[ad_1] Earlier this week, the National Company Law Tribunal (NCLT) extended the moratorium period on Go First’s dues and leased aircraft by another 60 days giving the grounded airline a…
[ad_1] Big bang capital Seen as the most infamous legacy of the previous regime, the banking sector’s bad loans mess was getting visible through impaired balance sheets by the mid-2010s.…
[ad_1] The changes will be based on suggestions from the public and self-regulators of accountants and company secretaries, which arre expected by the middle of March. Regulators like the Insolvency…
[ad_1] New Delhi: Instances of vendors and suppliers arm twisting their clients to try and recover dues using the bankruptcy code as a tool is in sharp decline, showed official…
[ad_1] Mumbai: The Mumbai bench of the insolvency tribunal has ordered the initiation of a corporate insolvency proceedings against Vadraj Cement, a group company of the insolvent ABG Shipyard, after…
[ad_1] The Insolvency and Bankruptcy Code can’t resolve airline bankruptcies, according to RK Bansal, CEO and managing director of asset reconstruction company Edelweiss ARG. Speaking during a panel discussion titled…
[ad_1] New Delhi: The government has directed heads of public sector banks (PSBs) to conduct monthly reviews of the top 20 cases awaiting bankruptcy courts at each of them, financial…
[ad_1] New Delhi: Assets of distressed firms in bankruptcy realize only about 41% of their estimated value within 330 days of commencement of the bankruptcy process, dropping significantly in case…
[ad_1] Mumbai: The Supreme Court did not provide any relief to personal guarantors under the Insolvency and Bankruptcy Code (IBC) in a verdict on Thursday, upholding the validity of key…
[ad_1] NEW DELHI: The government on Sunday said that the system needs to be geared up to deal with around 1,000 insolvency cases annually even as the Insolvency & Bankruptcy…
