NCLAT allows withdrawal of Liberty House bid for ARGL

Under the Insolvency and Bankruptcy Code, a resolution process has to be completed under 180 days with a further extension of 90 days to 270 days. from Google Alert – Insolvency https://ift.tt/2TExSX5 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Verdict in Rs 54000 crore Essar Steel IBC case likely today; here’s what to watch for

National Company Law Tribunal (NCLT) Ahmedabad is expected to pass its order on Friday in the high-profile insolvency and bankruptcy code (IBC) … from Google Alert – Insolvency https://ift.tt/2SQw3BR File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Exclusive: It may be JSW Steel vs ArcelorMittal for Asian Colour Coated Ispat

Sajjan Jindal's JSW Steel may square up with LN Mittal's ArcelorMittal in the race for Asian Colour Coated Ispat, which was referred to the insolvency … from Google Alert – Insolvency https://ift.tt/2CbjL1p File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLAT allows withdrawal of Liberty House bid for ARGL

A two-member bench, headed by Justice S J Mukhopadhaya, also pulled Liberty House for not pursuing the corporate insolvency resolution process … from Google Alert – Insolvency https://ift.tt/2Uq7zBd File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT to pass order on Essar Steel insolvency case later today; ArcelorMittal favourite, all eyes on …

Purpose of the hearing: 'Pronouncement order'. Essar Steel is the biggest, and probably the most debated, insolvency case from the Reserve Bank of … from Google Alert – Insolvency https://ift.tt/2NM40mn File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

A new ruling on forensic audits just gave banks more power to corner stubborn borrowers

The Hyderabad bench of the National Company Law Tribunal (NCLT), a special body set up under the Companies Act in 2013 to oversee insolvency … from Google Alert – Insolvency https://ift.tt/2VPlEIN File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Tribunal stays order allowing ED to attach assets of Choksi’s Gitanjali Gems

Gitanjali Gems was admitted for insolvency proceedings on October 8 last year after the National Company Law Tribunal (NCLT) allowed ICICI Bank's … from Google Alert – Insolvency https://ift.tt/2H5nuBZ File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

51% vote enough for forensic audit of corporate debtor: NCLT

Citing Section 21(8) of the Insolvency and Bankruptcy Code (IBC), the NCLT … In several insolvency cases with the bankruptcy court, creditors are … from Google Alert – Insolvency https://ift.tt/2NPakJy File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

IBBI signs pact with International Finance Corporation to train professionals

New Delhi [India], Mar 7 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has signed a cooperation agreement with the International … from Google Alert – Insolvency https://ift.tt/2H6JFaK File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Maximising value of assets! JIL CoC to form core group to work with NBCC, Suraksha

Legal advisor to the RP said CIRP cost needs to be as per the Insolvency and Bankruptcy Code (IBC) regulations, and if it is to be part of CIRP cost … from Google Alert – Insolvency https://ift.tt/2HbPlk3 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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