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News
Insolvency
Insolvency News
SpiceJet
11 May 2023
SpiceJet Denies Insolvency Rumours Despite Receiving Notice From NCLT
SpiceJet has received notice from National Company Law Tribunal, however, the airline is claiming that rumours of insolvency are false, and it is focussing on recovery of its fleet.
Go Air
10 May 2023
Go First Crisis: NCLT Admits Airline's Plea For Insolvency Resolution Process
Go First Insolvency: According to the order by NCLT, IRP has been asked to take necessary steps including execution of the arbitral awards, keep it as a going concern and run its services smoothly.
Go First
02 May 2023
Go First Cancels All Flights From May 3-5 Amid Cash Crunch; Files Bankruptcy
Amid cash crunch, Go First, a Wadia-group owned airline has submitted a detailed report to aviation regulator Directorate General of Civil Aviation (DGCA).
Insolvency
27 Nov 2022
Cumulative recovery rate under insolvency resolution falls to 30.18 pc in Sept
The overall recovery rate implies a haircut of around 70 per cent for the lenders. The Insolvency and Bankruptcy Board of India (IBBI) is a key institution in implementing the Insolvency and Bankruptcy Code (IBC). The cumulative recovery rate has been on a downtrend.
Jet Airways
13 May 2020
Jet Airways insolvency resolution professional seeks fresh EoI
This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year.
Bankruptcy
04 Sep 2019
NCLAT allows promoters to regain control of firms at liquidation stage
In the liquidation case pertaining to Sterling Biotech, the NCLAT has set aside a bankruptcy court order to liquidate a debt-ridden company while allowing its promoters to take back control of the firm after making full payment to the lenders.
Jaypee Infratech
21 Jun 2019
Jaypee Infratech creditors meet to take stock of insolvency process
In the voting process that concluded on June 10, majority of banks voted against NBCC's bid to acquire the debt-laden firm. Most homebuyers voted in favour of the NBCC bid.
Insolvency
25 Mar 2019
`Good outcome from creditors-company negotiations better than insolvency`
He was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code (IBC).
Insolvency
21 Jun 2018
Centre studying other countries' systems for new insolvency framework
The Centre is inclined towards the UK system with some modifications, sources have said.
Reliance Communications
28 May 2018
RCom plea against insolvency to be heard by NCLAT on Tuesday
The plea of Anil Ambani-run RCom was mentioned today before the bench of the National Company Law Appellate Tribunal (NCLAT), seeking an urgent hearing on the issue.
Reliance Communications
22 May 2018
RCom moves NCLAT challenging order allowing plea for its insolvency
Anil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week.
Insolvency
01 May 2018
IBBI invites comments on regulations under Insolvency & Bankruptcy Code
The IBBI has evolved a transparent and consultative process to make regulations.
Zee News
11 Aug 2017
NCLT orders commencement of insolvency proceedings against Jaypee Infratech
Insolvency
08 May 2016
Bankruptcy Code positive financial sector reform: Nomura
The insolvency and bankruptcy code is a very positive financial sector reform, especially for the the banking sector, as it will give creditors a legal path for recovering their dues in a time-bound manner, says a Nomura report.
Insolvency
17 Mar 2016
Insolvency Code to make start, exit easy for startups: Nirmala
Insolvency and Bankruptcy Code will make it easy for a budding entrepreneur to start or exit from the startup business, Commerce and Industry Minister Nirmala Sitharaman said on Thursday.
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