Page 35 - Bankruptcy Code News Today

Evolving with changing scenarios will be crucial for IBC: Minister : Rashtra News #Evolving #changing #scenarios #crucial #IBC #Minister Evolving with changing scenarios will be crucial for Insolvency and Bankruptcy Code (IBC) as it could become the most potent instrument in driving proactive responsible behaviour among lenders and prove to be a boon for the

Secretary of the Department of Financial Services, Vivek Joshi, asked banks to move forward in declaring defaults, so that companies can move towards the resolution process.

Lack of judicial capacity, incompetency, and frivolous litigation in the National Company Law Tribunal (NCLT) have led to decreased values and increased timelines for debt recovery under India’s bankruptcy code, driving financial creditors and prospective debt buyers away from India’s foremost stressed asset resolution scheme.

Restructuring partner Alice Eaton spoke on the panel “Adjusting to a New Era: Redefining Value Creation in Uncertain Times,” as part of the Wharton…

Apart from Oppo, two new insolvency pleas have been filed against Byjus in the last one week. They were filed by US based publishing company McGraw Hill education and end-to-end customer experience solutions company Cogent E-services.

During the fourth quarter as well as the Financial Year 2023-24, higher volumes were contributed by almost all plants led by Mundra, the newly commissioned Godda plant, Udupi, and Mahan. Domestic power sales volumes continued to be driven by growing power demand across India, and offtake under Power Purchase Agreements (“PPAs”) was further supported by falling prices of imported coal and alternate fuel. - Newsx

The Noida Authority has filed a review petition in the Allahabad High Court challenging the directive on executing registries for 330 flats in Lotus 300. The petition cites mounting dues of builders as the reason for inability to execute registries.

Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The company has an installed thermal power capacity of 15,210 MW spread across eight power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, and Jharkhand, apart from a 40 MW solar power plant in Gujarat. With the help of a world-class team of experts in every field of power, Adani Power is on course to achieve its growth potential - Newsx

OPPO Mobiles filed a petition on May 1 in the Bengaluru bench of the National Company Law Tribunal (NCLT), seeking initiation of insolvency proceedings against troubled edtech major Byju’s. OPPO is the latest in the growing list of entities, who dragged Byju’s to the NCLT

The Noida Authority has filed a review petition in the Allahabad High Court challenging the directive on executing registries for 330 flats in Lotus 300. The petition cites mounting dues of builders as the reason for inability to execute registries.