderabad has extended the duration of the corporate insolvency resolution process period for IVRCL Ltd by an additional 90

We are hereby enclosed list of Creditors updated as on 11th August 2018 of Gemini Communication Limited as required to be displayed under Regulation 13(2)(c)

The ongoing insolvency case against Lanco Infratech Ltd now has Power Mech Projects Ltd, a potential bidder, submitting an Expression of Interest, to be a

Indiabulls says it has an exclusive lien over Deccan Chronicle’s corporate office in Secunderabad and a printing press property on the city’s outskirts. The resolution

The Supreme Court has ruled that the Insolvency and Bankruptcy Code (IBC) will override Income-Tax rules on claims. “Given Section 238 of the Insolvency and

The resolution plan for the debt-ridden Bhushan Steel Ltd is in place with Tata Steel willing to acquire the former for Rs. 35,000 crore, but

The National Company Law Appellate Tribunal (NCLAT) has granted a stay on the liquidation order passed against insolvent firm Jyoti Structures. The stay order comes after a group of

The resolution professional for Jaypee Infratech has, in the past nine months, offered 3,400 houses for possession. A source close to the resolution professional said,

Corporate affairs secretary Injeti Srinivas on Saturday said the evolving insolvency and bankruptcy law can be extended to cross-border assets. The government is also in looking at hiring more

The government has no immediate plan to extend the period of insolvency resolution from a maximum of 270 days now, a senior official said on

The government is planning a separate legislation for registered valuers who can help arrive at a better valuation of bankrupt companies under the insolvency process, a

The Supreme Court, which had stalled insolvency proceedings against Jaypee Infratech to protect the interests of homebuyers, has referred it back to the insolvency court to

Of course, the headline numbers are good primarily because of Bhushan Steel, which accounted for close to 64 per cent of the total claims by

In cases where bidding is the norm for the sale or lease of an asset, or even for government procurement, it is accompanied by a