NCLT orders Corporate Insolvency Resolution process for REI Agro – Financial Express

The city-based company has allegedly defrauded a 20-lender consortium, led by public sector Uco Bank, through conspiracy, cheating and forgery. The National Company Law Tribunal (NCLT), Kolkata, has ordered for initiation of the Corporate Insolvency Resolution process in respect of Basmati rice exporter REI Agro, which has allegedly been involved in a massive bank loan…

Window closes today for submitting comments on Voluntary Liquidation regulations – Economic Times

The window for submitting stakeholder comments on draft regulations for voluntary liquidation under the Insolvency and Bankruptcy Board of India (IBBI) closes today. On February 14, the board had invited public comments on the Draft Regulations for Voluntary Liquidation giving time till March 8. The Ministry of Corporate Affairs had set-up four working groups of…