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NCLAT stays order on MGM Healthcare's acquisition of Appu Hotels

NCLAT stays order on MGM Healthcare's acquisition of Appu Hotels
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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NCLT clears ₹423-cr resolution plan for Appu Hotels - The Hindu BusinessLine

NCLT clears ₹423-cr resolution plan for Appu Hotels - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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IBC: Can pre-packaged insolvency resolution under IBC be helpful for MSMEs?

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.
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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 manner to initiate the same.
At present the concept PPIP introduced will only be applicable in case of Micro, Small and Medium Enterprises (MSME). As stated in the objective of the ordinance, the PPIP for MSME have been introduced to provide them an efficient alternative insolvency resolution process so that value maximization, which is the main objective of the Code is ach ....

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Praca Data Visualisation/Full Stack Senior Software Developer - oferty pracy Wroclaw

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Classification as fraud account unjustified: RCom

Classification as fraud account unjustified: RCom
In the case of Reliance Infratel, Reliance Jio unit Reliance Digital Platform is the successful Resolution Applicant and lenders will get Rs 4,400 crore from the implementation.
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By Express News Service
NEW DELHI: After several Indian banks marked the loan accounts of Reliance Communications Ltd and two other subsidiaries as fraudulent, the bankrupt Anil Ambani-led firm released a statement Wednesday calling the classification as “entirely unjustified”.
The Delhi High Court on Tuesday had directed two of these banks Union Bank of India and Indian Overseas Bank to maintain the status quo regarding the classification, after RCom and its subsidiary Reliance Telecom Ltd challenged the move. ....

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