Wednesday, July 8, 2020
The National Company Law Tribunal (NCLT) on Monday admitted an insolvency plea filed by Bank of Baroda (BoB) under section 7 of the Insolvency and Bankruptcy Code (IBC) against Amrapali Infrastructure, a Amrapali group firm engaged in construction equipment...
'Individual insolvency norms soon' Among others, chairman of ICC expert committee on IBC Ashish Chhawchharia and Convenor of Finance and Taxation panel AK Sabat also spoke. Published: 16th September 2018 02:43 AM  |   Last Updated: 16th September 2018 04:58 AM  |  A+A A- By Express News Service BHUBANESWAR: The regulatory...
September 23, 2017: With reference to the petition filed by one of the operational creditor i.e. Neeraj Paper Agencies Limited against the Company under the Insolvency and Bankruptcy Code, 2016 before the Honble National Company Law Tribunal (NCLT), this is...
K.R. SRIVATST+ T- Injeti Srinivas, Secretary, Ministry of Corporate Affairs   -  The Hindu NEW DELHI, JUNE 11 Home buyers may be treated as ‘financial creditors’ under the insolvency code, but they will have to argue their own case as to whether they should...
Rediff.com  » Business » Why ignoring the Bankruptcy Code will be a BIG mistake The initiation of IBC proceedings in respect of a debtor has certain drastic consequences on both day-to-day running of the business of a debtor and on all creditors...
Managing Director of Amtek Auto Ltd., John Ernest Flintham, has resigned effective from Friday, as the autoparts maker awaits its lenders' decision about sending the company to the insolvency and bankruptcy court. The board of directors has approved resignation of...
How Birla's win in the battle for Binani reshapes India's bankruptcy focus The order will probably set a precedent for other companies in insolvency proceedings and may jeopardize the 270-day timeline laid down to resolve such cases Upmanyu Trivedi | Bloomberg Last...
Nickey Mirchandani @onlynickey 10 March 2018, 8:54 PM 10 March 2018, 6:03 PM Follow Us Kumar Mangalam Birla-led UltraTech Cement Ltd. has revised its bid for debt-ridden Binani Cement Ltd. higher after an investor group led by Dalmia Bharat Ltd....
A group of home buyers of bankruptcy-hit Jaypee Infratech has written to IRP Anuj Jain that the interests of thousands of people who booked flats in Jaypee Wishtown project in Noida should be protected while finalising any resolution plan. By:...
Move to ensure more bidders for Bhushan Power, Electrosteel Ishita Ayan Dutt  |  Kolkata  Last Updated at December 4, 2017 03:18 IST Seeking to ensure maximum participation in the bidding for stressed assets under the insolvency law, the creditors’ committees for...
  IANS New Delhi, March 12 (IANS) At a time when stressed projects and the bad loans of banks are in focus, state-run Power Finance Corp (PFC) has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against promoters...
198,200/2017 22.09.2017 Rajinder Kapoor Proprietor R.K. Kapoor & Co. Vs Anil Kumar Interim Resolution Professional & Ors. Insolvency Justice S.J. Mukhopadhaya, Chairperson Mr. Balvinder Singh, Member(Technical) Justice A.I.S. Cheema, Member (Judicial) 63/2017 20.09.2017 M/s. R.G. Shaw & Sons Pvt. Ltd. & Anr. Vs M/s. Naviplast Traders Pvt. Ltd. & Ors. Insolvency Justice S.J. Mukhopadhaya, Chairperson Mr. Balvinder...
Deal price not known; market pegged value of transaction when Mittal bought the shares at around $300 mn Ishita Ayan Dutt  |  Kolkata  Last Updated at February 14, 2018 01:26 IST Lakshmi Mittal ArcelorMittal Chairman L N Mittal has sold his 33...
The Sajjan Jindal company will replace Rewant Ruia's Aurora Enterprises in the Numetal consortium Prince Mathews Thomas @newlekhakh JSW Steel NSElive 03 Apr, 2018 15:59 303.05 6.50 (2.19%) Volume 5214588 Todays L/H 292.30304.55 More In a fresh twist to the Essar Steel auction, JSW Steel may join...
New Delhi, Mar 5 (PTI) The meeting between the debt-laden Essar Steels committee of creditors (CoC) and the Insolvency Resolution Professional (IRP) has been deferred to Wednesday, sources said. The IRP and the CoC could not decide on the eligibility...
A look at the three important themes that are developing in relation to IBC, and a look at the directions that the law may take on these fronts Last Published: Fri, Jan 26 2018. 08 34 AM IST Ashwin BishnoiRohit Ambast Cases...
Among the companies that filed for voluntary liquidation are — Wadia BSN India Ltd, HSBC Global Shared Services (India) Pvt Ltd, IL&FS Capital Advisors, Khel Gaon Estates Pvt Ltd and Ujjivan Social Services Foundation. Written by Sunny Verma | New...
Dispute over dues to be settled in 10 days, RCom tells SC After non-payment of dues since 2016, Ericsson moved the NCLT under the Insolvency and Bankruptcy Code against RCom and its two subsidiaries. Last Published: Thu, Oct 04 2018. 11 30...
New Delhi, Jan 29 Japanese imaging and electronics majors Indian subsidiary Ricoh India has filed for insolvency proceedings as it is unable to meet its liabilities. The company has filed an application under Section 10 of the IBC before the...