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DEBTOR DEFINITION
Adani’s ₹5,700 crore Jaypee takeover gets monitoring panel to oversee execution of key dealsAdani Enterprises is embarking on a transformative journey to breathe new life into Jaiprakash Associates. With assets valued at around ₹5,...- Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
- Bankruptcy Court admits Oban Fashions under insolvency resolutionOban Fashions Pvt Ltd, a subsidiary of Rupa & Co Ltd, has been admitted under the Corporate Insolvency Resolution Process by the Mumbai ban...
- AIFs want to know extent of exclusion for equity play nowOn Wednesday, the Reserve Bank of India (RBI) allowed banks and NBFCs to exclude AIF investments in equity shares of their debtor companies...
- NCLT directs to initiate insolvency proceedings against Imperia Structures, appoints IRP"The petition establishes that the corporate debtor is in default of a debt due and payable and that the default is for an amount which is ...
- NCLT dismisses plea seeking insolvency proceedings against Religare EnterprisesLigare Aviation has approached NCLT against Religare Enterprises, which is a corporate guarantor of the principal borrower Auriga Marketing...
- '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...
- Has suspension of IBC proceedings achieved its desired goal?When the suspension was proposed in June 2020, no one expected that the pandemic would last for such a long period, and therefore a one yea...
- Government extends suspension of fresh insolvency proceedings for three monthsThe ministry of corporate affairs, which notified the extension on Thursday, had received extensive representation from the industry seekin...
- NCLAT sets aside insolvency proceedings against Ansal Properties and InfrastructureThe appellate tribunal set aside the orders of the Delhi bench of the National Company Law Tribunal (NCLT), which had on March 17 directed ...
- Assets of companies under insolvency can’t be attached by agenciesThe Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet on Wednesday.
- Getting your dues: Procedure for creditors to file under IBCThe recent Insolvency and Bankruptcy Code (IBC) has been a big sigh of relief for MSMEs which would, ensure faster debt recovery or liquida...
- Homebuyers, MSMEs may get IBC reliefThe ordinance will make homebuyers financial creditors as the amounts raised from them under a real estate project would count as commercia...
- IBC panel bats for flexibility and accountability for stakeholdersThe panel has recommended a reduction in the voting threshold from the existing 75% to 66% for critical actions like approval of the resolu...
- View: Resolution plans under IBC should adhere to principles of natural justiceIf the debtor company or its directors fail to avail the opportunity for submission of resolution plan, the creditors will be free to offer...
- IBC panel eases insolvency rules for MSME owners, treat home buyers as creditorsThe committee proposed that promoters of MSMEs who are not wilful defaulters should be allowed to bid during the insolvency process.
- Finance Minister Arun Jaitley introduces bill to amend IBC in Lok SabhaThe bill seeks to replace an ordinance which was promulgated in November to prevent unscrupulous persons from misusing or vitiating the pro...
- Faster insolvency process in place for startups, small companiesApart from startups and small companies, an unlisted firm with total assets worth up to Rs 1 crore would be eligible for fast-track insolve...
- The how, why & what about Business GuaranteesA Guarantee is a promise to pay another person's debt or fulfill his or her contractual obligation, if that other person fails to perform h...
- Before you turn a loan guarantor understand the financial liabilities you will incurIt is important to understand the financial liabilities you will incur since you may have to pay the dues if the borrower were to default.
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