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INSOVENCY AND BANKRUPTCY CODE
JSW Steel shares sink 6.5% after Supreme Court nullifies Bhushan Power acquisitionJSW Steel's shares plummeted after the Supreme Court deemed its Rs 19,700 crore acquisition of Bhushan Power & Steel illegal, ordering liqu...- IBBI proposes mandatory monitoring committees for resolution plansThe IBBI proposes monitoring committees to oversee resolution plans under IBC rules. These committees will ensure smooth implementation and...
- Is the government strategically manoeuvring the IBC?Strangely, post the announcement of Bad Bank, the National Company Law Tribunal (NCLT) benches have been staffed sub-optimally. Fewer judge...
- BPSL's Sanjay Singal appeals against SBI invocation of personal guarantee, cites Anil Ambani caseIn a notice to Singal dated August 31 SBI had said total loans of Rs 12,276 crore were due to the bank by the company and are now in defaul...
- View: The Insolvency and Bankruptcy Code now needs its next booster stageThe case burden in NCLT on account of IBC has been overwhelming. Over 24,000 applications were filed since IBC’s commencement in December 2...
- NCLAT allows lenders to meet and finalise Bhushan Power bidVacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of the company to consider the resolution p...
- Insolvency ordinance: Lenders say they’ll be hitLenders are likely to be impacted as barring promoters from bidding would bring down the value of these assets, at least three senior banke...
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