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INSOLVENCY RESOLUTION PERSONNEL
Court-monitored resolution process needed for 'Supernova' project: Amicus to SCThe Supreme Court is considering a resolution for Supertech's Supernova project. This project faces insolvency proceedings. The court is lo...- NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRPThe National Company Law Tribunal has initiated insolvency proceedings against Gensol Engineering and Gensol EV Lease following petitions f...
- Byju’s founder files FIR against former resolution professional, EY, Glas TrustByju Raveendran, founder of Byju's, has filed an FIR against ex-resolution professional Pankaj Srivastava, Glas Trust (Byju's US lenders), ...
- NCLT recalls insolvency order against Logix Infra, cites 'fraudulent and mala fide' intentionsNCLT has nullified its prior decision to initiate insolvency proceedings against Logix Infrastructure, identifying fraudulent and collusive...
- NCLT admits Aditya Birla Finance's insolvency plea against Siti Broadband ServicesIn 2020, Siti Broadband had availed of a loan of ₹5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments after a morat...
- Delhi HC permits Go First lessors to engage security personnel to protect aircraft engines, partsThe interim applications were filed by the lessors in the main petitions seeking deregistration of their planes by aviation regulator DGCA ...
- Balancing the scales: Empowering minority shareholders in India's insolvency landscapeEven though the I&B Code has upended insolvency resolution via CIRP, primarily focusing on stakeholder production, the minority shareholder...
- Dalmia Group submits revised debt resolution plan for Birla TyresA person familiar with the new plan told ET that group companies of Dalmia Bharat have offered to repay about ₹300 crore of the outstanding...
- DGCA directs Go First to submit revival plan in 30 daysAviation regulator DGCA on Thursday granted 30 days to cash-strapped airline Go First in order to submit a comprehensive plan for the reviv...
- Future Retail's digital database prior to insolvency not available for verification, says Compliance OfficerUnder the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, listed companies are required to...
- NCLT asks I-T dept to remit TDS back to the bankrupt precision fastenersThe liquidator of the company had approached the Mumbai bench of the National Company Law Tribunal (NCLT) to recover about 1 crore deducted...
- LegalPay closes interim finance transactionThe company expects to finance a dozen such deals over the next 10-12 months.
- NCLT passes order to liquidate dairy firm KwalityA two-member bench of the Delhi-based NCLT observed that despite extension in the insolvency timeline, the lenders of the Kwality failed to...
- NCLT orders liquidation for HDIL's subsidiary Guruashish ConstructionsOn September 4, the Mumbai-bench of the National Company Law Tribunal (NCLT) appointed Rajendra Bhuta, the company’s resolution professiona...
- Bad loans menace: Over three dozen CAs under Reserve Bank lensSources said the Reserve Bank of India (RBI) is looking into the role of around 35 to 40 chartered accountants in loan defaults by various ...
- Board brings in stricter norms for insolvency professionalsIBBI has explained the definition of ‘relationship’ citing different case.
- Insolvency professionals to disclose relationship with related partiesIt will be deemed as in-relation if an insolvency professional derives 5% or more of his gross revenues in a year from professional service...
- NCLT nod to initiate insolvency against Bhushan EnergyA two-member bench of NCLT has appointed Navneet Kumar Gupta as the interim resolution professional (IRP) to initiate insolvency proceeding...
- Jaypee home buyers get relief on claim forms: Here's how to file yoursNot only forms, even the documents that are to be submitted while making a claim are meant for companies and not home buyers.
- Bhushan Steel, BSPL case: NCLT nod for insolvency proceedingsNCLT has appointed Vijay Kumar V Iyer as an IRP for Bhushan Steel Ltd and Mahender Kumar Khandewal for Bhushan Steel & Power Ltd.
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