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BANKRUPTCY SETTLEMENT PROCESS
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...
- 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...
- 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...
- Byju Raveendran says settlement near after Singapore court contempt orderByju's founder Byju Raveendran announced a settlement in principle with lenders like GLAS Trust and Qatar Investment Authority, following a...
- More than 8,800 cases admitted under IBC, creditors realise over Rs 4.11 lakh cr till Dec 2025India's Insolvency and Bankruptcy Code has seen significant success. By December 2025, over 8,800 corporate insolvency cases were admitted....
- 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 ...
- IBC study calls for auction reform to boost MSME insolvency resolutionA new study suggests changes to how bankrupt micro, small, and medium enterprises are rescued. It proposes a single objective auction model...
- Insolvency process against Raheja Shilas project in Gurugram to continue, says NCLATThe National Company Law Appellate Tribunal has rejected Raheja Developers' request to end insolvency proceedings for its Raheja Shilas pro...
- Don’t be misled: The IRS fresh start program won’t wipe out all your debtThe IRS Fresh Start program helps taxpayers manage tax debt but does not erase everything. It makes it easier to apply for payment plans, s...
- Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) BillThe Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, replacing the underutilized fast-track process with a new cre...
- UltraTech settles JAL dispute, agrees to redeem Rs 1k-cr sharesUltraTech Cement has finally settled a lengthy arbitration dispute with Jaiprakash Associates, paving the way for a fresh financial landsca...
- J&J unit files for bankruptcy to advance $10 billion talc settlementA Johnson & Johnson subsidiary has filed for bankruptcy for the third time to advance a $10 billion settlement aimed at resolving over 62,0...
- Pre-pack scheme under IBC likely for large companies tooAs part of amendments to the IBC, the corporate affairs ministry will likely include the provision to extend the pre-packaged insolvency fr...
- Out-of-court deals gain traction as lenders, companies look to avoid IBCAccording to the Insolvency and Bankruptcy Board of India, 23,417 applications for initiation of the Corporate Insolvency Resolution Proces...
- 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...
- Lenders accept Rs 2,500 crore offer from Jindal family faction to settle dues of power firmThe family of BC Jindal, whose nephews Naveen and Sajjan control JSPL and JSW, respectively, had made an offer to restructure the debt of t...
- IDBI Bank settles loan with Aircel founder SivaIDBI Bank had initiated bankruptcy proceedings against Siva Industries in 2019. The loans were availed by a group company that later merged...
- Sterling SEZ sent for liquidation; NCLT asks government to take punitive action against bankersThe tribunal also excluded the litigation time from the bankruptcy process until further orders.
- No final bid yet from RIL: LyondellBasellAmid reports that RIL was mobilising funds for its acquisition, LyondellBasell said it has not yet received a final bid. RIL's LyondellBase...
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