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Prospective bidders have been given time until December 23 to submit fresh resolution plans with January 2, 2024 being set as the date for issuing the provisional list of prospective applicants., documents accessed by ET showed.
The Insolvency and Bankruptcy Board of India (IBBI) has amended norms pertaining to insolvency resolution process for personal guarantors and voluntary liquidation process. Changes have been made to the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors regulations and
The insolvency watchdog has amended regulations to allow the same insolvency professional to steer the resolution of a stressed firm as well as the bankruptcy proceedings of its personal guarantors. The removal of the restriction on such a dual role aims to better harmonize and effectively coordinate both processes.
Reliance defence & Engineering Ltd called rnaval established in 1997 by Nikhil prataprai Gandhi, Bhavesh prataprai Gandhi, is India's first private firm to get shipbuilding licence.
As a consequence of SC's decision not to entertain the plea, Airtel chose to withdraw its application.