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PRIORITY IN INSOLVENCY CASES
NCLT approved 107 resolution plans worth Rs 11,000 crore in Q2The National Company Law Tribunal has set a new benchmark by approving 107 Resolution Plans in the second quarter of FY 2026–27, a remarkab...- Shaktikanta Das, PM's Principal Secretary-2, says India within striking distance of 8% growthShaktikanta Das highlighted India's impressive 7.8% GDP growth in the first quarter of the financial year. He emphasized the role of strong...
- ED to fast-track 10 big PMLA cases in each regionThe Enforcement Directorate aims to expedite money-laundering trials within eight months. Zonal offices will identify key cases for acceler...
- Supreme Court dismisses Reliance Communications, lenders' petitions against bank guarantee invocationThe Supreme Court dismissed Reliance Communications lenders' challenge to the DoT's bank guarantee invocation. The court stated lenders sho...
- Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interferenceIn Maharashtra, over 36,000 private companies have been dissolved within the last five years, particularly affecting the business services ...
- Byju’s RP moves NCLT against Google in fresh data-access disputeResolution professional Shailendra Ajmera, who’s backed by EY, has filed an application under Section 60 (5) of the Insolvency and Bankrupt...
- Government operationalises amended insolvency law, sets 14-day admission deadline for NCLTOn May 26, significant updates to the insolvency law took effect, geared towards hastening the resolution of companies facing bankruptcy. T...
- IBC amendment seeks to end legal confusion and discretionary powerRecent Supreme Court judgments have prompted amendments to India's Insolvency and Bankruptcy Code (IBC). The proposed changes, now before a...
- SC rejects pleas seeking review of its judgment considering tax authorities as secured creditorsIndia's top court has rejected pleas which sought a review of its earlier judgment in which it said that statutory creditors like tax autho...
- Banks seek review of SC order tagging statutory creditors as 'Secured' onesIn its September 6 order, the top court ruled that any insolvency resolution plan, approved by the financial creditors by ignoring the stat...
- IBC: There's a need to bring necessary balance in the CoC’s compositionIn the overall IBC scheme of insolvency resolution, the CoC has a pivotal role. The robustness of the resolution plan hinges upon the integ...
- Nirmala Sitharaman proposes faster resolution of bankrupt companies“Necessary amendments in the Code will be carried out to enhance the efficacy of the resolution process and facilitate cross border insolve...
- For claims, stress fund to get priority over other creditorsThe government Wednesday announced the creation of the dedicated fund to provide last-mile financing of Rs 25,000 crore for completion of o...
- DoT forms panel to deal with insolvency issuesThe panel, to be chaired by Shiwa Shankar Singh (member, technology), has been formed at a time when two telcos – Aircel and Reliance Commu...
- IPs do forensic audits to track bidders’ agendaFear is that some of the bidders may be using old promoter’s money through round tripping.
- Individual insolvency norms a priority, says IBBI ChairmanIn one year of existence, the Insolvency and Bankruptcy Board of India has already put in place the infrastructure ecosystem and now has ov...
- NCLT priority for insolvency: RBI partially retracts statementOn June 13, RBI had said it has identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstandi...
- Already restructuring, stop insolvency actions: Essar Steel to Gujarat High CourtEssar Steel had moved the high court against insolvency proceedings initiated by the banks on the RBI direction.
- Essar Steel moves HC against insolvency proceedingsThe high court issued notice to the RBI and leader of the banking consortium SBI and posted the matter for Friday, sources said.
- Creditors' dues find precedence over tax recovery in insolvency billTax experts laud the bill for providing a legal framework for timely resolution of insolvency disputes, which would reduce the level of dis...
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