Mumbai, March 19 The Bombay High Court has criticized the misuse of provisions of the Insolvency and Bankruptcy Code (IBC) by loan defaulters and guarantors to "gain immunity" by imposing a moratorium, and said this practice has the potential to negatively impact the country's economy.A bench...
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insolvency and bankruptcy code
loan defaulters
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securitisation and reconstruction of financial assets act
south mumbai
union bank of india
Mumbai, March 4 The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Marvel Group promoter Vishwajeet Jhawar.The NCLT Mumbai order, pronounced on January 30 by Justices Prabhat Kumar and Sushil Mahadeorao Kochey, was passed on a petition filed...
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bankruptcy
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insolvency proceedings
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marvel group
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vishwajeet jhawar