Various benches of the National Company Law Tribunal (NCLT) courts are admitting fewer cases brought forward by trade creditors. The NCLT was constituted in June 2016 to hear proceeding under the Insolvency and Bankruptcy Code (IBC). Through insolvency proceeding, the government and the RBI aim to recover about Rs 8 lakh crores in bad…
MURRAY, KY - It’s move-in day at Murray State University. Freshman Clay Glenn is already $10,000 in debt and he hasn’t even unpacked yet. “I’m paying for everything,” says Clay. “I took student loans out because I figured it would be worth it to get the college experience. I know that I’m already in debt…
Insolvency process for Bhushan Power and Steel has hit a fresh hurdle. A legal case between the troubled steel maker and its creditor, a Singapore-based shipping chartering service provider, may upset the whole process. This week a court will hear whether the moratorium declared under Insolvency and Bankruptcy Code (IBC) would be applicable in settling…