New Delhi: The National Company Law Tribunal approved the debt resolution plans of 22 businesses in…
Tag: IBBI
Soon, more colleges will offer post-graduate courses in bankruptcy resolution | Mint
New Delhi: With India witnessing a shortage of qualified professionals who can rescue financially distressed companies,…
Bankruptcy rescues keep up faster pace in June quarter | Mint
India’s bankruptcy court approved the debt resolution plans of 57 companies in the June quarter, crossing…
Lenders seek to claw back over ₹31,000 cr from bankrupt firms’ dodgy deals
NEW DELHI : New Delhi: The administrators of insolvent companies have approached tribunals to reverse questionable…
Personal guarantors in the crosshairs as lenders step up heat to recover dues
NEW DELHI : Personal guarantors who are also major shareholders in defaulting companies are facing increased…
Bankruptcy rescues have soared this year. Here is why
By the end of February, various tribunal benches had approved 250 resolution plans, compared to 185…
The road to enter bankruptcy court is now 7,000 companies long
Creditors to about 7,000 companies are waiting for the National Company Law Tribunal (NCLT) to decide…
For conglomerates going into bankruptcy, a clearer path is emerging
Clarity is on the cards for conglomerates heading for bankruptcy, with the government working on a…
Competition, new rules crimp resolution professionals’ fees
NEW DELHI : Average fees charged by resolution professionals (RPs) and other consultants involved in insolvency…
Operational creditors begin to take backseat
NEW DELHI : Operational creditors, who have previously aggressively initiated bankruptcy proceedings against clients for payment…