"insolvency"

HDFC Bank is considering an appeal against an NCLT order approving Subhash Chandra’s repayment plan, under which creditors will receive only Rs 6.5 crore against admitted claims exceeding Rs 22,000 crore. HDFC Bank’s Rs 680-crore claim has 3.2% admitted

The Supreme Court on Monday agreed to hear NBCC’s plea challenging NCLAT’s refusal to exempt it from RERA provisions while completing 16 stalled Supertech housing projects. The projects comprise nearly 50,000 homes across four states, with thousands of homebuyers awaiting possession

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

The number of resolutions of stressed assets under the insolvency law is likely to touch 300 this year, IBBI Chairperson Ravi Mital said

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