Page 12 - Resolution Plan News Today

The Supreme Court on Monday (February 12) observed that the Adjudicating Authority (“AA”) i.e., NCLT under Insolvency and Bankruptcy Code, 2016 (“IBC”) has the power to recall its order approving the...

A company could not avail benefit of the Sabka Vishwas scheme as it was under moratorium under IBC - The Courts are meant to do justice and cannot compel a person to do something which was impossible...

In the dynamic realm of Micro, Small, and Medium Enterprises (“MSME”) Law in India, the year 2023 emerged as a pivotal chapter marked by significant judicial pronouncements that reshaped the ...

Seeking a clarification of the SCs January 3 order that asked them to pay Aircel Rs 112 crore, the Bharti entities told a Bench led by Justice Sanjiv Khanna that since the resolution plan of UV Assets Reconstruction Company to revive Aircel did not receive the Reserve Bank of India approval, its interests must be protected in case Aircel went into liquidation.

HNG debtors move to sell the company to ARCs incase the SC rejects their applicant has sparked resentment among the employees of Indias oldest glass making company. They blame the COC and RP for the delay to bring a resolution, , insolvency resolution, Insolvency and Bankruptcy Bill, HNG Insolvency Resolution

Lawyers Vikas Mehta, Mayan Prasad and Anshula Grover represented 110 workmen of Jet Airways and raised the issue of whether workmen are entitled to provident fund and gratuity during the corporate insolvency resolution process

The Supreme Court on Wednesday asked the Jalan-Kalrock consortium, the new owners of cash-strapped Jet Airways, how much have they paid towards dues on account of provident fund and gratuity to the former employees of the troubled airline. The top court made the query while commencing the hearing on a batch of petitions, including the one filed by the Jet Aircraft Maintenance Engineers Welfare Association, against the October 21, 2022 order of the insolvency appellate tribunal NCLAT.

SC asked, the new owners of cash-strapped Jet Airways, how much have they paid towards dues on account of provident fund.

A Country cant remain prisoner of past: Supreme Court dismisses plea to rename cities named after muslim rulers; stresses on Indias secular character. 2023 LiveLaw (SC) 156A High Court ~ howsoever...

Asian Hotels (West) Insolvency: NCLAT said the decision of lenders of Asian Hotels (West) was "arbitrary in not approving 12A Proposal", which offered to pay the entire debt of financial creditors as well as all other creditors.