June 05, 2022 12:01 am
Vallal RCK, a shareholder of the company, had challenged the NCLAT order upholding the NCLT’s order to liquidate SIHL, despite the committee of creditors (CoC) accepting the settlement plan with a voting majority of 94.23%.
April 25, 2022 5:30 am
This is because once a company is taken to the IBC route, equity shareholders has the last claim over any assets of a company after dues to the government, financial institutions, banks and other creditors and bondholders are paid off.
March 26, 2022 2:15 am
On January 31, 2021, Union Bank of India moved the NCLT claiming Supertech defaulted on payment of Rs 431.92 crore
February 14, 2022 12:08 am
Account has been declared a fraud involving Rs 22,842 crore; first complaint with CBI filed in November 2019, second in December 2020, says bank
December 25, 2021 4:42 am
🔴 Lavasa Hill City project was planned by Hindustan Construction Company (HCC) in 2000. It was admitted for insolvency by the National Company Law Tribunal in August 2018.
October 10, 2021 1:18 am
A two-member bench of the NCLT also appointed Rajneesh Sharma the administrator to run the companies, while admitting two separate petitions filed by RBI for initiation of corporate insolvency resolution process (CIRP) against the two companies.
September 09, 2021 2:52 pm
Amazon dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC) in October last year, arguing that FRL had violated their contract by entering into the deal with rival Reliance.
August 13, 2021 1:38 am
The resolution plan was earlier cleared by the committee of creditors (CoC) led by IDBI Bank.
July 27, 2021 7:09 am
The IBC is positioned as a framework for timely resolution of the debt of insolvent companies, rather than a mechanism for recovery. But there are pitfalls to achieving either of these targets.
June 22, 2021 5:12 pm
Jet Airways has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.