On 19 November, judicial member Mahendra Khandelwal of the Delhi bench of the NCLT (National Company…
Tag: Insolvency and Bankruptcy Code
Jet Airways liquidation: A wake-up call for India’s insolvency code
Jet Airways’s liquidation comes even after a consortium successfully bid to revive the airline, as a…
NCLAT halts insolvency proceedings against Essar’s oil & gas subsidiary | Mint
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the insolvency proceedings against Essar Oil…
Bankruptcy court approves 22 business rescues in August; 34 so far in second quarter | Mint
New Delhi: The National Company Law Tribunal approved the debt resolution plans of 22 businesses in…
NCLT admits Essel Group company Primat Infrapower into insolvency | Mint
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Axis Finance’s plea…
‘Greater transparency needed in insolvency proceedings to raise recovery rates’ | Mint
New Delhi: The corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC)…
Kapil Wadhawan moves NCLAT against Union Bank’s insolvency plea over ₹3,958-crore default | Mint
New Delhi: Kapil Wadhawan, the former promoter of Dewan Housing Finance Corporation Ltd (DHFL), has moved…
Go First gets lifeline as NCLT extends moratorium, again
NEW DELHI : In an attempt to revive bankrupt airline Go First, the National Company Law…
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…
Lessors seek contempt notice against Go First’s RP for maintenance failures
Several lessors of the bankrupt airline Go First informed the Delhi high court on Friday that…