Page 3 - Liquidation Process News Today

Krishna Ventures Ltds proposal has been accepted by the Liquidator and the Stakeholder committee of M/s Corporate Power Limited for the acquisition as a Going Concern which has 270x2 Nos Thermal Power plant at Chandwa, Ranchi.

The Insolvency and Bankruptcy Code, 2016 (“IBC/Code”) came into force on 28th May 2016, with the objective to “consolidate and amend the laws relating to reorganisation and insolvency resolution of ...

The insolvency regulator has sought public comments on all the legislation so far under the Code. This is likely to result in a complete overhaul of the | BLiTZ

Ankiti Bose, the erstwhile CEO of the B2B fashion marketplace start-up, was sacked last year following allegations of financial wrongdoings within the company.

The National Company Law Tribunal (NCLT), Ahemadabad bench comprising Mr. Kaushalendra Kumar Singh (Technical) and Dr. Madan B. Gosavi (Judicial) dealt with the interpretation of a ‘secured’...

Supreme Court IBC- Once Resolution Plan Is Approved, No Modifications Are Permissible: Supreme Court Case Title: SREI Multiple Asset Investment Trust Vision India Fund v Deccan Chronicle...

Supreme Court IBC- Once Resolution Plan Is Approved, No Modifications Are Permissible: Supreme Court Case Title: SREI Multiple Asset Investment Trust Vision India Fund v Deccan Chronicle...

While deciding the matter, the bench led by Justice Rakesh Kumar Jain held that the liquidator does not have the jurisdiction to modify the claims that have already been admitted

This is the first in a two-part series article analysing the recent discussion paper published by the Ministry of Corporate Affairs on 18 January 2023, proposing several major amendments to the IBC Code, 2016.

In part 1 we have analysed some of the empirical data on recoveries and investments under the Code as well as impact of legislative/regulatory amendments on investments and acquisitions under the Code. In part 2 we have analysed some of the significant judicial pronouncements.