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IBC | For Rejection Of A Resolution Plan Under Section 31(2), NCLT Must Pass A Reasoned Order: Supreme Court

The Supreme Court has held that when the National Company Law Tribunal (“NCLT”) exercises its power under Section 31(2) of the Insolvency and Bankruptcy Code, 2016 to not approve a resolution plan,...
State Of Rajasthan State Of Karnataka Manoj Kumar Khokhar Justice Vikram Nath Justice Ahsanuddin Amanullah National Company Law Appellate Tribunal
Source: livelaw.in

Real Estate, manufacturing and construction account for 71% of IBC resolution plans: ASSOCHAM-PWC report

The IBBI discussion paper has proposed keeping properties that are in the possession of homebuyers from the ambit of liquidation. It has also proposed mandatorily registering projects under the Real Estate Regulatory Authority.
Real Estate Regulatory Authority Corporate Insolvency Resolution Processes Bankruptcy Code Bankruptcy Board General Deepak Sood Real Estate Regulatory

insolvency: In a first, two IBBI members endorse focus on ESG in insolvency resolution

A paper by two senior functionaries of the insolvency regulator in India has proposed amending the bankruptcy law to include consideration of ESG factors in the evaluation of resolution plans for stressed firms. The paper suggests expanding the role of insolvency professionals to consider ESG risks and opportunities during the restructuring process.
Sudhakar Shukla Bankruptcy Board Asit Behera Bankruptcy Code Insolvency Resolution Esg Focus

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Section 30(4) Of IBC Directory In Nature, Does Not Compel COC To Distribute Payments Based On Value Of Security : NCLT Hyderabad

The National Company Law Tribunal (“NCLT”), Hyderabad Bench, comprising of Shri Dr. N. V. Rama Krishna Badarinath (Judicial Member) and Shri Satya Ranjan Prasad (Technical Member), while...
Raja Shekar Rao Salvaji Dishit Bhattacharjee Canara Bank Financial Creditor Galada Power And Telecommunications Ltd Assets Stabilisation Fund Telecommunications Ltd
Source: livelaw.in

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