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The Supreme Court deferred for three months the hearing on refund claims of homebuyers of Supertech's demolished Noida twin towers, allowing time to explore settlement options. Buyers seeking refunds said the last payment was made in 2024, with insolvency proceedings continuing

The Supreme Court of India took suo motu cognisance of delays in NCLT resolution plan approvals, calling the situation “grim”. It flagged manpower shortages, warned IBC goals may fail, and directed urgent action as hundreds of cases remain pending nationwide

It is a myth to assume that valuations are precise, one can only be less wrong

The scorecard in terms of recovery/resolution value of many of the big accounts is quite underwhelming

Given the increasing pressure on businesses, it would be imperative to extend the NCLT moratorium until December 2021, the Assocham said in its representation to the Finance Ministry

Says it will restart operations in four to six months after receiving approval from the NCLT for its resolution plan

IBBI has moved to the electronic mode for most of its engagements with stakeholders and has recalibrated important regulations amid the pandemic

The Dhoot family -- erstwhile promoters of the group -- expects a final decision on the settlement offer by the end of this year, provided the lenders and the National Company Law Tribunal (NCLT) agree to it.