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INSOLVENCY OF CORPORATE GUARANTOR
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- 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...
- Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVLVideocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows s...
- NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil VenturesThe NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an...
- NCLT admits insolvency plea against Supreme Housing & HospitalityThe National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm ...
- This smallcap real estate stock rallied 51% in 3 days. What’s behind the surge?Embassy Developments shares surged 51% in three days after the NCLAT overturned an earlier order admitting the company into insolvency proc...
- NCLAT ends insolvency proceedings against realty firm Embassy DevelopmentThe Delhi bench of the National Company Law Tribunal (NCLT), in December 2025, directed the initiation of insolvency proceedings against th...
- Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...
- 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...
- Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
- Creditors can pursue simultaneous insolvency proceedings against both debtors, guarantorsThe Supreme Court has ruled that financial creditors can initiate simultaneous insolvency proceedings against both a principal debtor and i...
- IBC helps personal guarantors resolve financial stress: MCAThe Insolvency and Bankruptcy Code (IBC) provides opportunities for defaulting firms and personal guarantors to restructure debts. The Mini...
- 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...
- Govt asks PSBs to look at initiating insolvency proceedings against personal guarantorsIn an advisory, the Department of Financial Services has asked Public Sector Banks (PSBs) to consider putting in place a mechanism for moni...
- Personal guarantor insolvency under IBC from December 1According to the Supreme Court’s recent ruling in the Essar Steel case, overturning an order of the National Company Law Appellate Tribunal...
- Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting co: NCLATIn a far-reaching judgement, the appellate tribunal said that corporate guarantors are also financial debtors.
- No moratorium for personal guarantors: Supreme CourtThe law mandates a moratorium of 180 days against a corporate debtor once insolvency proceedings start.
- Insolvency law: Government to review sale ban on guarantors’ personal assetsThe law committee has identified issues that may impact the efficiency of corporate insolvency resolution and will submit its recommendatio...
- Screws tighten on defaulters, personal guarantors too may now face insolvency heatPersonal guarantors who may have escaped action in the NCLT process will no longer be immune. Their assets may now be encashed and used for...
- Beware corporate guarantors! You can't escape NCLTCorporate guarantee is no more to be presumed as a comfort undertaking as it leads to definite monetary obligations dragging the corporate ...
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