Applications have been invited from corporate entities for submission of resolution plan for the debt-laden Jaypee Infratech under the insolvency law, according to a public notice. The National Company Law Tribunal (NCLT) has admitted the application by an IDBI Bank-led consortium seeking resolution for Jaypee Infratech under the Insolvency and Bankruptcy Code. Moving ahead with…
Consultation on Individual Insolvency and Rights and obligations of MSMEs held at Ludhiana New Delhi, Oct 27 (KNN) Eyeing at strengthening the Insolvency and Bankruptcy Code (IBC) framkework, the Insolvency and Bankruptcy Board of India (IBBI) organised a stakeholder consultation on Individual Insolvency Rights and obligations of Micro, Small and Medium Enterprises (MSMEs) owners,…
The crunch by-election in the state seat of Northcote is getting nasty with one candidate saying her recent past of marriage breakdown and domestic violence has been dredged-up in an attempt to damage her chances. The Greens say the story of their candidate Lidia Thorpe’s bankruptcy four years ago was being “shopped around” Melbourne media…
The clarification came as some stakeholders drew attention to Section 30(2)(e) of the IBC, which directs resolution professionals to ensure any such insolvency resolution plan does not contravene any of the provisions of the law for the time being in force. (Reuters) The Insolvency and Bankruptcy Code (IBC), 2016, isnt in conflict with the Companies…
The crunch by-election in the state seat of Northcote is getting nasty with one candidate saying her recent past of marriage breakdown and domestic violence has been dredged-up in an attempt to damage her chances. The Greens say the story of their candidate Lidia Thorpe’s bankruptcy four years ago was being “shopped around” Melbourne media…
More than 14 winding-up petitions are pending before the Delhi high court against Era Infra Engineering. Photo: Mint New Delhi: A special bench of the National Company Law Tribunal (NCLT) on Thursday reserved its ruling on whether to initiate insolvency proceedings against Era Infra Engineering Ltd, when winding-up petitions are pending against the company at…
The crunch by-election in the state seat of Northcote is getting nasty with one candidate saying her recent past of marriage breakdown and domestic violence has been dredged-up an attempt to damage her chances. The Greens say the story of their candidate Lidia Thorpe’s bankruptcy four years ago was being “shopped around” Melbourne media outlets in recent days.…
NEW DELHI: Discrepancies in the insolvency and the bankruptcy code was one of the missing links in the debt recovery regime of our country. After much deliberation, the Insolvency and Banking Code, 2016, was introduced to create a balance in the rights between creditors and borrowers and strengthen the position of creditors, as it appeared…
Updated: Oct 26, 2017, 10.38 AM IST The government is of the view that Insolvency and Bankruptcy Code (IBC) provides that the resolution plan will be binding on a company , its shareholders, lenders, employees, guarantors and other stakeholders if approved by NCLT. NEW DELHI: The government on Wednesday said insolvency resolution plans, such as…
NEW DELHI: The government on Wednesday said insolvency resolution plans, such as sale and transfer of assets, do not require approval from shareholders or the company as the law provides a detailed process from the receipt of the resolution plan to approval by the adjudicating authority. The clarification by the ministry of corporate affairs is…