NCLT admits Union Bank’s insolvency plea against Rolta – Economic Times

A bankruptcy court on Thursday admitted military-focussed software developer Rolta India for the corporate insolvency resolution process (CIRP), allowing a petition filed by state-owned Union Bank of India. The Mumbai Bench of the National Company Law Tribunal (NCLT) appointed Mamta Binani as the interim resolution professional for the listed firm. Union Bank had approached the…

Government Proposes Slew Of Changes To Insolvency Law – Outlook India

To further strengthen the insolvency law regime, the government on Wednesday proposed a raft of changes, including fast-tracking the process, expanding the scope of the pre-packaged framework and developing an electronic platform with minimal human interface. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution…

Sun Cable’s solar project is in voluntary administration. Why has it happened, and what does it mean? – ABC News

It’san ambitious project that was destined to be difficult. The mission:To turn the blistering heat of the Northern Territory into a solar energy powerhouse supplying electricity to Singapore and Darwin. The method: By building a giant 20-gigawatt solar farm supportedby the world’s biggest battery network that connects to Darwin, before continuing to Singapore via a…

Govt proposes slew of changes to insolvency law – Economic Times

To further strengthen the insolvency law regime, the government on Wednesday proposed a raft of changes, including fast-tracking the process, expanding the scope of the pre-packaged framework and developing an electronic platform with minimal human interface. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution…

Government Proposes Slew Of Changes To Insolvency Law – BQ Prime

The government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The Insolvency and Bankruptcy Code, which came…

Govt proposes slew of changes to insolvency law – Business Today

The government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets. The Code has already undergone various amendments. “To strengthen…

Deliveroo Australia’s Voluntary Administration – Global Legal … – Global Legal Chronicle

Gilbert + Tobin advised Roofoods Ltd in relation to the voluntary administration of its Australian subsidiary, Deliveroo Australia Pty Ltd.Andrew Knight, Craig Shepard and Michael Korda This content is for members only.Login to Read More Join Now PrintFriendly Read the full article at: https://globallegalchronicle.com/deliveroo-australias-voluntary-administration/

Insolvency resolution bids invited for Gayatri Projects after promoters failed to get relief – Moneycontrol

Gayatri Projects was admitted for CIRP proceedings after State Bank of India filed an application under Section 7 of the IBC claiming that the firm defaulted on Rs 242.33 crore loans. CR Sukumar January 17, 2023 / 08:06 PM IST Representative image. The lenders have invited expressions of interest (EoI) from the prospective resolution applicants…