Searched for
SIMULTANEOUS INSOLVENCY PROCEEDINGS
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- Double entryThe universe follows a cosmic accounting system. Every good deed earns credit, while every wrong action incurs a debit. These karmic balanc...
- 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...
- Canara Bank invites bids to sell ₹577-cr Supreme Hospitality loanCanara Bank is selling ₹577 crore debt of Supreme Housing and Hospitality. A Swiss challenge auction is planned. The bank has also filed a ...
- Bankruptcy court admits insolvency resolution plea against Helios Photo VoltaicThe National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Hel...
- 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. ...
- SC to look into consolidation of CIRP of two companies, to settle the lawThe lenders, led by SBI, for Regen Powertech Pvt Ltd (RPPL), have asked for the Supreme Court's guidance regarding the possibility of mergi...
- Lenders can recover dues from personal guarantors: Supreme CourtCreditors can initiate insolvency proceedings against such persons in the National Company Law Tribunal (NCLT), the court said Friday, upho...
- Ground seems ready for new options to resolve stressed assets: IBBI chiefIn place for more than four years, the Insolvency and Bankruptcy Code (IBC) is helping in resolution of stressed assets in a market-linked ...
- MCA challenges Anil Ambani’s stance on personal insolvency lawThe Ministry of Corporate Affairs has told the Delhi high court that the personal insolvency law is not unconstitutional and the government...
- Personal insolvency law: Delhi HC issues notices for writ petition filed by local businessmanThe litigation could potentially impact recovery of several billion dollars worth of loans given by banks to companies that were personally...
- Bankruptcy board set to tackle group insolvencyBringing entities on the basis of inter-connectedness or common assets into the group resolution framework may face challenges and lead ban...
- Rajya Sabha passes IBC amendment, restoring primacy of lenders in insolvency casesShe referred to the Essar Steel insolvency case where the lenders and operational creditors have been treated at par by the bankruptcy cour...
- SBI’s casual approach in giving loans to Uttam Steels criticisedA resolution plan was also submitted in October last year.
- NCLT rebukes SBI for "lackadaisical approach"Earlier in December last year, SBI filed an insolvency petition against Uttam Value Steels Ltd, a company engaged in manufacturing various ...
- SBI may challenge order against taking over guarantor’s assetsA senior executive with the bank said it is considering moving the apex court. “It is being deliberated, we will take a decision soon,” he ...
- 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...
- As Mumbai bench of NCLT rules in favour of Monnet IspatMonnet owed about Rs 2.5 crore to a foreign supplier, and an arbitration tribunal had ruled that the proceedings could continue simultaneou...
- Government weighs Jaypee assets sale to complete stuck housing projectsHundreds of home buyers had been left in lurch after the NCLT admitted bankers' plea for initiating insolvency proceedings against the real...
- NCLT to pronounce Essar Steel’s insolvency order on WednesdayAfter losing an intense legal battle at Gujarat High Court, Essar Steel is again back at NCLT, where SBI and SCB is fighting to ensure admi...
Load More
