Insolvency and Bankruptcy Blog

Jaypee Infratech, with debt of close to Rs 10,000 crore, had been referred for insolvency action in August 2018 and the lenders had earlier rejected the … from Google Alert – Insolvency http://bit.ly/2NbOvUk File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v

In the last two years Insolvency and Bankruptcy Code (IBC) was implemented, three concluded corporate insolvency resolution process (CIRPs) being … from Google Alert – Insolvency http://bit.ly/2NbCyOA File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v

“We confirm that we have filed an insolvency application in NCLT against Monarch Brookefields LLP, an entity of the Monarch Developers group,” said … from Google Alert – Insolvency http://bit.ly/2UZsf2O File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v

This is the second attempt by the IRP and lenders to complete insolvency process. In the first round, the Rs 7,350 crore bid of Lakshdeep, part of … from Google Alert – Insolvency http://bit.ly/2tqgab7 File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v

There is a need to strengthen the insolvency resolution process by having deterrents against failure or delays in implementing resolutions plans, … from Google Alert – Insolvency http://bit.ly/2TVQu1x File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v

With the Insolvency and Bankruptcy Code, three concluded corporate insolvency resolution processes have been brought back to the NCLT. from Google Alert – Insolvency http://bit.ly/2TWaFN8 File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v

There is a need to strengthen insolvency resolution process by having deterrents against failure or delays in implementing resolutions plans, a report … from Google Alert – Insolvency http://bit.ly/2GPuD8q File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v

However, the appointment of RP was deferred to the Insolvency and Bankruptcy Board of India. The RP was appointed only 62 days after the … from Google Alert – Insolvency http://bit.ly/2tqSTpr File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v

A claim submitted by a creditor during the insolvency resolution process can be disputed, undisputed, matured or unmatured; An uninvoked guarantee … from Google Alert – Insolvency http://bit.ly/2GJRP89 File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v

This refers to “Amendment of IBC on cards to ensure NCLT is obeyed” (February 14 ). This is a welcome move by the government. The recent … from Google Alert – Insolvency http://bit.ly/2SWBEL1 File your insolvency claims/Submit your resolution plans at http://bit.ly/2MsIH8v