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Kunwer Sachdev vs 1 Idbi Bank & Ors. on 12 February, 2024

Kunwer Sachdev vs 1 Idbi Bank & Ors. on 12 February, 2024
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nclt: RCap Administrator submits name of IIHL as successful bidder for NCLT approval

In the first auction on December 21, Torrent Investments made the highest offer of Rs 8,640 crore, while the Hinduja Group entity offered Rs 8,110 crore. However, within 24 hours, the Hinduja entity gave a revised, improved offer of Rs 9,000 crore, a development contested by Torrent. ....

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Reliance Capital Administrator submits name of IIHL as successful bidder for NCLT approval

The administrator has filed an application under Section 30 (6) of the Insolvency and Bankruptcy Code, 2016, for submission of the resolution plan of IIHL as approved by the Committee of Creditors of Reliance Capital Limited, with the Adjudicating Authority National Company Law Tribunal (NCLT), Mumbai Bench, RCap said in a regulatory filing. ....

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Moratorium under Bankruptcy Code applies only to corporate debtor not to its promoters: Supreme Court

Moratorium under Bankruptcy Code applies only to corporate debtor not to its promoters: Supreme Court
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Insolvency And Bankruptcy Code (Amendment) Bill, 2021 Passes In Rajya Sabha: Here Are The Key Highlights

Insolvency And Bankruptcy Code (Amendment) Bill, 2021 Passes In Rajya Sabha: Here Are The Key Highlights
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