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IBC RULING
NCLT rejects insolvency plea against Noida Metro Rail Corporation over pre-existing disputesThe National Company Law Tribunal has rejected an insolvency plea against Noida Metro Rail Corporation. The tribunal found genuine disputes...- NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...
- Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...
- Insolvency law not a recovery mechanism, Supreme Court reiterates in key IBC rulingIn a landmark decision, the Supreme Court has clarified that insolvency law is not intended for the mere pursuit of debt recovery. It highl...
- SBI seeks Supreme Court review of spectrum ruling in Aircel case, warns of banking and IBC risksSBI has moved the Supreme Court seeking review of its February 13 ruling that barred telecom spectrum from being treated as an asset under ...
- SBI moves Supreme Court seeking review of spectrum ruling, flags impact on telecom insolvenciesThe State Bank of India is asking the Supreme Court to reconsider a recent ruling. The judgment prevents telecom spectrum from being treate...
- Corporate Affairs ministry proposes easing company incorporation rulesIn an effort to boost entrepreneurship, the corporate affairs ministry is poised to revamp the company incorporation process. By consolidat...
- Govt plans to rationalise filing framework under companies lawThe Corporate Affairs Ministry is embarking on an initiative to streamline company law filings, merging various forms into a more user-frie...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- Vedanta questions metrics behind Adani’s winning bid for JALVedanta Group is challenging the selection of Adani Enterprises' bid for Jaiprakash Associates Ltd. Vedanta claims its offer was significan...
- IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
- 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...
- NCLAT dismisses BSE pleas challenging NCLT’s power to defreeze demat accounts in insolvency casesNCLAT dismissed BSE’s appeals against NCLT orders to defreeze demat accounts of insolvent firms, ruling that NCLT has jurisdiction under th...
- Bankruptcy court admits BSE-listed Supha Pharmachem under Insolvency Resolution ProcessThe Mumbai bench of the National Company Law Tribunal has admitted Supha Pharmachem into the Corporate Insolvency Resolution Process (CIRP)...
- MCA seeks inputs from shareholders to revamp IBC rulesIn a notice, the ministry also said it’s seeking to tweak the rules on the application to the adjudicating authority, the annual statement ...
- SC's IBC ruling to boost recoveries"The recent ruling has potential to improve the recovery in existing written-off accounts, many of which are through the bankruptcy code, a...
- Wadias may seek IBC rule waiver to bid for Go FirstThe Wadia Group, which owns Go First Airlines, could seek a waiver from the Insolvency and Bankruptcy Code (IBC) rules that bar promoters f...
- Sebi tells trustees to follow its norms in votes on resolutionSebi rules say that all bondholders have to vote for a resolution to pass. That is contrary to the IBC rules, which allow voting to be done...
- Income tax cannot raise fresh claims after resolution plan approved under IBC: Bombay High CourtThe tax department had issued fresh notices to the corporate debtor after a resolution plan was approved. There is still ambiguity over wha...
- New IBC rules to cover financial service providersThe corporate affairs ministry has notified the Insolvency and Bankruptcy Rules, 2019. It will provide a generic framework for insolvency a...
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