Wednesday, October 18, 2017

LATEST ARTICLES

NCLAT Judgements – Added to database – As on 17.10.17

Company Appeal (AT) No. Date Of Order Party Section Order passed by 91/2017 17.10.2017 Black Pearl Hotels Pvt. Ltd. Vs Planet M Retail Ltd. Insolvency Justice S.J. Mukhopadhaya, Chairperson Justice A.I.S. Cheema, Member (Judicial) Mr. Balvinder Singh,...

NCLT’s resolution professional calls for investors to revive Nagarjuna Oil

Since 2012, NOCL has been looking for a strategic investor to pump in fresh equity and revive its 6-MMTPA petroleum oil refinery project T E...

Changes suggested to Insolvency Code a ‘positive step’, but loopholes remain, say homebuyers

Oct 16, 2017 06:41 PM IST | Source: Moneycontrol.com The Housing Ministry's recommendation to the Ministry of Corporate Affairs that the IBC rules ought to...

Information utility under the IBC

explainer Industry Sanjay Vijayakumar Chennai , October 15, 2017 21:40 IST Updated:...

Innoventive Industries faces liquidation as lenders reject resolution plans

Both the resolution proposals for Innoventive Industries are said to have sought deep haircuts on the outstanding loan amount By Deborshi ChakiJayshree P. Upadhyay A file...

NCLAT dismisses Stayzilla co-founder Yogendra Vasupal’s appeal

Ranjani Ayyar | TNN | Oct 16, 2017, 13:50 IST The National Company Law Appellate Tribunal has dismissed the appeal filed by Stayzilla co-founder Yogendra...

The Curious Case of Homebuyers under the Insolvency and Bankruptcy Code, 2016

By Guest October 14, 2017 One of the crucial issues which has emerged and is widely talked about under the Insolvency and Bankruptcy Code,...

Govt might re-look insolvency and bankruptcy code to protect homebuyer’s interest

Making homebuyers “primary secured creditors” will mean placing them above other secured creditors such as banks when it comes to recovering money from failed...

JUDGEMENT – SEARCH

Click: JUDGEMENT – SEARCH Navigation steps: Search your keyword. The Judgements will show if the same has been OCRed. Or you will get link to...

Comparative analysis of Insolvency Laws – India and The United Kingdom

By Nimisha Gupta-October 13, 2017   In this article, Tejaswi does a comparative analysis of Insolvency Laws of India and The United Kingdom. A Chartered Accountant...

Board of SRS decides to apply to NCLT for insolvency

Capital Market  Last Updated at October 13, 2017 20:47 IST At meeting held on 13 October 2017 The Board of SRS at its meeting held on...

Insolvency rules amendment on stakeholder protection ‘cosmetic’, say homebuyers

The Insolvency and Bankruptcy Board of India (IBBI) has amended rules to mandate that any resolution plan for a company has to explicitly state...

Insolvency plea filed against DB Realty

— By Agencies | Oct 13, 2017 12:05 am DB Realty has defaulted on payment of dues over 306 mln rupees of principal amount and interest...

JP Associates seeks Supreme Court’s permission to sell Yamuna Expressway to raise Rs 2000...

The embattled Jaypee group today informed the Supreme Court that it wants to "hive off" the multi-crore Yamuna Expressway in order to generate money ByVandana...

Electrosteel Steels rallies 13% as six players submit expression of interest for acquisition

Electrosteel Steels has a debt of about Rs 11,000 crore that owed to a consortium of banks led by SBI. Moneycontrol News Electrosteel Steels share price...

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PSL Limited files for insolvency

PSL made losses of Rs 697 crore in 2016-17 The Ashok Punj-owned PSL Limited, the largest manufacturer of pipes in India, has filed for insolvency...

UltraTech Cement files insolvency case against Lavasa Corporation

Updated: Oct 09, 2017 | 12:46 IST | ET Now Digital Mumbai: Aditya Birla group company UltraTech Cement on Monday has filed an insolvency petition...

Insolvency and Bankruptcy Code: First information utility to be operational in...

These "unique" institutions governed by the Insolvency and Bankruptcy Code (IBC) would act as a repository of information about lending and borrowing activities done...

Handover of Jaypee flats begins, post-insolvency suit

Sidhartha | TNN | Aug 27, 2017, 07:06 IST All 25 flats offered are at Jaypee Aman in Noida NOIDA: The first possession letters in Jaypee...

Insolvency proceedings: NCLT reserves order in Era Infra case

Era Infra owes Union Bank of India Rs 681 crore in term loans and $11 million in external commercial borrowings. The company’s total debt...

Insolvency Code: Resolution Professionals Up Against Promoter Resistance And Creditor Mindset

 Payaswini Upadhyay @PayaswiniLLB October 7, 2017, 4:35 pm October 7, 2017, 4:15 pm In the 10 months since the Insolvency and Bankruptcy Code has been in...