India's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...

The Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...

Videocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows s...

Adani Enterprises is embarking on a transformative journey to breathe new life into Jaiprakash Associates. With assets valued at around ₹5,...

Deloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...

The NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an...

The company entered corporate insolvency resolution process (CIRP) in July 2023 on a plea by Beacon Trusteeship Ltd. It has two secured cre...

A new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...

New creditor-led insolvency rules will impose strict financial transaction limits on stressed companies, requiring committee of creditors' ...

This distancing of the resolution professional will also work as a countermeasure to the debtor-in-control model that works in such pre-pac...

The company has said in its stock exchange announcement on March 9 that, as per Section 17 of the IBC, the powers of the Board of Directors...

In a ruling that will have a bearing on several high-profile insolvency cases, the Supreme Court has clarified that proceedings against a c...

In March, the CBIC said the corporate debtors shall be liable to obtain new registration through IRP or RP.

The law mandates a moratorium of 180 days against a corporate debtor once insolvency proceedings start.

A two-member bench of NCLT has appointed Navneet Kumar Gupta as the interim resolution professional (IRP) to initiate insolvency proceeding...

In an embarrassing case, Amtek Auto managed to withdraw money from its account in IOB Hosur branch although loans taken from the bank’s Raj...

The proposed bankruptcy code is also an alarm to all the debtors to ensure that commitments to make payment whether for loan repayment.