Page 27 - Resolution Professional News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The development comes within a fortnight of the lenders issuing a legal notice to Iyer for putting on the block inventories of Future Retail without seeking their approval. At a voting held on September 30, majority lenders rejected Space Mantra's '550-crore plan for Kishore Biyani-promoted Future Retail. Despite five weeks having passed, Iyer has not filed an application for liquidation before the National Company Law Tribunal (NCLT).

This discussion paper, inviting comments from stakeholders, seeks to implement the recommendations made by the committee on stalled real estate projects chaired by Amitabh Kant. This stems from the logistical impediments and shortcomings of the statutory framework faced by the insolvency processes of real estate companies, said legal experts.

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.A bench, headed by CJI D.Y. Chandrachud, upheld the ...

The court has rejected challenges by many prominent industrialists such as Anil Ambani to some provisions of the Insolvency and Bankruptcy Code (IBC) alleging that they were violative of fundamental rights.

A bench led by CJI Dhananjaya Y Chandrachud held that the impugned provisions are bereft of any illegality and augur well with the legislative intent of the Insolvency and Bankruptcy Code, (IBC) 2016 | Latest News India