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Death of a Tribunal: How India's NCLT Fades in Influence

Lack of judicial capacity, incompetency, and frivolous litigation in the National Company Law Tribunal (NCLT) have led to decreased values and increased timelines for debt recovery under India’s bankruptcy code, driving financial creditors and prospective debt buyers away from India’s foremost stressed asset resolution scheme. ....

Madhya Pradesh , Piyush Singh , Abhirup Dasgupta , National Judicial Academy , Committee Of Creditors , Bankruptcy Code , Corporate Insolvency Resolution Process , Bankruptcy Board , Companies Act ,

ALB ASIA MARCH APRIL 2024 (INDIA EDITION)

MAR APR 2024 The sheer numbers paint a picture of what a staggeringly large exercise the ongoing Indian election is. In total, 543 members of the Lok Sabha will ....

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Allotted flats will not be part of liquidation process: IBBI

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 ....

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IBBI's five proposals expected to give relief to homebuyers awaiting possession of homes for years; to ensure faster resolution of insolvency cases

This discussion paper, inviting comments from stakeholders, seeks to implement the recommendations made by the committee on stalled real estate projects chaired by Amitabh Kant. This stems from the logistical impediments and shortcomings of the statutory framework faced by the insolvency processes of real estate companies, said legal experts. ....

Abhirup Dasgupta , Amitabh Kant , Ramakant Rai , Sourasubha Ghosh , Aashiesh Agarwaal , Committee Of Creditors Co , Supreme Court , National Company Law Appellate Tribunal , Real Estate Regulatory Authority , Bankruptcy Board , Real Estate Regulatory , Resolution Professional , Senior Vice President , Investment Advisory , Corporate Insolvency Resolution Process , Real Estate , Delayed Projects , Amitabh Kant Committee ,

India's Go First airline seeks investor interest as part of insolvency process

India's Go Airlines (India) Ltd has invited investor interest in the company through a court-appointed administrator as part of the carrier's ongoing insolvency process, a newspaper advertisement showed on Monday. ....

New Delhi , Rama Venkat , Aditya Kalra , Abhirup Dasgupta , Nivedita Bhattacharjee , Yagnoseni Das , India Go Airlines Ltd , Thomson Reuters Trust Principles , Pratt Whitney , Go Airlines , Thomson Reuters Trust ,