insolvency,

NCLT initiates insolvency proceedings against Ahluwalia Contracts

NCLT initiates insolvency proceedings against Ahluwalia Contracts

The New Delhi-based NCLT bench allowed the insolvency plea filed by A2 Interiors Products Pvt Ltd against Ahluwalia Contracts, claiming d...Read More

NCLAT orders stay on formation of CoC in insolvency proceedings against subsidiary: OYO

NCLAT orders stay on formation of CoC in insolvency proceedings against subsidiary: OYO

Hospitality firm OYO on Thursday said the National Company Law Appellate Tribunal (NCLAT) has ordered a stay on the formation of committ...Read More

NCLT admits insolvency plea against Oyo for unpaid Rs 16 lakh to supplier; company goes to NCLAT

NCLT admits insolvency plea against Oyo for unpaid Rs 16 lakh to supplier; company goes to NCLAT

The National Company Law Tribunal (NCLT) has admitted a petition for initiating insolvency proceedings against Oyo Hotels for recovery of...Read More

Bhopal: National Law Institute University first varsity to offer Grad Insolvency Prog

Bhopal: National Law Institute University first varsity to offer Grad Insolvency Prog

Graduate Insolvency Programme is the first of its kind for those aspiring to take up insolvency profession as a career.

NCLT can decide disputes related to insolvency of corporate debtor, says Supreme Court

NCLT can decide disputes related to insolvency of corporate debtor, says Supreme Court

The Supreme Court on Monday held that National Company Law Tribunal (NCLT) has jurisdiction to decide disputes in connection with the ins...Read More

Power PPAs cannot be terminated during insolvency process

Power PPAs cannot be terminated during insolvency process

In a breather for bankrupt power generation companies, an insolvency tribunal has ruled that going concern status of such companies have ...Read More

Videocon insolvency case: Dhoot family offers to pay Rs 30,000 cr to lenders

Videocon insolvency case: Dhoot family offers to pay Rs 30,000 cr to lenders

A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot told...Read More

Parliament clears IBC amendments to protect stressed companies amid COVID-19

Parliament clears IBC amendments to protect stressed companies amid COVID-19

Parliament on Monday approved the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 to protect COVID-19-stressed companies fro...Read More

No fresh insolvency proceeding will be allowed for up to one year: Nirmala Sitharaman

No fresh insolvency proceeding will be allowed for up to one year: Nirmala Sitharaman

At the last press briefing on the Rs 20 lakh crore package, Finance Minister Nirmala Sitharaman stated that no fresh insolvency proceedin...Read More

Insolvency against Raheja Developers halted

Insolvency against Raheja Developers halted

The developer had moved the appellate tribunal after the National Company Law Tribunal (NCLT) held the company to be in default of its ob...Read More

ROC cannot strike off company when insolvency process is pending: NCLT

ROC cannot strike off company when insolvency process is pending: NCLT

The bench said so while deciding the appeal moved by the liquidator of a company against its name being struck off the register of compan...Read More

Kwality insolvency: NCLT gives 90 days more time to complete CIRP

Kwality insolvency: NCLT gives 90 days more time to complete CIRP

Debt-ridden dairy firm Kwality on Thursday said the NCLT has given 90 days extension till September 7 to the company for completion of th...Read More

After govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

After govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

New Delhi: After getting government approval for its revised offer to acquire troubled realty firm Jaypee Infratech, state-owned NBCC on ...Read More

RCom withdraws plea against NCLT order on bankruptcy proceedings

RCom withdraws plea against NCLT order on bankruptcy proceedings

New Delhi: Debt-ridden Reliance Communications (RCom) on Tuesday withdrew its petition challenging an NCLT order that allowed insolvency ...Read More

NBCC wants its bid to be considered on merit in JIL insolvency

NBCC wants its bid to be considered on merit in JIL insolvency

New Delhi: As its bid to acquire debt-ridden Jaypee Infratech got rejected by the lenders’ panel, state-owned NBCC has written to the int...Read More

Will soon decide on Reliance Communications insolvency petition: NCLAT

Will soon decide on Reliance Communications insolvency petition: NCLAT

New Delhi: The National Company Law Appellate Tribunal on Monday said it would decide on the insolvency of debt-ridden Reliance Communica...Read More

‘Effective steps’ on anvil to deal with frivolous bids under IBC: Official

‘Effective steps’ on anvil to deal with frivolous bids under IBC: Official

New Delhi: The government will soon come out with “effective steps” to deal with instances where entities back out after making frivolous...Read More

Essar Steel: Rs 54.3K cr offer by its shareholders superior to Rs 42k cr proposal of ArcelorMittal

Essar Steel: Rs 54.3K cr offer by its shareholders superior to Rs 42k cr proposal of ArcelorMittal

New Delhi: Essar Steel on Wednesday said the Rs 54,389-crore offer by its shareholders to pay all dues of financial and operational credi...Read More

NCLAT asks NCLT Ahmedabad to decide on Essar Steel’s insolvency case by Jan 31st

NCLAT asks NCLT Ahmedabad to decide on Essar Steel’s insolvency case by Jan 31st

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed the Ahmedabad bench of NCLT to pass an order on the ...Read More

Option of marrying IBC with settlement schemes can be looked at in future: FM

Option of marrying IBC with settlement schemes can be looked at in future: FM

New Delhi: To deal with the resolution of debt-laden companies, the option of “marrying” insolvency framework with possible settlement sc...Read More

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