Corporate Insolvency Resolution Process
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Future Retail Granted 90 Days Extension For Concluding Insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company.
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Future Retail Insolvency: Expression Of Interest Invited From Prospective Buyers By Oct 20
The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP).
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Reliance Capital Lenders Finalise Resolution Plan
Lenders of debt-ridden Reliance Capital Ltd have decided upon the Request for Resolution Plan document
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Government Says 43 Corporate Debtors' Cases Resolved Under Bankruptcy Code
Government has said 43 large corporate debtors, each having total admitted claims of Rs 2,500 crore were resolved under IBC till December 31, 2021
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Government Seeks Views On Proposed Changes In Insolvency Law
Government has invited comments on various amendments proposed to the insolvency law, like time period for approval of resolution plans
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RBI Files Application For Initiating Insolvency Proceedings Against Reliance Capital
RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process against debt-ridden Reliance Capital
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Only 394 Insolvency Cases Resolved Under Bankruptcy Law In Five Years
Five years since the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016 began, it has resolved only 394 cases.
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Essar Steel Announces Cancellation Of Shareholder Holdings
In an e-mail statement to investors, Essar Steel India Company Secretary Pankaj S. Chourasia said that in connection with the corporate insolvency resolution process of Essar Steel India, the resolution plan submitted by ArcelorMittal India has been approved by the Supreme Court through its judgment of November 15, 2019, after considering the judgm...
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Cabinet Approves Ordinance For Amendment To IBC
"Under the amendments, the liability of a corporate debtor for an offence committed prior to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the adjudicating authority," an official statement said.
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Cabinet Clears Ordinance To Further Amend Insolvency Law
The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies concerned.
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10 Things To Know About Latest Amendments To Insolvency And Bankruptcy Code (IBC)
The Union cabinet, chaired by Prime Minister Narendra Modi, on Wednesday cleared amendments to the Insolvency and Bankruptcy Code (IBC) to ease the insolvency resolution process and promote ease of doing business. Aimed at streamlining of the insolvency resolution process, the IBC Amendment Bill seeks to protect last-mile funding and boost investme...
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Anil Ambani, 4 Others Resign From Bankrupt Reliance Communications
Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.
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Government Notifies New Insolvency Rules For Resolution Of Financial Service Providers
The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules). The latest move comes against the backdrop of financial stress faced by certain entities that are into financial services.
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Complete Insolvency Resolution Process Within 90 Days: Top Court To Jaypee Infratech
On July 30 this year, the National Company Law Appellate Tribunal (NCLAT) had allowed fresh bidding for the cash-strapped JIL but had barred its promoter Jaypee Group from participating in the auction.
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Buyers Await Aviation Regulator's Scrutiny Of Jet Airways' Flying License: Report
Recently, London-based AdiGroup partnered with Jet Airways Employee Consortium partnered to bid for 75 per cent stake of Jet under the insolvency resolution process
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Future Retail Granted 90 Days Extension For Concluding Insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company.
-
Future Retail Insolvency: Expression Of Interest Invited From Prospective Buyers By Oct 20
The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP).
-
Reliance Capital Lenders Finalise Resolution Plan
Lenders of debt-ridden Reliance Capital Ltd have decided upon the Request for Resolution Plan document
-
Government Says 43 Corporate Debtors' Cases Resolved Under Bankruptcy Code
Government has said 43 large corporate debtors, each having total admitted claims of Rs 2,500 crore were resolved under IBC till December 31, 2021
-
Government Seeks Views On Proposed Changes In Insolvency Law
Government has invited comments on various amendments proposed to the insolvency law, like time period for approval of resolution plans
-
RBI Files Application For Initiating Insolvency Proceedings Against Reliance Capital
RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process against debt-ridden Reliance Capital
-
Only 394 Insolvency Cases Resolved Under Bankruptcy Law In Five Years
Five years since the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016 began, it has resolved only 394 cases.
-
Essar Steel Announces Cancellation Of Shareholder Holdings
In an e-mail statement to investors, Essar Steel India Company Secretary Pankaj S. Chourasia said that in connection with the corporate insolvency resolution process of Essar Steel India, the resolution plan submitted by ArcelorMittal India has been approved by the Supreme Court through its judgment of November 15, 2019, after considering the judgm...
-
Cabinet Approves Ordinance For Amendment To IBC
"Under the amendments, the liability of a corporate debtor for an offence committed prior to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the adjudicating authority," an official statement said.
-
Cabinet Clears Ordinance To Further Amend Insolvency Law
The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies concerned.
-
10 Things To Know About Latest Amendments To Insolvency And Bankruptcy Code (IBC)
The Union cabinet, chaired by Prime Minister Narendra Modi, on Wednesday cleared amendments to the Insolvency and Bankruptcy Code (IBC) to ease the insolvency resolution process and promote ease of doing business. Aimed at streamlining of the insolvency resolution process, the IBC Amendment Bill seeks to protect last-mile funding and boost investme...
-
Anil Ambani, 4 Others Resign From Bankrupt Reliance Communications
Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.
-
Government Notifies New Insolvency Rules For Resolution Of Financial Service Providers
The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules). The latest move comes against the backdrop of financial stress faced by certain entities that are into financial services.
-
Complete Insolvency Resolution Process Within 90 Days: Top Court To Jaypee Infratech
On July 30 this year, the National Company Law Appellate Tribunal (NCLAT) had allowed fresh bidding for the cash-strapped JIL but had barred its promoter Jaypee Group from participating in the auction.
-
Buyers Await Aviation Regulator's Scrutiny Of Jet Airways' Flying License: Report
Recently, London-based AdiGroup partnered with Jet Airways Employee Consortium partnered to bid for 75 per cent stake of Jet under the insolvency resolution process
