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CIRP EXTENSION
Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposalIBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...- Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) BillThe Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, replacing the underutilized fast-track process with a new cre...
- Mumbai NCLT allows 90-day extension of insolvency resolution for Lavasa CorpThe Mumbai bench of NCLT has granted a 90-day extension for Lavasa Corp's CIRP, starting May 29, after a previous bidder failed to implemen...
- Not as simple as ABC, but miss IBC deadlines and liquidation loomsThe Supreme Court's decision in the JSW Steel-Bhushan Power & Steel case brings attention to the delayed insolvency resolutions. Experts wa...
- NCLAT set aside penalty on lenders for delay in Mudra Denim insolvency processThe NCLAT has overturned the penalty imposed on Mudra Denim's creditors, ruling no laxity in the insolvency process. The COC had taken step...
- Future Lifestyle lenders approve resolution plan of Space Mantra & Guptas' consortiumFuture Lifestyle Fashions Ltd's lenders have approved a resolution plan from a consortium of Space Mantra and Sandeep Gupta & Shalini Gupta...
- Go First insolvency case: NCLT asks promoters to file reply on liquidation in 3 weeksThe National Company Law Tribunal (NCLT) has directed the suspended board of Go First to respond within three weeks regarding the liquidati...
- NCLT directs Go First to release four aircraft engines of ELFThe NCLT directed Go First to release four aircraft engines to Engine Lease Finance (ELF) BV, with the resolution professional already init...
- NCLT gives fourth extension of 60 days to Go First to complete insolvencyNCLT grants Go First a 60-day extension for completing the Corporate Insolvency Resolution Process (CIRP), marking the fourth extension ami...
- Go First gets another 60 days to complete insolvency processA two-member bench of the Delhi-based NCLT admitted the request by the resolution professional (RP) of Go First, seeking an extension of th...
- NCLT grants additional 60 days to finish Go First insolvency processLast month, the committee of creditors (CoC) of the budget carrier had directed the resolution professional (RP) appointed for the CIRP to ...
- Future Retail: NCLT extends deadline till September 15 for completing insolvency processThe decision came on an application moved by the company's Resolution Professional before the tribunal's Mumbai bench seeking to exclude a ...
- Future Retail resolution professional moves NCLT against Kishore Biyani and family alleging fraudulent transactionThis application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction...
- Future Retail resolution professional moves NCLT to seek extension of insolvency deadline till Sept 15The resolution professional of debt-ridden Future Retail Ltd has approached the National Company Law Tribunal, seeking a further extension ...
- NCLT extends deadline for completion of Insolvency of Future Retail to Aug 17The National Company Law Tribunal (NCLT) has extended the deadline for completion of insolvency proceedings of debt-ridden Future Retail Lt...
- NCLT grants 90 days extension to Future Retail for concluding insolvencyThe NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of t...
- VOVL gets 6-month extension for resolution planThe Mumbai bench of the National Company Law Tribunal (NCLT) has also allowed the resolution professional's plea to exclude the period duri...
- NCLT allows extension of 90 days for the resolution process of DHFLThe Mumbai bench of the National Company Law Tribunal (NCLT) has allowed the extension for the resolution process of the company and has al...
- NCLT extends Videocon's insolvency resolution process"This is for the extension of the CIRP process as it ends on 4th of February. Public notices are being given for the submission of bids on ...
- Claims worth Rs 3.13 lakh crore under insolvency proceedings: Economic SurveyThe Economic Survey further said that of the 11 companies under the CIRP most are either seeking extension or have already been granted add...
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