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INDIAN CORPORATE DEBTORS
The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...- IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiencyThe Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...
- Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
- NCLT admits Smaaash Leisure into insolvencySmaaash Leisure, a popular entertainment operator, has been admitted to insolvency proceedings. The company failed to repay its dues, leadi...
- Budget 2025: Relief for a larger segment of Indian promoters under the insolvency codeThe Indian government's reclassification of MSMEs brings more companies under Pre-packaged Insolvency Resolution Process (Prepacks). This a...
- Byju's moves NCLAT against NCLT's insolvency order; seeks urgent hearingEdtech firm Byju's has moved the National Company Law Appellate Tribunal against the recent order of NCLT. The company is seeking an urgent...
- Insolvency law fosters healthy credit culture: NFRA chief PandeyOn Tuesday, Ajay Bhushan Prasad Pandey, chairman of the National Financial Reporting Authority (NFRA), emphasized the importance of insolve...
- Athena Demwe bid: NCLAT rejects Navayuga Engineering Company's pleaThe National Company Law Appellate Tribunal rejected Navayuga Engineering's appeal against disqualification from bidding for the Athena Dem...
- Nitin Desai suicide case: Edelweiss group chairman, others move Bombay HC seeking quashing of FIREdelweiss group chairman Rashesh Shah and ECL Finance executives have approached the Bombay High Court to quash the FIR registered against ...
- Make pre-packaged resolution not scaryThe pre-packaged insolvency resolution process (PIRP), a debtor-initiated reorganisation plan in advance with creditors on board, has repor...
- NCLT admits insolvency plea against WizcraftIDBI Bank had given a loan to Great Indian Nautanki Company (GINC), a subsidiary of Wizcraft that runs India’s first live entertainment des...
- Pre-packaged insolvency plan for MSMEs to save jobs: MCA SecyThe new framework applies to defaults occurring during the pandemic and is based on the ‘debtor-in-possession’ model with the involvement o...
- RCom insolvency process to collapse if spectrum is not a part: SBI tells Supreme CourtWithout any spectrum to use, the telco would cease to continue as a going concern and cannot be transferred as a going concern, as required...
- 'Changes to bankruptcy code ready, to be sent to cabinet’The changes include cross-border insolvency framework and harsher punishments for irregularities.
- Amendment to IBC will help small stakeholders but delay resolutionThe revised Act says the corporate debtor can file insolvency commencement petition only if its shareholders pass a special resolution.
- Nirav Modi case: India has no option but to actWill the FEOB help bring Nirav Modi to book in India? If not, we are likely to lose billions more, and much of India Inc’s lustre and spark...
- Fixing fair value of bankrupt company under IBC mandatory nowThis will enable banks to ascertain the market price of the distressed company. Earlier, the banks only had the usually much lower liquidat...
- IRP nod must for recovering money from defaulter's bank a/c: NCLATThe NCLAT was hearing the plea of IOB, which is one of the financial creditors of debt-ridden auto component maker Amtek Auto. It holds 4.0...
- Can a bank allow a company under insolvency to withdraw cash?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 how, why & what about Business GuaranteesA Guarantee is a promise to pay another person's debt or fulfill his or her contractual obligation, if that other person fails to perform h...
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