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PERSONAL INSOLVENCY APPLICATION
Lenskart block deal; Meesho's kirana pushLenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.- 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...
- RMG cos reel from GST ruling; new-age firms’ costly rideHappy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...
- 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...
- NARCL retains guarantees of Jaypee ex-promoters to boost recovery of duesNARCL has already filed applications linked to both the corporate guarantee of Jaiprakash Power Ventures and personal guarantees of chairma...
- 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 ...
- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- Selection process of bidder for JAL was fair, transparent & not tailor made: Lenders to NCLATLenders defended their decision to select Adani Enterprises as the successful bidder for Jaiprakash Associates, telling the NCLAT that the ...
- 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...
- NCLAT dismisses Dhoot brothers’ plea in ₹5,354 crore SBI insolvency caseThe National Company Law Appellate Tribunal has dismissed appeals by Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot. They challenged pers...
- 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...
- NCLT admits Indiabulls Housing Finance insolvency plea against Subhash ChandraThe bankruptcy court has admitted Indiabulls Housing Finance Ltd's (IHFL) application to initiate insolvency resolution proceedings against...
- NCLT admits insolvency plea against Ansal Props' promoterAfter the NCLT accepts a personal insolvency application against an individual, the assets of that individual are as good as frozen as no s...
- High Court ruling plugs personal insolvency loopholeThe ruling clarifies that the interim moratorium begins when the application is duly numbered by the tribunal, the Kerala High Court said. ...
- NCLT admits personal insolvency application against Kishore BiyaniThe admission of the application by the National Company Law Tribunal (NCLT) ensures moratorium on transactions of personal assets of the g...
- Struggling with debt? Here is how individual insolvency works in IndiaThe pandemic has made several people prone to debt traps with revolving credit card bills and easy personal loans taken from fintech compan...
- 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...
- IBBI bars insolvency professionals from outsourcing their responsibilitiesInsolvency professionals, who have the most crucial role in helping recover Rs 10L-cr worth of bad loans, will now be barred from outsourci...
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