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The Committee of Creditors (COC) of Reliance Capital, which met on Friday to decide on the Challenge Mechanism process, remained divided and undecided on the modalities of the proposed process to be adopted in the bidding process.The COC failed ...
The Committee of Creditors (CoC) of Reliance Capital (RCAP) is scheduled to meet on Friday to decide on the newly-introduced clause, Challenge Mechanism, in the final binding process.Notably, bidders like Piramal, Hinduja, Torrent, Zurich, ...
Pipavav Shipyard, the largest drydock of India is undergoing CIRP for last more than two years, i.e. January 2020.Hazel Mercantile Limited, in consortium with Swan Energy Limited, is one of the Resolution Applicants and they had filed their ...
Pipavav Shipyard, the largest drydock of India is undergoing CIRP for last more than two years, i.e
Synopsis The Code emphasizes on reorganization and insolvency resolution of the Corporate Debtor, while maximizing the value of assets of the CD and promoting entrepreneurship, availability of credit and balancing the interests of all stakeholders. iStock When the Code was introduced it took time to settle before it was used cautiously by the creditors especially operational creditors. The Government of India by way of an ordinance on April 4 2021 amended the Insolvency and Bankruptcy Code 2016 (Code) and has introduced the concept of Pre-Packaged Insolvency Process (PPIP) and the mode and ...