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INSOLVENCY AND BANKRUPTCY RULES
NCLAT upholds full PF, gratuity payments for Jet Airways employeesIn a landmark decision, the NCLAT has ruled that former Jet Airways employees are entitled to their full provident fund and gratuity dues, ...- IBBI seeks to streamline real estate insolvency regulations with focus on homebuyersIndia's bankruptcy watchdog is proposing significant reforms to expedite real estate insolvency. Key changes include excluding completed or...
- 'Creditors can't seek claims beyond okayed resolution plan'Creditors seeking duplicate recoveries from group companies after a resolution plan is finalized will be disappointed, the NCLT ruled. JM F...
- New valuation rules seek fairer outcomes in bankruptcy casesNew Delhi: The bankruptcy regulator has issued a circular for standardized valuation of companies under the Insolvency and Bankruptcy Code....
- NCLT rejects insolvency plea against Noida Metro Rail Corporation over pre-existing disputesThe National Company Law Tribunal has rejected an insolvency plea against Noida Metro Rail Corporation. The tribunal found genuine disputes...
- 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...
- Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...
- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- Govt relaxes insolvency rules for MSMEsNew rules aim to simplify insolvency for MSMEs. Only one valuer will be appointed per asset class, cutting costs. Strict new regulations pr...
- Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bidIn a surprising turn of events, Ambuja Cements, part of the Adani Group, has put in a bid of Rs 580 crore for Jaypee Cement. However, this ...
- Insolvency law not a recovery mechanism, Supreme Court reiterates in key IBC rulingIn a landmark decision, the Supreme Court has clarified that insolvency law is not intended for the mere pursuit of debt recovery. It highl...
- Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...
- SBI seeks Supreme Court review of spectrum ruling in Aircel case, warns of banking and IBC risksSBI has moved the Supreme Court seeking review of its February 13 ruling that barred telecom spectrum from being treated as an asset under ...
- SBI moves Supreme Court seeking review of spectrum ruling, flags impact on telecom insolvenciesThe State Bank of India is asking the Supreme Court to reconsider a recent ruling. The judgment prevents telecom spectrum from being treate...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- 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...
- HDFC moved NCLT against SITI Networks claiming default of Rs 296 cr"The company has received the notice of the said case on April 13, 2022," the Essel group firm said adding it "is compiling information to ...
- RBI supersedes DHFL board, to initiate insolvency proceedings soonR Subramaniakumar, ex-CEO of Indian Overseas Bank has been appointed as administrator.
- Personal guarantor insolvency under IBC from December 1According to the Supreme Court’s recent ruling in the Essar Steel case, overturning an order of the National Company Law Appellate Tribunal...
- New IBC rules to cover financial service providersThe corporate affairs ministry has notified the Insolvency and Bankruptcy Rules, 2019. It will provide a generic framework for insolvency a...
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