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Mediation to lower burden for NCLTs & speed up resolutions, say lawyers

Published: February 22, 2024

Lawyers believe mediation will reduce burden on NCLTs, resolve disputes between operational creditors and defaulting companies faster, especially benefiting manufacturing and real estate sectors. An expert committee recommended voluntary mediation framework under IBC, settling 26,000 applications with Rs 9.33 lakh crore debt before admission at NCLT.

Source: indiatimes.com

BSE : Action against the Defaulting Companies for non-payment of Annual Listing Fees (ALF) – Equity Segment

Published: May 24, 2023

Equity Segment Content ... | June 11, 2023

Source: marketscreener.com

BSE : Action against the Defaulting Companies for non-payment of Annual Listing Fees (ALF) for the F.Y. 2022-23 – Equity Segment

Published: April 17, 2023

NOTICES Notice No. 20230417-49 Notice Date ... | April 17, 2023

Source: marketscreener.com

Bankruptcy will not void personal guarantees: Supreme Court

Published: May 22, 2021

India Business News: Banks can look forward to improved recovery prospects from promoters of defaulting companies who have provided personal guarantees for corporate loans