Stay updated with breaking news from Gaggar associates. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Liquidators now required to put stakeholders list on IBBI website K.R.Srivats New Delhi | Updated on March 05, 2021 Insolvency regulator’s move to usher in transparency, say experts Insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) has now stipulated that liquidators must submit the list of stakeholders category-wise and on the basis of proof of claims submitted in a liquidation process on the electronic platform of the Board for dissemination on its website. This will have to be done apart from filing such a list with the Adjudicating Authority (NCLT) within fortyfive days from the last date for receipt of the claims. ....
JSW’s conditional acquisition plan gets the nod of Bhushan Power and Steel lenders March 06, 2021 A file photo of the Bhushan Steel plant in Odisha - STRINGER/INDIA× RELATED CoC will refund ₹19,350 crore to JSW if the ED plea to attach Bhushan Power assets is upheld by SC In a first of its kind deal, the Committee of Creditors of Bhushan Power and Steel has cleared the JSW Steel proposal to pay the bid amount of ₹19,350 crore to acquire the company even as the Supreme Court is seized of the matter. The apex court is yet to dispose of an appeal filed by the Enforcement Directorate seeking to attach the stressed assets as part of its investigation against Bhushan Power and Steel’s former owners. ....