Wednesday 23 June 2021
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Tag: IBC

Guarantors for loans liable under IBC proceedings: Supreme Court

A bench of Justices L N Rao and S R Bhat upheld the validity of the November 15, 2019 notification issued by the Centre fastening liability of bad debts on corporate guarantors for loans obtained by their companies, which later failed to pay up and went into resolution proceedings under the...

IBC: Versatile Amendment To Benefit MSME

Know the remarkable changes that have been made in the Insolvency and Bankruptcy Code to enable companies tide over the pandemic situation

Anil Ambani: From Status Of Tycoon To Insolvency

Study the career of Anil Ambani, and you will get a classic case of decisions you ought not take as a businessman and time you better utilise

Insolvency proceedings against Godrej partner MagicInfo start

A two-member NCLT bench, comprising R Varadharajan and KK Vohra, has admitted the insolvency plea moved by three flat buyers who had bought units at 'Godrej Summit' project in Gurgaon

ILFS to run Gurgaon Metro till Sept 17; HUDA to bear cost

The ILFS is now facing bankruptcy proceedings in the National Company Law Appellate Tribunal, putting the rail service at risk of closure

Banks recover Rs 75,000 crore from 94 NPAs that owed Rs 1.75 lakh crore

According to the Crisil-Assocham study, some major difficulties need to be overcome for successful implementation of the IBC

SBI expects to recover Rs 30,000 crore bad loans via IBC resolution

Kolkata: State Bank of India (SBI) expects to recover around Rs 30,000 crore from the resolution process under the Insolvency...
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