Stay updated with breaking news from Liquidation Process. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India Business News: New rules of IBBI exempt allotted property from liquidation process, providing relief to home buyers. Rules aim to improve insolvency resolution proce
Among the key amendments, the liquidator can reduce the reserve price by up to 25 per cent for assets with existing valuation of the Corporate Insolvency Resolution Process (CIRP) once during the liquidation process, provided it is approved by SCC.
Administration of JusticeIn the instant case, we find initiation of criminal proceedings before a forum which had no territorial jurisdiction by submitting incorrect facts and giving frivolous reasons...
This is the second company with Choksi as promoter to be admitted for liquidation. The first was Nakshatra World, another jewellery retailer that was admitted into liquidation in July 2021.
Among myriad litigations faced by a liquidator during the liquidation process of a corporate debtor, under the Insolvency and Bankruptcy Code, 2016 (Code), is a genre of challenges against the...