"insolvency-and-bankruptcy-code"

A Parliamentary panel has recommended dedicated insolvency benches or verticals within the NCLT to speed up IBC case disposal while ensuring equal attention to company law matters. It also called for additional members, benches and permanent staff to strengthen the tribunal

The Supreme Court referred to a larger bench key questions on whether insolvency moratorium provisions under the Insolvency and Bankruptcy Code can stay cheque bounce proceedings under the Negotiable Instruments Act, including cases involving company directors and compensation recovery during insolvency proceedings

In an unusual development, Justice Sharad Kumar Sharma, a judicial member of the National Company Law Appellate Tribunal (NCLAT), has recused himself from an insolvency case citing an alleged approach by “one of the most revered members of the higher judiciary” seeking a favourable order.

Jaypee Group’s flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016

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

Go First pleaded to the National Company Law Tribunal for an interim moratorium after facing an acute cash crunch

By Seela Subba Rao The government of India enacted the Insolvency and Bankruptcy Code (IBC) Act in 2016 to address the resolution of stressed assets. The most important requirement was a speedy recovery process. The IBC Act, 2016, consolidated, revised and re-established the insolvency-related laws under one umbrella. It superseded all other laws and deals […]

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

OYO CEO Agarwal on Wednesday had rubbished the reports that the company had filed for bankruptcy.

With Suspension Amendment ending on March 25 and the ‘one-shoe-fits-all’ law being back in business, many areas need clarity

Government has suspended the admission of new IBC cases in view of the pandemic the pandemic and the suspension is scheduled to end on March 24.

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

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.