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SECTION 31 IBC
NCLAT quashes Ligare Aviation's insolvency; loan from Religare Enterprises round-tripping of moneyThe National Company Law Appellate Tribunal has cancelled insolvency proceedings against Ligare Aviation. The tribunal found the National C...- 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 ...
- SC asks NCLAT to take decision on 14 housing projects of debt-ridden SupertechThe Supreme Court has directed the NCLAT to quickly decide on merging Supertech's remaining 14 housing projects. This move aims to ensure p...
- Bhushan Power ex-promoter moves NCLT to give effect to SC liquidation orderSanjay Singal, former promoter of Bhushan Power and Steel, has appealed to the NCLT Delhi to enforce the Supreme Court's decision overturni...
- NCLT rejects REC plea against global metal over default dateThe National Company Law Tribunal (NCLT) rejected REC Ltd's application against Global Metal & Energy Pvt Ltd. The tribunal ruled that the ...
- IBBI prepares list of 787 insolvency professionals to expedite resolution processThe move is aimed at avoiding administrative delays in the appointment of IPs to expedite insolvency resolution and prevent further erosion...
- NCLAT to hear IDBI Bank’s plea against Zee Ent in payment dispute case on Aug 31The National Company Law Appellate Tribunal (NCLAT) on Thursday agreed to hear IDBI Bank’s plea against Zee Entertainment in payment disput...
- Bankruptcy resolution rate of realty companies among the poorest, says new studyThe study said the IBC had driven superior value realisation by financial creditors in real estate - with this class of creditors realising...
- NARCL gives binding offer of Rs 600 crore for Rolta's local debtPromoted by Kamal Singh, Rolta India has an outstanding due of ₹5,712 crore with banks and senior notes (overseas borrowings) of ₹3,382 cro...
- 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 ...
- 'Secured creditor' in IBC doesn't exclude govt bodies, says SCLegal experts say the judgement will set a precedent for more cases as until now tax dues were generally excluded from the secured creditor...
- 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 ...
- Dues by ailing firms to Centre, states extinguish if not part of resolution plan under IBC: SCThe apex court said the principal objects of IBC is to provide for "revival of the Corporate Debtor and to make it a going concern" and rem...
- View: Will lifting of IBC suspension turn out to be a damp squib?Proviso to Section 10A of the IBC states that, no application shall ever be filed for initiation of corporate insolvency resolution process...
- Videocon Insolvency: Dhoot family offers to pay Rs 30,000 crore to settle outstanding debtVenugopal Dhoot was the Chairman and Managing Director of the suspended board of Videocon Industries. The company's board was suspended fol...
- NCLAT may reconsider its 5-member bench ruling on debt acknowledgement for insolvency pleaThe issue pertains to whether entries in the balance sheet can be treated as an acknowledgement of debt for the purpose of calculating the ...
- IBC provisions to protect companies from ending up in liquidation: FM SitharamanThe upper house of Parliament passed the bill, which seeks to replace the ordinance imposing the suspension of certain sections of the IBC ...
- NCLAT sets aside insolvency proceedings against Sarda Agro OilsIn an order, a three-member bench of the NCLAT said the date of default is computed from the date of declaration of account as a NPA (Non P...
- Plea against Insolvency code ordinance; Delhi High Court seeks Centre's standA bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Ministry of Law and the Insolvency and Bankruptcy Board o...
- Ruias ready forces for a comeback at Essar SteelThe move will come under fire as the recent IBC amendment aims to stop promoters of such companies from regaining control unless they settl...
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