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IBC SECTION 95
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- NCLT admits insolvency plea against Supreme Housing & HospitalityThe National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm ...
- NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantorInsolvency proceedings have begun against Venugopal Dhoot, former chairman of Videocon. The National Company Law Tribunal directed this act...
- NCLAT junks Reliance Realty's plea for insolvency against Altruist Customer ManagementThe National Company Law Appellate Tribunal has dismissed Reliance Realty's appeal. This follows the rejection of their insolvency plea aga...
- Culver Max insolvency plea against fintech firm: NCLAT quashes NCLT order, directs fresh hearingCulver Max Entertainment receives a reprieve from the NCLAT. The appellate tribunal has overturned a previous NCLT decision that dismissed ...
- NCLAT issues notice to Ambuja Cements over Alok Sanghi's insolvency pleaThe NCLAT has issued a notice to Adani Group's Ambuja Cements regarding a plea from Alok Sanghi, the former promoter of Sanghi Industries. ...
- IBC moratorium does not shield individuals from penalties under consumer law: SCThe Supreme Court ruled that interim moratoriums under the Insolvency and Bankruptcy Code (IBC) do not protect individuals or companies fro...
- NCLT orders insolvency proceedings against Subhash Chandra on Indiabulls Housing Finance pleaIndiabulls Housing Finance Ltd (IHFL) had moved NCLT after Vivek Infracon had in 2022 defaulted a payment of around Rs 170 crore. Vivek Inf...
- ET Explains: What is the significance of personal guarantee and what will change for a guarantor after SC order?In a landmark ruling, the Supreme Court upheld the constitutional validity of the personal guarantor provisions found in the Insolvency and...
- SC denies IBC relief to personal guarantors"IBC cannot be held to be operating in a retroactive manner in order to hold it violative of the constitution," it said. "Thus, we hold tha...
- SC holds IBC cannot be held to be operating in retroactive mannerIn a setback to promoter industrialists, the Supreme Court holds the statute (IBC) does not suffer from any manifest arbitrariness to viola...
- SC issues notice to Centre on pleas challenging provisions of insolvency and bankruptcy code"The Impugned Provisions are inherently violative of the principle of natural justice and strike at the root of the right of livelihood, ri...
- Court approves Swan Energy team's resolution plan for Reliance NavalThe winning bidder, Swan Energy - Hazel Mercantile team, offered a staggered payment of ₹2,040 crore, while on the net present value (NPV) ...
- NCLT disposed of insolvency cases involving nearly Rs 10.5 lakh crore: Justice Ramalingam SudhakarThe amount was mentioned by tribunal's President Chief Justice (Retd) Ramalingam Sudhakar while delivering the sixth annual day lecture of ...
- Lenders offer to sell their Reliance Naval loans to NARCLThe National Asset Reconstruction Co (NARCL), is in the process of giving a binding offer to the lenders, one of the persons cited above sa...
- Hazel-Swan consortium wins race for Reliance NavalHazel Mercantile-Swan Energy received the highest percentage of votes even as Reliance Infrastructure (RInfra), another Anil Ambani company...
- 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...
- NCLAT admits Venugopal Dhoot's petition against Anil Agarwal's Twin Star takeover bidVideocon group’s former promoter Venugopal Dhoot haD moved the National Company Law Appellate Tribunal (NCLAT) against the decision of the ...
- Videocon lenders approve Twin Star Technologies bid"In the e-voting conducted pursuant to the 19th meeting of the CoC held on November 11, 2020, for which voting process concluded on Decembe...
- SC to transfer to self and hear all HC cases challenging proceedings against personal guarantorsA bench led by Justice L Nageshwara Rao made this decision while dealing with a plea filed by the Insolvency and Bankruptcy Board of India ...
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