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INTERIM RESOLUTION PROFESSIONAL
Supertech insolvency: NCLAT raises concern over delay in appointing IRP, slippage on deadlineConcerns have been raised by the NCLAT regarding NBCC's significant delays in the construction of Supertech projects, while criticism mount...- Insolvency appeals are time-bound, no leeway beyond 45 days: NCLATThe NCLAT stressed insolvency proceedings are time-bound and appeals must be filed promptly. An appeal against a revival order was rejected...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- NCLAT seeks status report on delayed Supertech housing projects by NBCCThe NCLAT has ordered the Supertech committee to file a status report within two weeks. This report will detail construction commencement a...
- Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Subhash Chandra's insolvency planDissenting lenders have alleged that five entities linked to Subhash Chandra’s family controlled 61.78% of voting rights and helped approve...
- JSW Mahanadi Power settles dispute with Raigarh Champa Rail; NCLAT disposes of appealThe NCLAT disposed of an appeal between JSW Mahanadi Power and RCRIPL. Both companies reached an amicable settlement after a dispute over u...
- NCLAT rejects DoT's 469-crore claim appeal in Rolta insolvency; upholds resolution planThe NCLAT has officially dismissed the Department of Telecommunications' (DoT) appeal against Rolta India's resolution plan, stating it has...
- US is ready to help end the 'senseless war' in Ukraine but no quick deal ahead, Rubio saysSecretary Rubio expressed the Trump administration's commitment to ending the Ukraine war. He acknowledged that diplomacy requires sustaine...
- Supertech twin towers: SC defers hearing on plea seeking refund for homebuyersThe Supreme Court has deferred a plea for Supertech twin-towers homebuyers' refunds. A submission on the efforts to satisfy homebuyers not ...
- Gratuity, leave encashment not part of CIRP cost: NCLATThe NCLAT dismissed an appeal regarding priority payment of gratuity dues. It upheld an earlier NCLT order concerning Duncans Industries' f...
- NCLAT allows withdrawal of insolvency case against Oswal Overseas after settlement with creditorThe National Company Law Appellate Tribunal allowed Oswal Overseas' appeal withdrawal after a settlement. Oswal Overseas and LH Sugar Facto...
- IBBI seeks tighter regulations around personal guarantors, valuation of insolvent firmsPersonal guarantors of struggling companies may lose their interim moratorium protection, as the insolvency regulator proposes changes to p...
- IBBI issues new guidelines to streamline process of appointing IPs as resolution professionalsThe Insolvency and Bankruptcy Board of India (IBBI) issues new guidelines to streamline the appointment of insolvency professionals (IPs) a...
- Go First informs NCLT it is exploring settlement with DelhiveryGo First, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), is settling its dispute with logistics company Delh...
- Separate GST registrations confuse interim resolution professionalsIRPs appointed under the Insolvency and Bankruptcy Code (IBC) have approached the finance ministry, seeking clarity on several aspects rega...
- Suraksha Realty raises objections to lenders, IRP for not putting highest bid on voteOn Tuesday, Suraksha Realty wrote to both Interim resolution professional (IRP) and the Committee of Creditors (CoC) to express its displea...
- Abhay Narayan Manudhane appointed interim resolution professional for insolvency proceedings: HDILIn a regulatory filing, HDIL said the IRP has been appointed to carry the functions as mentioned under Insolvency and Bankruptcy Code (IBC).
- NBCC, Kotak among 4 shortlisted bidders for Jaypee Infratech; L&T Infra out of raceJaypee Infratech, a subsidiary of Jaypee Group's flagship firm Jaiprakash Associates, is developing about 32,000 flats, of which it has del...
- RBSA Advisors named interim resolution professional for Visa SteelThe State Bank of India, which is the lead bank, would initiate insolvency proceedings against Visa Steel.
- Jaypee Infra revival plan will take consumer interest into account: IRPHome buyers in their letter had also sought possession of their flats by December 2018 and compensation for the delay at 18% per year.
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