Justice Sudhansu Jyoti Mukhopadhaya: The man presiding over most of corporate insolvency cases
Justice Sudhansu Jyoti Mukhopadhaya, a retired SC judge, has headed the NCLT since its inception.
NCLAT reserves order on contempt plea against Anil Ambani
Reliance Infratel, against which also the contempt petition has been filed, is part...
Budget wish list: What can the FM do to ease liquidity crisis & create jobs
Market will cheer a move to withdraw the long-term capital gains ...
Mantri creditor Aayas Trade moves NCLT against realtor
A notice alleged that Mantri received advances of over Rs 530 crore from Aayas/ Elbit for a real estate project in Bengaluru, but failed to perform its contractual obligations or return the money to Aayas / Elbit even after more than a decade.
View: Grab what you can in India’s bad loan melee
As everyone from the govt sleuths to the courts are joining the melee, the chaos will hurt recovery.
Jet Airways crisis: Lenders keen on non-IBC resolution in case bidding process fails
Lenders of Jet Airways are in favour of a resolution outside the insolvency law framework.
Due Diligence of a stressed asset still a challenge in IBC: Koushik Chatterjee, Tata Steel
Tata Steel was one of the first players to acquire an asset out of the 12 assets notified by the Reserve Bank of India needing immediate resolution under the IBC.
Companies in a fix as GST, IBC rules clash, plan to move court
Firms unable to pay current taxes without clearing earlier ones, but under IBC the tax department has to wait until all creditors get their dues.
'Effective steps' on anvil to deal with frivolous bids under IBC, says official
New Delhi, Feb 26 () The government will soon come out with "effective steps" to deal with instances where entities back out after making frivolous bids under the insolvency law, according to a senior official.
Two Jet suppliers seek to land airline in bankruptcy court
The development could hurt the efforts of banks to cobble together a deal to revive the grounded airline.
Bankrupt companies take indirect tax department to court over GST software not being in sync with IBC
Many bankrupt companies are complaining that the GST software doesn’t allow them to pay current or future taxes without clearing dues from earlier years.
Steel sector has turned out to be one of the major beneficiaries of IBC: ICRA Ltd
Financial creditors have realised close to Rs. 444 billion from these four CIRPs with an average haircut of about 47%.
SBI is transmitting 65 bps of total 75 bps rate cut to CCOD customers: Prashant Kumar
We have already passed on MCLR cut of almost 10 bps in the past, says SBI MD
Expect Sensex to touch 50,000 over next two quarters: Manish Sonthalia, Motilal Oswal
There is a latent demand which will fructify over next 2-3 quarters, says Sonthalia.
DoT to oppose spectrum sale of bankrupt telcos
DoT says only the government can sell asset; move may make RCom, Aircel less attractive to buyers.
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