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Future Retail, the debt-ridden company once owned by Kishore Biyani-led Future Group, is now facing liquidation as its lenders could not find a suitab

Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation as its lenders could not get any reasonable buyer of the debt-ridden firm. As the Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra after four extensions in

New Delhi: The Supreme Court on Thursday upheld certain key provisions of the Insolvency and Bankruptcy Code (IBC) which were challenged on grounds of being violative of fundamental rights like the right to equality of those against whom insolvency proceedings are initiated. The top court upheld the constitutionality of some amendments made to the IBC in 2019 pertaining to the Personal

New Delhi, Nov 8 (IANS) The Supreme Court on Thursday refused to read down several key provisions of the Insolvency and Bankruptcy Code (IBC) pertaining to the personal guarantors' Insolvency Resolution Process.

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...