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May 14, 2023
The Supreme Court has held that if a modified resolution plan, carrying however minor modification/revision, is not finally approved by Committee of Creditors (CoC), then presentation of such modified...
May 14, 2023
Go First Airlines, being in debt and operational hassles due to insufficient cashflows, had approached the National Company Law Tribunal (NCLT), for initiating the resolution process against itself under the provisions of the Insolvency and Bankruptcy Code
May 14, 2023
The National Company Law Tribunal (“NCLT”), Hyderabad Bench, comprising of Dr. Venkata Ramakrishna Badarinath Nandula (Judicial Member) and Shri Charan Singh (Technical Member), while adjudicating...
May 13, 2023
The NCLT Allahabad bench comprising of Shri Praveen Gupta (Judicial Member) and Shri Subrata Ashish Verma (Technical Member) has approved a 3.91 crore resolution plan of Dwiti Construction Pvt....
May 10, 2023
The National Company Law Appellate Tribunal (“NCLAT”), Principal Bench, comprising of Justice Ashok Bhushan (Chairperson) and Shri Barun Mitra (Technical Member), while adjudicating an appeal filed...
May 10, 2023
A mechanical engineer and a postgraduate from the Indian Institute of Management, Bengaluru's Abhilash Lal is the person who is ensured to take the Wadia group's low cost airlines Go Airlines (India) Ltd out of turbulence.On Wednesday, the ...
May 9, 2023
Supreme Court IBC| Principle Of Commercial Wisdom Not Validate A Decision Taken By CoC In Contravention Of Law: Supreme Court Case Title: M.K. Rajagopalan v Dr. Periasamy Palani Gounder ...
May 7, 2023
The Supreme Court has held that the principle of ‘Commercial Wisdom’ of the Committee of Creditors (“CoC”) cannot brush aside the shortcomings of the CoC in cases where decision making was done in...
May 7, 2023
The Supreme Court has held that a resolution applicant cannot be rendered ineligible to submit a resolution plan under the Insolvency and Bankruptcy Code, 2016 (“IBC”), by assuming his/her...
May 6, 2023
While the IBC universally applies across different sectors, past experience suggests that there is an urgent need to have a separate mechanism for insolvency resolution in the real estate sector.