liquidation

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    NCLAT Upholds NCLT's Power to Freeze Demat Accounts in Insolvencies

    New Delhi, March 29 The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by BSE, in which the leading bourse challenged the power of the NCLT to unfreeze the Demat accounts of businesses undergoing insolvency resolution and liquidation.A two-member NCLAT bench...
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    IBC Debate: Opposition Criticizes Delays, BJP Defends Reform

    New Delhi, March 25 Members of the opposition in the Lok Sabha criticized the Insolvency and Bankruptcy Code (IBC) on Wednesday, arguing that it has failed to deliver timely resolutions due to the limited capacity of the tribunals, which are overburdened with cases. The BJP defended the 2016 law...
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    Bankruptcy Code's Impact: Concerns Over Resolution and Recovery

    New Delhi, March 25 The Insolvency and Bankruptcy Code has failed to achieve its intended purpose, as tribunals with limited capacity have been unable to ensure timely resolution of matters, opposition members said in the Lok Sabha on Wednesday.Participating in the debate on the Insolvency and...
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    Yasha Mudgal Oversees J&KSCARD Bank Liquidation

    JAMMU, MARCH 18: Commissioner Secretary, Cooperatives, Yasha Mudgal, chaired a meeting at the Civil Secretariat to review the operational status and liquidation roadmap of the Jammu & Kashmir State Cooperative Agriculture and Rural Development Bank (J&KSCARD Bank).Officials, including...
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    Job Losses and Industrial Restructuring in West Bengal’s Hub

    Asansol, March 13 – Asansol-Durgapur, in West Bengal’s Paschim Bardhaman district, once one of eastern India’s most important heavy industrial belts with steel and engineering works, built on the Raniganj coalfield, has seen large-scale industrial decline, mine closures, and restructuring since...
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    Mahindra Exits Japanese Agricultural Machinery Business

    New Delhi, March 2 Mahindra & Mahindra said on Monday that it has decided to exit its Japanese agricultural machinery business as part of a portfolio rationalization following a strategic review.The board of Mitsubishi Mahindra Agricultural Machinery Co Ltd (MAM), which operates in Japan, has...
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    Liquidation Continues: Jet Airways Offloads Aircraft Parts

    New Delhi, February 11 Grounded Jet Airways has finalized an agreement to sell three aircraft frames and six engines to a Malta-based entity for USD 46 million.Jet Airways operated for 25 years before ceasing operations in April 2019 due to financial difficulties and is currently undergoing a...
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