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BANKRUPTCY TRUSTEE APPOINTED
IBBI issues new guidelines to speed up appointment of insolvency professionalsThe Insolvency and Bankruptcy Board of India has released new rules for insolvency professionals. These guidelines aim to speed up appointm...- NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantorInsolvency proceedings have begun against Venugopal Dhoot, former chairman of Videocon. The National Company Law Tribunal directed this act...
- NCLT declares ex-DHFL chairman Kapil Wadhawan bankrupt over ₹4,546 crore duesThe NCLT Mumbai has declared Kapil Wadhawan, the former chairman of DHFL, bankrupt following a petition by Union Bank of India to recover ₹...
- Byju’s bankruptcy ruling in US catches Indian official off guardThe decision, made at a Tuesday hearing in Delaware, will lead to involuntary Chapter 11 bankruptcy of units including Neuron Fuel Inc., Ep...
- IBBI issues new guidelines to streamline process of appointing IPs as resolution professionalsThe Insolvency and Bankruptcy Board of India (IBBI) issues new guidelines to streamline the appointment of insolvency professionals (IPs) a...
- IBBI amends norms related to insolvency resolution process for personal guarantorsIBBI has made amendments to the insolvency resolution process for personal guarantors and voluntary liquidation process. The changes remove...
- 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...
- NCLT admits personal insolvency application against Kishore BiyaniThe admission of the application by the National Company Law Tribunal (NCLT) ensures moratorium on transactions of personal assets of the g...
- IBBI prepares list of 400 insolvency professionals for easy pickingsIn a first for the country's bankruptcy resolution regime, the insolvency regulator has prepared a "common panel" of 400 insolvency profess...
- IBBI to form 'common panel' of insolvency professionalsThe bankruptcy regulator will prepare a "common panel" of insolvency professionals (IPs) from those registered with it and share the list i...
- NCLAT dismisses Renaissance Indus Infra promoter’s plea against insolvencyThe debenture trustee document along with inter-creditor agreement provides that it is only the debenture trustee—Vistra ITCL (India)— whic...
- FTX points to cost, cyber risk as it opposes independent bankruptcy investigationFTX attorney James Bromley at Monday's hearing told Judge John Dorsey, who is overseeing the crypto exchange's Chapter 11 case, that the pr...
- FTX judge weighs demand for independent bankruptcy investigationThe U.S. Department of Justice's bankruptcy watchdog has urged U.S. Bankruptcy Judge John Dorsey, who is overseeing FTX's Chapter 11, to ap...
- US justice department watchdog seeks independent review of FTX bankruptcyThe DOJ's Office of the US Trustee said in a filing in Delaware bankruptcy court that it did not question John Ray's competence or earnestn...
- Future Retail IRP admits Rs 17,511 crore financial creditors claimThe IRP, Vijay Kumar Iyer backed by Deloitte India, received Rs 21,058 crore claims from financial creditors; however, all claims were not ...
- RBI supersedes RCap board, starts insolvency proceedingsThe action by the central bank was taken "in view of the defaults by RCL in meeting the various payment obligations to its creditors and se...
- Pramod Mittal’s bankruptcy case in UK gets extendedBillionaire steel magnate Lakshmi Mittal’s younger brother Pramod Mittal was due to be automatically freed from bankruptcy in Britain. But ...
- Involuntary bankruptcy case against Trinity Coal filed"Trinity's current management has failed to negotiate with Trinity's creditors," Credit Agricole said in its court papers.
- Madoff investment company auctioned for $25.5 mnA US court on Thursday approved the auction of Wall Street fraudster Bernard Madoff's former investment company for a price of up to 25.5 m...
- Investors can force Madoff bankruptcy: JudgeA federal judge says investors can force Bernard Madoff into personal bankruptcy proceedings.
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