Creditors to about 7,000 companies are waiting for the National Company Law Tribunal (NCLT) to decide…
Tag: Insolvency and Bankruptcy Code
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…
Supreme Court ruling on personal guarantors set to force promoters to rush to settle bank dues
Image Source : PIXABAY The promoters are likely to soon start paying the huge dues of…
Acknowledge India’s economic successes too
The Indian economy has grown at an impressive rate in the post-COVID-19 years. In FY2023, it…
NCLAT admits IDBI Bank’s plea against Zee Entertainment
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday issued notice to Zee Entertainment…
‘Uniform norms needed to value bankrupt cos’ assets’
New Delhi: Uniform standards are needed to value assets of companies facing bankruptcy proceedings to ensure…
Nearly 96,000 companies have voluntarily wound up in the past five years
New Delhi: Over 96,000 companies have voluntarily wound up their operations in the past five years,…
Govt halts plan to adopt cross-border insolvency
New Delhi: Foreign lenders to Indian businesses may have to wait longer before initiating bankruptcy proceedings…
Introduction of Insolvency and Bankruptcy Code helped improve ‘Ease of Doing Business’ ranking: Justice Kaul
Justice Sanjay Kishan Kaul, Judge, Supreme Court of India. file | Photo credit: Shiv Kumar Pushpkar…