Page 55 - Bankruptcy Code News Today

The Insolvency and Bankruptcy Board of India is the appropriate authority to initiate disciplinary proceedings against the RP, says NCLT

Six ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders exits amid debt resolution delays. Prudent ARC recently acquired debt through a Swiss auction, ensuring an 80% recovery for the lender."}

The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false

Considers the basic issues of statutory exemptions from a creditors enforcement of a judgment

PLI schemes for 14 different sectors, worth $25 billion, is likely to lead to production worth over $370 billion in the next five years, said the report

The Insolvency and Bankruptcy Board of India (Board/IBBI) has suspended the registration of Savan Godiawala, an insolvency professional (IP), for violating various provisions of the Code and unnecessarily assigning half of his work to Deloitte Touche Tohmatsu India LLP (DTTILLP), where he is a partner.

Two recent bankruptcy court decisions reflect a split of authority on subchapter V eligibility. In re Macedon Consulting Inc. finds that all future amounts due under an...

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Charge Enterprises, Inc., ...

In the case of JAL, State Bank of India has the largest debt hold at 26%, followed by ICICI Bank at 19% and IDBI Bank at 11%. The company has total principal outstanding debt of ₹17,700 crore as of March 2023.

Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital : Rashtra News #Adani #KKR #Piramal #among #prominent #bidders #Reliance #Capital Adani Finserve, KKR, Piramal Finance and Poonawala Finance are among the 14 prominent firms that have expressed interest to acquire debt-ridden Reliance Capital Ltd, promoted by the Anil Ambani Group, sources said. The last