Govt approves projects, revival scheme worth Rs 31000-cr for power sector

Due to the company's financial difficulties, the project was not completed and the insolvency law was invoked; NHPC emerged the highest bidder, with … from Google Alert – Insolvency https://ift.tt/2VKz4FU File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

IBC: How Much Essar Steel’s Lenders Have Lost Since The Bankruptcy Filing

At the time Essar Steel Ltd. was admitted for insolvency resolution it had racked up financial debt of at least Rs 50,000 crore. Another Rs 5,000 crore in … from Google Alert – Insolvency https://ift.tt/2TzlDef File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

SC to decide petitions challenging RBI circular which asked lenders to implement a resolution plan …

Some petitions were filed challenging the Insolvency and Bankruptcy Code, some were filed against the RBI circular and some were praying for … from Google Alert – Insolvency https://ift.tt/2IVC00I 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 bench said the provision makes it necessary for all decisions of the CoC … from Google Alert – Insolvency https://ift.tt/2TGdjK4 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT allows 90 days extension in case of defaulting resolution applicant

The NCLAT passed an order directing the NCLT to pass appropriate orders with respect to the insolvency resolution process i.e. if further plans need … from Google Alert – Insolvency https://ift.tt/2TErwXy File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Credit Agricole-Backed Blockchain Startup in Insolvency Filing

A corporate insolvency notice for the company was filed in the London Gazette on Thursday, less than two months after it announced the appointment … from Google Alert – Insolvency https://ift.tt/2TzylcZ File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

IBBI signs Cooperation Agreement with International Finance Corporation to build the capacity of …

The Insolvency and Bankruptcy Board of India ( IBBI ) signed a Cooperation Agreement yesterday with the International Finance Corporation (IFC), … from Google Alert – Insolvency https://ift.tt/2VGHEFp File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

IBBI signs pact with International Finance Corporation to train professionals

The IBBI writes and enforces rules for processes — corporate insolvency resolution, corporate liquidation, individual insolvency resolution and … from Google Alert – Insolvency https://ift.tt/2XHJ5Ft File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

51% required for initiating forensic audit of corporate debtor: NCLT

Asset Reconstruction Co (India) Ltd (Arcil) had initiated insolvency against Viceroy in March, 2018. In December, 2018, the NCLT granted a 90-day … from Google Alert – Insolvency https://ift.tt/2SQ2lgi File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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