Statutory dues of companies are operational debt: NCLAT

… Tax Department, Sales Tax Departments and Local Authority, entitled for dues are 'operational creditors' under the Insolvency & Bankruptcy Code. from Google Alert – Insolvency https://ift.tt/2UL6tjF File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Jet Airways Rescue Plan: Lenders to take control, Goyal asked to step down

He said resolution under the Insolvency and Bankruptcy Code (IBC) was the last option as it will lead to grounding of the airline. Jet is in a precarious … from Google Alert – Insolvency https://ift.tt/2Ya2AXv File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Lenders seek Jet management rejig | Jet Airways debt saga | Special Show

Talking about the possibility of Jet facing insolvency, Kumar said IBC is the last option for a service industry such as aviation. The multi-fold troubles at … from Google Alert – Insolvency https://ift.tt/2Th4NwI File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

IT department, other tax agencies can initiate insolvency: NCLAT

The Income Tax department of the central government, the sales tax department of the state government and other local authorities “who are entitled … from Google Alert – Insolvency https://ift.tt/2TOpOUt File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Resolution for Jet Airways is futile; send it for insolvency

Facts are stubborn; statistics are pliable. Mark Twain may as well have said this about Jet Airways and its current plight. In Jet Airways and its sharply … from Google Alert – Insolvency https://ift.tt/2W6HVlg File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

PMO, FinMin and SBI in a huddle as Jet Airways hits deep air pocket

"IBC (Insolvency and Bankruptcy Code), in the case of service industry is the last option. Under IBC the resolution of a service industry like airline is … from Google Alert – Insolvency https://ift.tt/2JpzxvN File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

India: IBC: Moratorium Is-À-Vis Invocation Of Bank Guarantee

The Insolvency and Bankruptcy Code, 2016 ("IBC") deals with reorganisation and insolvency resolution of corporate persons. When a corporate … from Google Alert – Insolvency https://ift.tt/2UL24NB File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Insolvency case against Bengaluru’s PropUrban for not paying salary

NEW DELHI: PropUrban Advisory Services, previously known as Bluering Realtech, is fighting an insolvency case in NCLT Bengaluru. The case has … from Google Alert – Insolvency https://ift.tt/2OdtGbP File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Jet Airways: Bring it under Insolvency and Bankruptcy Code (IBC)

I reiterate that IBC appears to be the best thing that can happen to Jet Airways under the present circumstances whereby adequate management and … from Google Alert – Insolvency https://ift.tt/2HweQMU File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Design a site like this with WordPress.com
Get started