The Ministry of Corporate Affairs revealed that the average time to voluntarily close a business decreased to 93 days last fiscal, down fro...

Profit skyrockets 1000% from Rs 40 crore in the same quarter last year. The massive jump in net profit is due to an exceptional item. Durin...

The net worth of MBPL, as on March 31, 2022 stood at Rs 3.18 crore, constituting 0.01 per cent of the consolidated net worth of the Mumbai-...

Under the framework, scenarios which may potentially prevent a clearing corporation from being able to provide its critical services and ma...

“This is a major move if really implemented well. A big relief for companies stuck with long timelines for voluntary winding up. If incorpo...

“Necessary amendments in the Code will be carried out to enhance the efficacy of the resolution process and facilitate cross border insolve...

The theme for reforms in insolvency code is that of glocalization. Adoption of cross-border insolvency framework based on UNCITRAL model la...

This comes following permission by the Kolkata bench of National Company Law Tribunal (NCLAT) in an order dated May 3 this year, the compan...

Petitions for winding up of companies are subject to various conditions, including thresholds on turnover and paid-up capital. Akila Agrawa...

Trustee-manager to plan new business satisfying Singapore Stock Exchange norms. Last month, the court questioned Fortis for using the Rs 4,...

Move after SC seeks inquiry into purchase of assets from trust by Fortis Healthcare using money from IHH. Last month, the court questioned ...

The Ministry of Corporate Affairs had set-up four working groups of experts and practitioners to facilitate implementation of the Insolvenc...

"Over the years, this has become a significant drain on limited resources of the government. The committee has made the recommendations of ...

State-run NTPC, NHPC and Power Finance Corporation (PFC) had joined hands with TCS in 2007 to launch the exchange which got a permission fr...

WinWinD, a wind turbine maker based in Finland, in which Sivasankaran holds controlling stake, has filed for bankruptcy . The company is le...

The total number of registered companies in the country has crossed 13 lakh mark, but 1.44 lakh of these firms are 'dormant' and have not f...

The government will soon come out with rules for winding up of limited liability partnership (LLP) firms which can be either voluntary or u...