Can seize Sterling Biotech’s OTS amount, Enforcement Directorate to banks

If accepted, the OTS plan — under Section 12A of the Insolvency and Bankruptcy Code, 2016 — could entail a loss of around two-thirds to the … from Google Alert – Insolvency https://ift.tt/2Fveh2p File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT reserves order in Sterling Biotech over settlement issue

Attempt to withdraw the insolvency proceedings against Sterling Biotech by committee of creditors did not materialize and the National Company Law … from Google Alert – Insolvency https://ift.tt/2FCRkvm File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

How can absconding promoters make one-time-settlement offers, NCLT asks Sterling Biotech …

The lawyers representing the lenders had on March 11 had informed the tribunal that they wanted to withdraw the insolvency process as the … from Google Alert – Insolvency https://ift.tt/2FyuO5G File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLAT stays DoT show-cause notice to RCom; next hearing on April 8

In its pleading, RCom has urged the court that the insolvency petition against it should now be allowed to restart since it had purged the top court's … from Google Alert – Insolvency https://ift.tt/2FvdZsl File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT asks RP of Jyoti Structures to submit revised resolution plan

… and had asked for liquidation of the company because the 270 day period assigned for corporate insolvency resolution process (CIRP) had expired. from Google Alert – Insolvency https://ift.tt/2FClQFW File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Majority of Corporate Insolvency Cases Settled, Next Move is to Resolve Personal Insolvency: Injeti …

Injeti Srinivas, Secretary, Ministry of Corporate Affairs on Monday said the majority of corporate insolvency, which has led to a burgeoning of NPAs, … from Google Alert – Insolvency https://ift.tt/2FEw7kT File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Pension, Gratuity, PF Dues Not Included in Liquidation of Assets: NCLT

… and cannot be included in the assets to be liquidated for settling claims of creditors as per Section 53 of the Insolvency and Bankruptcy Code (IBC). from Google Alert – Insolvency https://ift.tt/2FuFh25 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Ericsson moves Supreme Court to end insolvency case against Reliance Communications

Ericsson filed an application in the Supreme Court on Monday, requesting to end insolvency proceedings it started against Anil Ambani-led Reliance … from Google Alert – Insolvency https://ift.tt/2FBqlQT File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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