On Wednesday, the Reserve Bank of India (RBI) allowed banks and NBFCs to exclude AIF investments in equity shares of their debtor companies...

"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 ...

Ligare Aviation has approached NCLT against Religare Enterprises, which is a corporate guarantor of the principal borrower Auriga Marketing...

Legal experts say the judgement will set a precedent for more cases as until now tax dues were generally excluded from the secured creditor...

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...

The ministry of corporate affairs, which notified the extension on Thursday, had received extensive representation from the industry seekin...

The appellate tribunal set aside the orders of the Delhi bench of the National Company Law Tribunal (NCLT), which had on March 17 directed ...

The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet on Wednesday.

The recent Insolvency and Bankruptcy Code (IBC) has been a big sigh of relief for MSMEs which would, ensure faster debt recovery or liquida...

The ordinance will make homebuyers financial creditors as the amounts raised from them under a real estate project would count as commercia...

The panel has recommended a reduction in the voting threshold from the existing 75% to 66% for critical actions like approval of the resolu...

If the debtor company or its directors fail to avail the opportunity for submission of resolution plan, the creditors will be free to offer...

The committee proposed that promoters of MSMEs who are not wilful defaulters should be allowed to bid during the insolvency process.

The bill seeks to replace an ordinance which was promulgated in November to prevent unscrupulous persons from misusing or vitiating the pro...

Apart from startups and small companies, an unlisted firm with total assets worth up to Rs 1 crore would be eligible for fast-track insolve...

A 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...

It is important to understand the financial liabilities you will incur since you may have to pay the dues if the borrower were to default.