Tag: Insolvency
Finance Ministry Prepares Pre-Packaged Resolution Solutions for MSME Insolvency
Govt sets minimum default threshold at Rs 10 lakh for pre-packaged resolution for MSMEs' insolvency. Read More
Govt Proposes New Insolvency Resolution Framework under IBC
"The Code may be amended quickly, preferably by an Ordinance, to provide for formal part of pre-pack. The Code may make a skeletal provision enabling ... Read More
Bankruptcy Proceedings are Suspended till December 2020
"In exercise of the powers conferred by section 10A of the Insolvency and Bankruptcy Code, 2016, the Central Government has extended the suspension of sections ... Read More
Supreme Court Give Relief to Anil Ambani in Insolvency Case
Instead, a Bench headed by Justice L Nageswara Rao directed the Delhi High Court to consider the issue of Ambani's challenge on the insolvency law ... Read More
Over 25000 MSMEs Complaints For Insolvency Process: FISME
The dues of 25,000 MSMEs could be stuck in companies that are under the Corporate Insolvency Resolution Process (CIRP) and another 75,000 could be affected ... Read More
Homebuyers Seek Revision on NBCC’s Latest Bid in Jaypee Infra Insolvency
“The homebuyers unequivocally wish that NBCC should take over the JIL (Jaypee Infratech Ltd). You are hereby instructed to endeavor to negotiate with NBCC so ... Read More
Anil Ambani Resigns from Directorship of Reliance Communications
The chief financial officer of the debt-ridden company Manikantan V has also resigned, the filing said."Shri Anil D Ambani, Smt. Chhaya Virani, Smt. Manjari Kacker ... Read More