Page 42 - Bankruptcy Code News Today

Delhi High Court NFAC Cant Sustain Invocation Of Penalty Proceedings Based On Their Own Failure To Lodge Claim Under IBC Within Time: Delhi High Court Case Title: M Tech Developers Pvt. Ltd....

Srei Administrator to seek lenders' nod to control cash flows of two bankrupt companies : Rashtra News The administrator of Srei Infrastructure Finance and Srei Equipment Finance, Rajneesh Sharma, will seek a mandate from lenders to control the cash flows of the subsidiaries of the two bankrupt companies and appoint EY as its financial advisor,

Observing that the offences committed under the Insolvency and Bankruptcy Code, 2016 (“IBC”) would be tried by the Special Court established under Section 435 of the Companies Act, 2013 and the...

IN THE NATIONAL COMPANY LAW TRIBUNAL AHMEDABAD DIVISION BENCH COURT - I ITEM No.303 ...

Frédéric writes: "The venerable company ZiLOG who was founded in 1974, and who brought us the famous Z80 CPU (used in the Timex/Sinclair ZX80/ZX81, and the Amstrad CPC/PCW computers), is filling for Chapter 11 ... I didnt find the todays news on the web, but found this article at Silicon...

In a notice, the ministry also said its seeking to tweak the rules on the application to the adjudicating authority, the annual statement of accounts and the annual report rules, as stipulated by the Insolvency and Bankruptcy Board of India (IBBI). The notice has been uploaded on the IBBI website.

IBC may come up in Budget session for faster resolution, cross-border norms : Rashtra News #IBC #Budget #session #faster #resolution #crossborder #norms The Insolvency and Bankruptcy Code (IBC) could soon see some strengthening, including a cross-border insolvency framework and measures to speed up resolution of cases, with the matter set to be taken up in

Lenders mull 90-day extension to close Reliance Capital resolution process : Rashtra News #Lenders #mull #90day #extension #close #Reliance #Capital #resolution #process Lenders on Wednesday discussed a proposal for 90 days of extension to close the resolution process of debt-ridden Reliance Capital Ltd (RCL) promoted by the Anil Ambani Group, sources said. The Committee of

In doing so, the court has reversed the Bombay High Court verdict from 2022, which held that only a special court comprising metropolitan magistrate established under the Companies Act, 2013, is empowered to hear criminal complaints under IBC.

The Supreme Court has clarified that special courts presided by a sessions or additional sessions judge can try complaints under the Insolvency and Bankruptcy Code 2016. The court set aside a Bombay High Courts decision that only special courts consisting of a metropolitan or judicial magistrate (JM) were empowered to hear complaints under the bankruptcy law.