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 It superseded all other laws and deals […]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
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.