Modi govt’s mixed record on corporate reforms
[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.…
NCLT orders insolvency proceedings against Vadraj Cement
[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…
IBC can’t resolve airline bankruptcies: Experts at Mint BFSI Summit
[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…
Climate change: Distressed firms to be judged on green plans
[ad_1] New Delhi: Sustainability is set to become a central consideration for debt resolution under the Insolvency and Bankruptcy Code (IBC), in a move that could make India a pioneer…
NCLT issues notice to SpiceJet over plea by IT vendor
[ad_1] The National Company Law Tribunal (NCLT) issued a notice to the cash-strapped private airline SpiceJet on Thursday in an insolvency case initiated by Raymach Technologies Pvt Ltd, a business…
SC refuses relief to personal guarantors under bankruptcy code
[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…
SC affirms key Insolvency and Bankruptcy Code provisions on role of RP, moratorium
[ad_1] The Supreme Court on Thursday affirmed some of the key provisions of the Insolvency and Bankruptcy Code, (IBC) 2016, relating to the appointment of resolution professional (RP), adjudicatory process…
Govt says committed to reducing risks for aircraft lessors
[ad_1] New Delhi: The government is committed to reducing the risks faced by aircraft lessors and maintaining their confidence in the Indian aviation market, the ministry of civil aviation said…
NCLAT gives a third lessor the right to inspect Go First aircraft
[ad_1] New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday granted Bluesky 19 Leasing Company Ltd, a lessor of Go First, the right to inspect its aircraft, making…
Govt notifies bankruptcy code changes to make aircraft recovery easier
[ad_1] New Delhi: The ministry of corporate affairs (MCA) on Wednesday notified that some provisions of the Insolvency and Bankruptcy Code (IBC) would not apply to aircraft, engines and related…