Page 5 - Resolution Professional News Today

Earlier, homebuyers who had been allotted flats before the realty firm became insolvent, were left with no remedy except for being entitled to a refund

The National Company Law Appellate Tribunal (NCLAT) has stayed the NCLT Mumbai benchs order to initiate a Corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, the operator of the fantasy sports platform Dream11. The stay will remain in effect until the next hearing on February 23.

Get latest articles and stories on Latest News at LatestLY. The National Company Law Appellate Tribunal on Wednesday stayed the NCLT Mumbai bench order to initiate a corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, which operates the fantasy sports platform Dream 11. Latest News | NCLAT Stays NCLT Order in Dream 11 Case, Directs IRP Not to Take Any Step Till Feb 23.

A spokesperson in the Ajay Singh-promoted airline said that the salaries have been paid to over 75 per cent of the employees as of now. The pension fund deposits will be done soon.

The Supreme Court on Monday (February 12) observed that the claim submitted by the Resolution Applicant (“RA”) under the Corporate Insolvency Resolution Process (“CIRP”) cannot be rejected/overlooked...

The Supreme Court on Monday cleared the decks for the initiation of arbitration proceedings by Arcelor Mittal Nippon Steel India Limited (AMNSIL) and Indian Oil Corporation Ltd (IOCL) to resolve their dispute pertaining to Essar Steel India Limited (ESIL) | Latest News India

Three parties have, so far, shown interest in taking over Go First and also deposited earnest, the resolution professional has told NCLT

A bench led by Chief Justice of India (CJI) DY Chandrachud indicated that the court would list the case formally and pass directions to the parties in this regard

The constitutional validity of the provisions pertaining to personal guarantors in Part III of the Insolvency and Bankruptcy Code, 2016 (“Code”) were recently challenged in a series of 384 writ...

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...