New Delhi, April 8 The National Company Law Appellate Tribunal on Wednesday rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India, challenging the distribution of funds to dissenting financial creditors SBI and Punjab National...
committee of creditors
corporate insolvency resolution process
financialcreditorsfinancial distress
india
insolvency proceedings
monitoring committee
national company law appellate tribunal
nclat
ocl iron and steel
resolution plan
section 30(2)(b)
section 30(4)
section 53(1)
state bank of india
In New Delhi, on April 1, the Parliament passed amendments to the insolvency law to expedite the resolution of struggling companies and reduce the backlog of cases. Finance Minister Nirmala Sitharaman emphasized that the goal is not to liquidate companies, but to help them operate with...
New Delhi, March 31 – Vedanta Ltd, owned by mining billionaire Anil Agarwal, has told the Supreme Court that its revised bid for the bankrupt Jaiprakash Associates Ltd was rejected, despite being better than Adani Group's offer.In its petition challenging the lenders' decision to accept...
adani group
asset acquisition
bankruptcy proceedings
cement industry
corporate debt restructuring
debt resolution
financial bid
financialcreditors
hospitality industry
india
insolvency and bankruptcy code (ibc)
jaiprakash associates ltd
nclat (national company law appellate tribunal)
nclt (national company law tribunal)
power industry
real estate industry
resolution plan
vedanta ltd
New Delhi, March 15 The government has challenged the order passed by the NCLT, in which it approved a Rs 900 crore resolution plan by Ashdan Properties for the debt-ridden Rolta India, before the appellate tribunal NCLAT.Challenging the approved resolution plan, the centre said that only Rs...
ashdan properties
corporate insolvency resolution process (cirp)
debt resolution
department of telecommunications (dot)
financialcreditors
government appeal
india
indian insolvency and bankruptcy code (ibc)
license fee
national company law appellate tribunal (nclat)
national company law tribunal (nclt)
operational creditor
resolution plan
rolta india
telecommunications
New Delhi, February 27 The Supreme Court on Friday said that the Insolvency and Bankruptcy Code (IBC), 2016, represents a conscious legislative choice to prioritize speed, certainty, and creditor-driven decision-making over "exhaustive" judicial scrutiny.The court said that experience shows...
bankruptcy law
commercial decision-making
committee of creditors (coc)
corporate debtors
corporate insolvency resolution process (cirp)
creditor-driven resolution
financialcreditors
ibc 2016
india
insolvency and bankruptcy code (ibc)
judicial review
legal compliance
national company law appellate tribunal (nclat)
resolution plan
supreme court
New Delhi, February 22 The National Company Law Appellate Tribunal (NCLAT) has directed the withdrawal of insolvency proceedings against realty firm Mahagun after it has reached an agreement with its financial creditor.A two-member bench of the National Company Law Appellate Tribunal (NCLAT)...