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Gujarat High Court Quashes Demand Notice And Assessment Order In Absence Of Any Claim Not Forming Part Of Resolution Plan

The Gujarat High Court has quashed the demand notice and assessment order in the absence of any claim not forming part of the resolution plan (RP).The bench of Justice Bhargav D. Karia and Justice...

India , Justice-bhargav , Sunilkumar-kabra , Karang-sanghani , Dhinala-shah , Justice-niralr-mehta , Committee-of-creditors , National-company-law-tribunal , Gujarat-high-court , Justice-niral , Bankruptcy-code , Income-tax-act

NFAC Can't Sustain Invocation Of Penalty Proceedings Based On Their Own Failure To Lodge Claim Under IBC Within Time: Delhi High Court

NFAC Can't Sustain Invocation Of Penalty Proceedings Based On Their Own Failure To Lodge Claim Under IBC Within Time: Delhi High Court
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Delhi , India , Justice-purushaindra-kumar-kaurav , Justice-yashwant-varma , Rohit-tiwari , Delhi-high-court , Committee-of-creditors , Supreme-court , National-faceless-assessment-centre , Bankruptcy-code , Income-tax-act , Assessment-year

Hinduja Group's IIHL Eyes Majority Stake in Invesco AMC

According to the terms of the agreement, the Invesco Group intends to retain a 40% stake in Invesco MF while IIHL is to acquire 60%.

Carlton , North-yorkshire , United-kingdom , London , City-of , Saurabh-nanavati , Committee-of-creditors , Hinduja-group-india , Motilal-oswal-financial-services , Hinduja-group , Indusind-international-holdings-ltd , Indusind-bank

Paradigm Of Real Estate Insolvencies, Judicial Trends, Challenges And Roadblocks, CIRP, IBBI

The Corporate Insolvency Resolution Process (“CIRP”) of a real estate company is fairly divergent from other sectors. The stressed real estate company may have multiple projects that may be at...

Delhi , India , Switzerland , Gurgaon , Haryana , Swiss , Umang-realtech , Anju-agarwal , Ajai-kumar-gupta , Manish-kumar , Ambika-prasad-sharma , Ram-kishor-arora

Wadhwa Buildcon: NCLT rejects promoter's resolution plan in Wadhwa Buildcon insolvency matter

The National Company Law Tribunal (NCLT) declared the resolution plan by Wadhwa Buildcon LLP's promoters invalid, citing conduct issues by the Resolution Professional (RP) and the promoters being declared wilful defaulters. Bank of India, the company's financial creditor, raised concerns about irregularities in the approval process, leading to the plan's rejection. NCLT found the voting dynamics skewed, favoring homebuyers over financial creditors due to RP's actions.

Mumbai , Maharashtra , India , Ankit-wadhwa , Madhu-sinha , National-company-law-tribunal , Wadhwa-buildcon , Committee-of-creditors , Resolution-professional , Commercial-wisdom- , Reeta-kohli , Bankruptcy-code

NCLT rejects promoter's resolution plan in Wadhwa Buildcon insolvency matter, ET RealEstate

Wadhwa Buildcon: The matter, brought by the company’s financial creditor Bank of India, highlighted various irregularities in the approval process of the resolution plan, ultimately leading to its rejection.

India , Mumbai , Maharashtra , Madhu-sinha , Ankit-wadhwa , Wadhwa-buildcon , Committee-of-creditors , National-company-law-tribunal , Resolution-professional , Commercial-wisdom- , Reeta-kohli , Bankruptcy-code

Dae (Sy 22) 13 Ireland Designated ... vs Go Airlines (India) Ltd. on 7 March, 2024

Dae (Sy 22) 13 Ireland Designated ... vs Go Airlines (India) Ltd. on 7 March, 2024
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Delhi , India , Ireland , Pratiksha-mishra , Pratibha-agarwal , Pai-amit , Diwakar-maheshwari , Jayant-mehta , Dae-sy , Ameya-gokhale , Chiranjivi-sharma , Priyam-jinger

ALB ASIA JANUARY FEBRUARY 2024 (INDIA EDITION)

JAN FEB 2024 India is poised to sustain its economic growth momentum in the fiscal year 2025, anticipating a growth rate of around 7 percent. The country’s

China , Mumbai , Maharashtra , India , Japan , Manchester , United-kingdom , Pune , Bristol , City-of , Delhi , United-states

NCLT Kolkata, Resolution Plan, Promoter Liquidation Application, Simplex Projects Limited

NCLT Kolkata, Resolution Plan, Promoter Liquidation Application, Simplex Projects Limited
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India , Kanishka-prasad , Niharika-singh , Dwaipayan-basu-mallick , Keshav-tibarewalla , Swita-chakrkaborty , Wasim-akram , Rishav-banerjee , Shreya-chandhok , Sudarshan-das-mundhra , Aditya-vikram-singh , Varun-kothari

During Pendency Of Liquidation Application, NCLT Kolkata Directs CoC To Re-Vote On Promoter's Rejected Resolution Plan, Since Plan Value Has Been Increased

The National Company Law Tribunal (“NCLT”), Kolkata Bench, comprising of Smt. Bidisha Banerjee (Judicial Member) and Shri Arvind Devanathan (Technical Member), has directed the Committee of...

India , Rishav-banerjee , Niharika-singh , Dwaipayan-basu-mallick , Shreya-chandhok , Aditya-vikram-singh , Wasim-akram , Kanishka-prasad , Sudarshan-das-mundhra , Varun-kothari , Swita-chakrkaborty , Keshav-tibarewalla