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IBC SETTLEMENT
'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's Rs 6.5 crore payoutThe NCLT has given the green light for Subhash Chandra's settlement of Rs 6.5 crore against outstanding dues of Rs 22,006 crore. This drast...- 'Indian debt resolution justice," Vijay Mallya alleges denial of justice, raises debt resolution questionsIn December 2025, Mallya had questioned the Central government and public sector banks over what he described as inconsistent statements on...
- Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra planThe insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore c...
- Parliamentary panel seeks penalties for banks hosting multiple mule accountsA parliamentary committee suggests penalizing banks for mule accounts and KYC lapses. It also highlighted delays in merchant discount rates...
- 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...
- NCLAT allows withdrawal of insolvency case against Oswal Overseas after settlement with creditorThe National Company Law Appellate Tribunal allowed Oswal Overseas' appeal withdrawal after a settlement. Oswal Overseas and LH Sugar Facto...
- NCLAT revives insolvency proceedings against Chintamani's Jewellery Arcade on Axis Bank pleaInsolvency proceedings against Chintamani's Jewellery Arcade have been revived by the NCLAT after Axis Bank filed a restoration application...
- Adani Ports emerges top contender for Karanja Terminal takeoverAdani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation's top port...
- NCLT approves Mantra Properties’ resolution plan for stalled project in WorliThe NCLT Mumbai Bench has approved Pune-based Mantra Properties & Developers’ resolution plan to revive a stalled Worli residential project...
- Areion Assets Management launches $60 million AIF to tap India's special situations marketAreion Assets Management has launched a $60 million Category III AIF from GIFT City targeting India’s special situations market. The fund w...
- IBC: Creditors realised Rs 4 lakh cr; cases involving Rs 14 lakh cr settled in pre-admission stageIndia's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionall...
- 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 ...
- Panel on insolvency proposes mediation at pre-default stageAn expert committee, led by TK Viswanathan, has recommended mediation between lenders and borrowers at the pre-default stage for faster out...
- 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 ...
- NCLAT upholds Siva Industries liquidationThe settlement offer under Section 12A was made by RCK Vallal, who is the father of the founder of Siva group, C Sivasankaran. Siva Group i...
- Company law tribunal can't compel parties to settle dispute in insolvency proceedings under IBC, says SCA bench comprising Justices D Y Chandrachud and A S Bopanna set aside the verdicts of NCLT and NCLAT which had asked the company to try to ...
- At 61%, IL&FS recovery may beat IBC’s 39%According to C S Rajan, MD of IL&FS, the company has managed this through a combination of court-approved sales and settlements. Given that...
- Healthy debate between government and RBI should continue: Sunil Mehta, PNBFrom a process point of view, IBC has achieved some great success, says PNB chairman.
- Now no banker would think of outside settlement: Dalmia Bharat’s Singhi on SC's Binani judgementWith the Supreme Court lobbing the Binani Cement case back to the National Company Law Tribunal, Dalmia Bharat Group CEO Mahendra Singhi ca...
- Dalmia Bharat group seeks RBI intervention in Binani Cement settlementCompany alleges that despite binding contracts, some members of the CoC were trying to go for settlement with promoters of Binani Industrie...
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