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COMMERCIAL WISDOM OF COC
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVLVideocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows s...
- NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil VenturesThe NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an...
- NCLAT dismisses Vedanta's plea against Adani's Jaiprakash bidA company law appeals court has rejected Vedanta Ltd's challenge to Gautam Adani's group winning bid for bankrupt firm Jaiprakash Associate...
- NCLAT dismisses Vedanta plea against Adani’s Jaiprakash Associates bid, upholds NCLT orderThe National Company Law Appellate Tribunal has dismissed Vedanta's challenges against Adani Enterprises' winning bid for Jaiprakash Associ...
- NCLAT reserves order in Jaypee insolvency case; Vedanta alleges flawed evaluation, Adani defends bidding processThe National Company Law Appellate Tribunal has reserved its judgment in the Jaypee insolvency case. Vedanta Group argued the resolution pr...
- Vedanta's plea indirectly challenges commercial wisdom of CoC: Adani to NCLATAdani Enterprises told NCLAT the Jaiprakash Associates resolution process followed due procedure, with evaluation metrics disclosed upfront...
- Selection process of bidder for JAL was fair, transparent & not tailor made: Lenders to NCLATLenders defended their decision to select Adani Enterprises as the successful bidder for Jaiprakash Associates, telling the NCLAT that the ...
- Vedanta questions metrics behind Adani’s winning bid for JALVedanta Group is challenging the selection of Adani Enterprises' bid for Jaiprakash Associates Ltd. Vedanta claims its offer was significan...
- CoC cannot alter approved resolution plan, reallocate funds of dissenting creditors: NCLATThe NCLAT has ruled that a Committee of Creditors cannot change a resolution plan's fund distribution for dissenting creditors once it is a...
- IBC rules under review after scrapping of JSW Steel's BPSL acquisitionIndia is examining its insolvency rules after a Supreme Court ruling. The review focuses on adherence to processes and timelines by stakeho...
- NCLAT upholds liquidation of Sintex PlasticsThe NCLAT upheld the NCLT's decision to liquidate Sintex Plastics Technology, rejecting a bidder's challenge based on the sole CoC member's...
- SC upholds Piramal’s DHFL resolution plan, overturns NCLAT orderThe Supreme Court upheld Piramal Capital & Housing Finance's resolution plan for DHFL despite the NCLAT's partial opposition due to underva...
- Delhi High Court directs Insolvency and Bankruptcy Board of India to finalise CoC guidelines in three monthsThe finalisation of the guidelines should be done without diluting the sanctity of the "commercial wisdom" of the committee of creditors an...
- SC to examine Regen Powertech, Regen Infra's CIRPsThe Supreme Court has decided to examine an appeal by the State Bank of India (SBI)-led Committee of Creditors (CoC) of Regen Powertech (RP...
- No deviation in inviting 'challenge mechanism', RCap lender to NCLATLenders of Reliance Capital on Friday submitted before the insolvency appellate tribunal NCLAT that there was no deviation from procedures ...
- Bankruptcy court dismisses revival plan for Ujaas EnergyThe ruling will set a precedent for lenders in other cases where dissenting secured creditors are seeking to proceed separately against the...
- Supreme Court approves loan settlement offer by Siva Industries PromotersSiva group founder C Sivasankaran's father, RCK Vallal, offered the settlement under Section 12A of the Insolvency and Bankruptcy Code, whi...
- NCLT, NCLAT cannot sit in appeal over the commercial wisdom of CoC: SCThe top court made these observations while hearing appeals to the common judgment passed on January 28 by the NCLAT's Chennai Bench, in a ...
- View: Strike balance between commercial wisdom and judicial wisdom to minimise haircuts under IBCAs many as 13,170 insolvency cases involving claims of Rs 9 lakh crore are awaiting approval before NCLT and about 71% of these have been p...
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