Banks face higher provisions on resolution delays to big-ticket NCLT cases

In June 2017, the RBI had asked banks to refer 12 accounts with exposure of Rs 2.5 trillion to the NCLT under the Insolvency and Bankruptcy Code. from Google Alert – Insolvency https://ift.tt/2U5yMgh File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

IBBI issues Guidelines Appointment of Insolvency Professionals as Administrators under SEBI …

The Insolvency and Bankruptcy Board of India ( IBBI ) has issued guidelines to be followed while appointing Insolvency Professionals as … from Google Alert – Insolvency https://ift.tt/2FISwMz File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Government Dues Can Be Extinguished Under A Resolution Plan – Chennai NCLT

A Bench of the Chennai NCLT presided by Ch. Mohd Sharief Tariq, Member (Judicial) in the Judgement dated 11.03.19 in the Insolvency Petition of … from Google Alert – Insolvency https://ift.tt/2U57mr2 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Brief Analysis of the Major Amendments to Insolvency and Bankruptcy Code, 2016 (“Code”) in 2018

Introduction: The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “IBC”) undergoes to second amendment to ensure enforcement of … from Google Alert – Insolvency https://ift.tt/2CJsXdX File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Ship-building industry seeks quashing of RBI circular to survive (Part-III)

The industry further presented a study by the IGIDR and the Insolvency and Bankruptcy Boar which stated that there is a lack of resolution plans. from Google Alert – Insolvency https://ift.tt/2JS5JrU File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Ericsson seek withdrawn of insolvency proceeding; Rcom resists move: Media report

The move prompted NCLT to issue notices to both sides, asking them to present their legal position on whether insolvency proceedings should go on … from Google Alert – Insolvency https://ift.tt/2UdbwfL File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Sterling Biotech case: National Company Law Tribunal wraps the lenders

Mumbai: The National Company Law Tribunal (NCLT) in the Sterling Biotech case for the second time has questioned the motive of lenders, led by … from Google Alert – Insolvency https://ift.tt/2JQurc4 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Essar Steel CoC may vote against higher payments to StanChart

MUMBAI: The committee of creditors (CoC) in the Essar Steel insolvency case is likely to vote against higher payments to Standard Chartered, but may … from Google Alert – Insolvency https://ift.tt/2UgDWp3 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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