Creditors to about 7,000 companies are waiting for the National Company Law Tribunal (NCLT) to decide…
Tag: bankruptcy resolution
Swan Energy makes upfront payment of ₹50 crore for Reliance Naval
New Delhi: Swan Energy, the successful resolution applicant for insolvent Reliance Naval, on Tuesday said that…
SVB crash may indicate how to consolidate banks in India
I’ll start with my favorite quote: “Whatever has never happened before always does.” An example was…
Go First grounding is boon for rivals, bane for passengers
New Delhi: The suspension of GoFirst’s flight operations has inconvenienced thousands of passengers, but it has…
don’t distort
Do minority shareholders deserve a better deal than bankruptcy proposals in India? A discussion paper released…
Sudden change of heart may also be unconstitutional
A poster of All India Bank Employees Association (AIBEA) recently surfaced on social media. It provides…
IBBI lays down basic rules for payment to the administrators of insolvent firms
New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) has prescribed minimum compensation for professionals…
₹1 tn to the founders of sinking companies. was dragged to the tribunal for
New Delhi Shareholders and founders who give personal guarantees to their companies, additional comfort to lenders,…
Cabinet nod to Competition Amendment Bill
The Union Cabinet led by Prime Minister Narendra Modi on Wednesday approved a bill to amend…
Legal experts say Amazon facing uphill battle with Future Retail Insolvency
Mumbai : Amazon’s efforts to oppose Bank of India’s move to initiate corporate insolvency resolution proceedings…