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CORPORATE INSOLVENCY RESOLUTION PROCESS
German proverb of the day: ‘All good things come in threes’ - An ancient wisdom on balance, completeness, and life’s natural rhythmsToday's German proverb of the day: In a world increasingly driven by instant results and constant urgency, traditional proverbs remind us t...- ‘Dialogue, not batons’: CM Hemant Soren promises justice, transparency to Jharkhand exam protestersJharkhand Chief Minister Hemant Soren has assured students protesting exam irregularities of government dialogue. He stressed that dialogue...
- NAPA seeks transparency, due process for Indian deportees amid US immigration crackdownThe North American Punjabi Association voiced concerns regarding US immigration enforcement actions. These actions involve the removal of I...
- NCLAT junks plea of Log 9 Mobility's executives against order to assist in recovery of EVs leased from GensolThe NCLAT rejected an appeal by Log 9 Mobility's suspended directors. They challenged an NCLT order to help recover leased electric vehicle...
- Trump to host mining CEOs as administration seeks minerals for defense supply chainsThe White House needs critical minerals to replenish weapons stockpiles depleted during the Iran conflict and reduce U.S. dependence on Chi...
- For the first time, Maharashtra lets homeopathy doctors prescribe modern medicines; IMA calls strike, warns of bigger agitationMaharashtra has made a groundbreaking decision, permitting homeopathy practitioners to prescribe conventional medicines after completing a ...
- Can't interfere in democratic process of Bar, says SCThe Supreme Court declined to stop the Supreme Court Bar Association from passing resolutions. It stated that the matter concerned the asso...
- Longevity of partners matters most in a Joint Venture: Tata Trusts Chairman Noel TataNoel Tata highlighted partner chemistry as key to successful joint ventures. He also outlined Tata Trusts' future plans for institution-bui...
- NCLAT rejects DoT's 469-crore claim appeal in Rolta insolvency; upholds resolution planThe NCLAT has officially dismissed the Department of Telecommunications' (DoT) appeal against Rolta India's resolution plan, stating it has...
- NCLT rejects Authum's plan for Vas Infra over CIRP issueThe NCLT rejected Authum Investment's plan for Vas Infrastructure due to irregularities. The tribunal found misrepresentation of assets and...
- Transfer of unclaimed shares may go digital; AI, data analytics to perform several tasksThe government plans a new digital system for unclaimed shares and dividends. This system will connect various official platforms using app...
- SC says insolvency shield cannot protect real estate promoters from homebuyers' casesThe Supreme Court ruled promoters and directors cannot use insolvency moratorium against homebuyers. This decision provides significant rel...
- Byju’s RP moves NCLT against Google in fresh data-access disputeResolution professional Shailendra Ajmera, who’s backed by EY, has filed an application under Section 60 (5) of the Insolvency and Bankrupt...
- Byju’s-BCCI settlement remains stalled; NCLT pauses buyer searchByju's proposed Rs 158-crore settlement with the BCCI remains unresolved. Creditors have met multiple times but could not reach a decision ...
- NCLT approves Aspect JV's resolution plan for Radius & Deserve Land DevelopersThe NCLT approved Aspect Group's resolution plan for Radius & Deserve Land Developers. This approval concludes the company's corporate inso...
- MCA plans unified digital platform for insolvency ecosystem, seeks stakeholders’ inputsThe Ministry of Corporate Affairs has proposed creating a unified digital platform for India's insolvency ecosystem to speed up the resolut...
- RBI clears Areion's Rs 936-crore Aviom acquisitionThe Reserve Bank of India has approved Areion Group's acquisition of Aviom India Housing Finance. This approval clears a significant regula...
- SC issues notice on Venugopal Dhoot's plea against order upholding separate insolvency for VIL, VOVLThe Supreme Court will hear Venugopal Dhoot's plea against an NCLAT order. This order upheld separate insolvency proceedings for two Videoc...
- Gratuity, leave encashment not part of CIRP cost: NCLATThe NCLAT dismissed an appeal regarding priority payment of gratuity dues. It upheld an earlier NCLT order concerning Duncans Industries' f...
- Pending civil suits, arbitral claims stand abated after resolution plan approved under IBC: Supreme CourtThe Supreme Court has ruled that once a resolution plan is approved, any pending civil suits and arbitration proceedings are effectively ha...
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