Bankruptcy Code 2.0 to be rolled out soon: ICAI
IBC 2.0 may include a full-fledged individual insolvency framework, pre-packaged insolvency for bigger corporates, group insolvency framework and use of tech in IBC.
bankruptcy
June 2023
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February 2023
May 2022
November 2021
October 2021
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February 2021
January 2021
NCLT admits Go First insolvency plea, moratorium kicks in
Go First had filed for insolvency with Delhi bench of NCLT citing operational losses caused due to ever-increasing failure of Pratt & Whitney engines that power its fleet.
Bankruptcy resolution process begins at McLeod Russel
McLeod will be the third business that Williamson Magor Group loses after Eveready Industries and McNally Bharat Engineering.
Investors may lose crypto if company goes bankrupt: Coinbase
Unlike the stock market where stocks are held in a demat with a depository and have no broker risk, crypto with exchanges carry a risk, cautions Nithin Kamath
RBI supersedes board of Anil Ambani's Reliance Capital
Central bank to approach NCLT for start of resolution process
The feats & failures of IBC: Why it must change
With a debt recovery of 20% and liquidation of 29.7% cases, five years on, the Insolvency & Bankruptcy Code is hurting banks, businesses and the economy.
Why ex-promoters are stuck on their bankrupt firms
Ever since India’s bankruptcy law came into being, several businessmen have sprung up with ‘eye-popping’ offers for their fallen stars at the risk of delaying the insolvency process.
Hope fades for flat-owners of scam-hit HDIL
The proposal to sell residential properties through a piecemeal resolution process falls flat as some big creditors oppose it for the fear of overall failure.
Reprieve for DHFL’s small fixed deposit holders
Lenders decide to pay FD depositors holding up to ₹2 lakh the full amount while other depositors will face the distribution mechanism.
These legal issues will impact business in 2021
In the backdrop of the legal hits and misses of 2020, due to the pandemic as well as other reasons, here's a look at what 2021 has in store for private equity and mergers and acquisitions.
