Go First Gets 90-day Extension for Insolvency Resolution from NCLT
The National Company Law Tribunal (NCLT) has granted Go First Airlines a 90-day extension for its Corporate Insolvency Resolution Process (CIRP), effective from November 6,...
Tag : Insolvency and Bankruptcy Code (IBC)
NCLT Grants 90-Days Extension to Future Retail to Conclude Insolvency
NCLT has granted Future Retail Ltd (FRL) a 90-day extension to complete the company’s corporate insolvency resolution process (CIRP). Allowing FRL’s plea, the Mumbai judges...
Future Retail Receives Claims worth Rs 21,000 Crore from Financial Creditors
Future Retail, currently under the corporate insolvency resolution process, has received claims worth Rs 21,057 crore from 33 financial creditors. The recently released data by...
Govt to Table 24 Bills in Monsoon Session
The government will begin introducing 24 bills in the month-long monsoon session of Parliament on Monday, seeking to reform the Insolvency and Bankruptcy Code (IBC),...
Parliamentary Committee Recommends Rebuilding Insolvency System
A parliamentary committee has been appointed to review the Insolvency and Bankruptcy Code (IBC) has recommended rebuilding the present system, including a threshold rate of...
JSW Steel Gets LOI for Bhushan Power & Steel Acquisition
Bhushan Power & Steel is one of the 12 cases mandated by the Reserve Bank of India to be resolved under the Insolvency and Bankruptcy...
PNB Terms DHFL Exposure of Rs 3,688.6 Crore as Fraud
India’s second-largest public sector lender Punjab National Bank (PNB) declared its Rs 3,688.58 crore exposure to mortgage financier Dewan Housing Finance Ltd (DHFL) as a fraud. ‘A...
SEBI Plans More Steps to Avoid Karvy-Like Incidents
The Securities and Exchange Board of India (SEBI) would take further steps to avoid issues like the recent development involving Karvy Stock Broking, said a...
Jet Airways First Indian Company for Cross Border Insolvency
Jet Airways would be the first Indian Company which undergo for insolvency proceedings under the Cross Border Insolvency Protocol along with the Insolvency and Bankruptcy...
NBCC To Monetize Jaypee Infratech To Finish Its Left Projects
NBCC has made home buyers aware of that it would rely on monetizing the latter’s assets rather than investing their own funds to complete the...