Page 8 - Resolution Professional News Today

NOMINAL INDEX [Citations 2023 LiveLaw (Jha) 1 to 88]The State of Jharkhand & Ors. v. Tata Steel Limited & Anr. 2023 LiveLaw (Jha) 1M/s Om Prakash Kashyap Versus UOI 2023 LiveLaw (Jha) 2Prem Prakash...

Lenders have divided FEL into three clusters. The first is the companys stakes in its life and general insurance ventures with Italian partner Assicurazioni Generali S.p.A. Banks are hoping for some recovery from FELs remaining 26% stake in Future Generali India Insurance Co and also its residual stake in Future Generali India Life after Generali hiked its stake to above 70% in 2021.

The Wadia Group, under the leadership of Nusli Wadia, has firmly stated that the bankruptcy of its budget airline, Go First, in May last year, will not impede its ability to raise funds for other businesses within the conglomerate in the future.&nbsp

The Wadia Group, under the leadership of Nusli Wadia, has firmly stated that the bankruptcy of its budget airline, Go First, in May last year, will not impede its ability to raise funds for other businesses within the conglomerate in the ...

India Business News: NEW DELHI: The resolution professional of debt-ridden Future Enterprises (FEL) has invited Expression of Interest (EOIs) for the company’s assets, inc.

The move is aimed at avoiding administrative delays in the appointment of IPs to expedite insolvency resolution and prevent further erosion of stressed asset value, said a senior official.

The tribunals dealing with Insolvency and Bankruptcy Code (IBC), 2016 have been subject to criticism mainly due to pendancy of cases.

The article provides a brief look at important orders passed by the NCLAT under the IBC between October 16 and October 31, 2023.

The move is aimed at avoiding administrative delays in the appointment of IPs to expedite insolvency resolution and prevent further erosion of stressed asset value, said a senior official.

Sabka Vishwas Scheme: Supreme Court Grants Relief To Company Which Missed Deadline Due To IBC MoratoriumThe Supreme Court Bench comprising of Justices M R Shah and Justice B V Nagarathna has remarked...