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CORPORATE INSOLVENCY SOLUTIONS
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...- Ola Electric shares drop 9% in 3 days. What's spooking investors?Ola Electric Mobility shares fell over 2%, extending their three-day decline to 9%, after media reports said two vendors had filed fresh in...
- IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
- Bankruptcy court admits BSE-listed Supha Pharmachem under Insolvency Resolution ProcessThe Mumbai bench of the National Company Law Tribunal has admitted Supha Pharmachem into the Corporate Insolvency Resolution Process (CIRP)...
- NCLAT dismisses plea seeking insolvency against Amazon WholesaleNCLAT supported NCLT's decision. The insolvency case against Amazon India was dismissed. Multiplier Brand Solutions claimed Amazon owed the...
- Dream11 gets relief from insolvency resolution processNCLAT freed Sporta Technologies from CIRP after rejecting Reward Solutions' petition linked to a ₹7.61 crore default, aligned with Section ...
- NCLAT asks IRP of Dream 11 not to take steps for insolvencyNCLAT ordered the IRP of Sporta Technologies, operator of Dream 11, to maintain the company as a going concern, halting insolvency steps du...
- NCLAT stays NCLT order in Dream 11 case, directs IRP not to take any step till Feb 23The National Company Law Appellate Tribunal (NCLAT) has stayed the NCLT Mumbai bench's order to initiate a Corporate Insolvency Resolution ...
- NCLT admits insolvency resolution plea against Dream11 sports platform's owner Sporta TechnologiesThe tribunal appointed Madan Bajrang Lal Vaishnawa as the interim resolution professional to conduct the insolvency resolution process. Piy...
- NCLT admits plea to initiate insolvency against Sahara Group entity Sahara Q ShopThe Sahara Group company had entered into a service agreement with the Sigma Supply Chain Solution for handling, storage, maintenance, admi...
- NCLT admits insolvency plea against Future Supply Chain SolutionThe financial creditors include Azim Premji Trust at Rs 227.20, IDFC Bank at Rs 214 crore, Yes Bank at Rs 71 crore and State Bank of India ...
- IBBI amends regulations to boost value of stressed companiesThe Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations with the "objective to maximise value in resolution" and th...
- Three Future group firms to file claims before FRL's interim resolution professional"With the initiation of the CIRP (Corporate Insolvency Resolution Process) in FRL, the company would be required to quantify its receivable...
- SC asks NCLT, NCLAT to strictly adhere to IBC timelines, clear pending resolution plansThe NCLT had allowed the withdrawal application filed by Ebix under Section 60(5) of the IBC to withdraw its Resolution Plan submitted for ...
- India likely to witness sharp rise in insolvencies in the coming days: MS Sahoo“The 2008 financial crisis had witnessed a sharp increase in corporate and personal insolvencies all over the world and that is an indicati...
- Pre-pack plan for insolvency to be tested with MSMEsUnder a pre-packaged insolvency plan, debtors and creditors agree upon the restructuring plan in advance, helping speed up the process.
- Minda Corporation’s German subsidiary filed for insolvency in GermanyAfter extensive deliberations and considerations on the current and future cash flow requirements of MKTSN clubbed with COVID 19 pandemic i...
- Pre-packaged resolution plan to help expedite insolvency process: ExpertsAs part of efforts to fast-track processing of cases, the government has been mulling introduction of the provision for pre-packaged (pre-p...
- Navayuga, Sikkim Power bid for Arunachal Pradesh’s stressed power projectAthena Energy owes Rs 550 crore to Indian Bank and Corporation Bank as working capital dues that the lenders were unable to recover from th...
- Proposed insolvency law is adequate: Sumant BatraSumant Batra, president of UK-based International Association of Restructuring and Insolvency Professionals (INSOL), which has been assisti...
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