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BBCNEWS BBC News at Six July 6, 2024 - Vimarsana News

BBCNEWS BBC News at Six July 6, 2024

34 there is any chance of a resolution. 3a years after the hillsborough disaster police forces across england and wales apologise formally for how the families of the victims were treated. the imf forecasts the uk will perform worse than any other major economy next year. the search continues for a woman who went missing during a dog walk in lancashire last friday. had phone was found still connected to a work call. and later we will have sportsday. good evening and welcome to the bbc news at six. prepare for "significant disruption" — that's the warning from downing street with ar...

Bankruptcy court approves listed firm J Kumar Infraprojects' bid for Pranav Construction - Vimarsana News

Bankruptcy court approves listed firm J Kumar Infraprojects' bid for Pranav Construction

The tribunal, while setting aside the objection petition, observed that the successful bidder had offered a better plan as compared to the objector and more importantly, the committee of creditors, after keeping in mind all the factors such as feasibility and viability of the plan, has unanimously approved the plan. A total of 7,058 companies across sectors were brought into administration from the inception of the Insolvency and Bankruptcy Code in 2016 until September-end 2023, according to the latest data from the Insolvency and Bankruptcy Board of India.

Tuticorin Coal Terminal: NCLAT dismisses plea by Jindal Power - Vimarsana News

Tuticorin Coal Terminal: NCLAT dismisses plea by Jindal Power

Jindal Power wanted to be considered as an applicant for the acquisition of insolvent Tuticorin Coal Terminal Pvt Ltd. The NCLT had allowed Jindal Power to participate in resolution process only if its name appeared in final list of Prospective Resolution Applicants (PRA) prepared by the Committee of Creditors (CoC).

IBC- Properties Sold In Auction Sale Before Declaration Of Moratorium Can't Be Treated As Liquidation Asset : Supreme Court - Vimarsana News

IBC- Properties Sold In Auction Sale Before Declaration Of Moratorium Can't Be Treated As Liquidation Asset : Supreme Court

Recently, the Supreme Court (on December 06) observed that the properties of a defaulting borrower sold in an auction sale could not be treated as liquidation assets if the sale was concluded before...

Source: livelaw.in
Strengthening the debt resolution system for banks - Vimarsana News

Strengthening the debt resolution system for banks

In an interesting development, the debt resolution process in banks is further strengthened with the latest apex court verdict. The honorable Supreme Court upheld the constitutionality of the Insolvency and Bankruptcy Code (IBC) 2016 which...