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CORPORATE INSOLVENCY RESOLUTION PROCESS
Insolvency professionals need to be wary of IBC abuse indicators: IBBIInsolvency professionals are now required to watch for at least nine "indicators" to prevent abuse of the Insolvency and Bankruptcy Code (I...- NBCC moves Supreme Court over RERA rules for 16 Supertech projectsThe Supreme Court will hear NBCC's plea regarding RERA compliance for Supertech projects. NBCC seeks exemption from statutory provisions fo...
- SpiceJet gets more time as NCLT defers lessors’ bankruptcy casesThe NCLT postponed rulings on SpiceJet bankruptcy petitions after a settlement. The tribunal will issue its order on Wednesday, August 19, ...
- Maharashtra govt forms panel to tackle Chakan industrial belt’s infrastructure crisisMaharashtra government formed a high-level panel to resolve infrastructure issues in Chakan. Companies threatened relocation due to pothole...
- Chandrasekaran, Noel Tata separately briefed govt on rift, concerns before chairman's exitTata leaders recently updated government officials on internal conflicts and strategic rifts within the conglomerate. Issues concerning bus...
- Housing society expels member by passing a resolution with 3/4 majority: Can it force the resident to vacate or sell the flat?If housing society expels resident from membership by 3/4th majority votes, should the resident vacate or sell the flat? Know what the law ...
- JSW Mahanadi Power settles dispute with Raigarh Champa Rail; NCLAT disposes of appealThe NCLAT disposed of an appeal between JSW Mahanadi Power and RCRIPL. Both companies reached an amicable settlement after a dispute over u...
- Independence Day 2026: The companies India built for business backbone enter a new chapter2026 Independence Day: India's public sector, initially built for industrial necessity, is now undergoing a significant transformation. The...
- NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank duesThe NCLAT upheld an NCLT order initiating insolvency proceedings against a personal guarantor. This decision involved Asif Ahmed Siddique, ...
- Sebi proposes to rationalise penalties for settling ongoing casesIndia's market regulator has introduced an updated framework for addressing securities law violations, designed to streamline processes and...
- Parliamentary panel backs govt steps to strengthen IBC recovery, seeks deeper action on fund diversionA parliamentary panel has backed govt efforts to improve insolvency recovery, seeking urgent action to prevent fund diversion during insolv...
- Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interferenceIn Maharashtra, over 36,000 private companies have been dissolved within the last five years, particularly affecting the business services ...
- Govt issues advisory against two Bhutanese cos on trade risksThe government has advised exporters, banks and trade bodies to exercise heightened caution while dealing with Bhutan-based Legoy Powerspor...
- Cheyenne proverb of the day: ‘If a man is as wise as a serpent, he can afford to be as harmless as a dove’A Cheyenne proverb expresses that wisdom fosters a gentle spirit akin to a dove. While awareness and vigilance may mirror a serpent, they d...
- NCLAT junks plea of Log 9 Mobility's executives against order to assist in recovery of EVs leased from GensolThe NCLAT rejected an appeal by Log 9 Mobility's suspended directors. They challenged an NCLT order to help recover leased electric vehicle...
- NCLAT rejects DoT's 469-crore claim appeal in Rolta insolvency; upholds resolution planThe NCLAT has officially dismissed the Department of Telecommunications' (DoT) appeal against Rolta India's resolution plan, stating it has...
- NCLT rejects Authum's plan for Vas Infra over CIRP issueThe NCLT rejected Authum Investment's plan for Vas Infrastructure due to irregularities. The tribunal found misrepresentation of assets and...
- SC says insolvency shield cannot protect real estate promoters from homebuyers' casesThe Supreme Court ruled promoters and directors cannot use insolvency moratorium against homebuyers. This decision provides significant rel...
- NCLT approves Aspect JV's resolution plan for Radius & Deserve Land DevelopersThe NCLT approved Aspect Group's resolution plan for Radius & Deserve Land Developers. This approval concludes the company's corporate inso...
- MCA plans unified digital platform for insolvency ecosystem, seeks stakeholders’ inputsThe Ministry of Corporate Affairs has proposed creating a unified digital platform for India's insolvency ecosystem to speed up the resolut...
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