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Ibc: IBC is not a...

NEW DELHI: The Insolvency & Bankruptcy...

Axis Finance challenges NCLT’s nod...

Axis Finance has filed an appeal...

Ibc: IBC is not a recovery mechanism, says NCLAT

NEW DELHI: The Insolvency & Bankruptcy Code (IBC) is "not a recovery mechanism", observed the National Company Law Appellate Tribunal (NCLAT), while dismissing a plea against United Telecoms filed by one of its operational creditors. This is the second such observation from the Chennai bench of the insolvency appellate tribunal this month, after declining to entertain the petition from operational creditors. Earlier, it had refused to entertain an insolvency petition against Wipro after observing that the bankruptcy law cannot be used as a means to recover debt against...
Karl Jörg -
Business Profiles

Ibc: IBC is...

NEW DELHI: The Insolvency & Bankruptcy Code (IBC) is "not a recovery mechanism", observed the National Company Law Appellate Tribunal (NCLAT), while dismissing...
Karl Jörg -
Uncategorized

Axis Finance challenges...

Axis Finance has filed an appeal in the National Company Law Appellate Tribunal (NCLAT) against the National Company Law Tribunal’s (NCLT) nod to...
Karl Jörg -
Uncategorized

Future Retail: NCLT...

The National Company Law Tribunal (NCLT) has extended the deadline to September 15 for completion of the insolvency resolution process of debt-ridden Future...
Karl Jörg -
Uncategorized

HC stays NCLT...

The High Court of Gujarat has stayed the order passed by NCLT to initiate insolvency proceedings against Rasna. “Considering the overall facts and...
Karl Jörg -
Business Profiles

Promoters clear dues...

JAIPUR: Just the fear of losing control over one's company due to the Insolvency & Bankruptcy Code (IBC) has helped creditors, banks and...
Karl Jörg -
Uncategorized

Appu Hotels case:...

The Supreme Court has rejected a review petition filed by MGM Healthcare chairman MK Rajagopalan against its earlier order upholding the verdict of...
Karl Jörg -
Business Profiles

NCLT gives nod...

MUMBAI: A company law tribunal has approved the merger between Zee Entertainment Enterprises (Zee) and Sony Pictures Networks India (Sony), paving the way...
Karl Jörg -
Business Profiles

Sony: NCLT approves...

MUMBAI: The National Company Law Tribunal (NCLT) on Thursday allowed the merger of Zee Entertainment Enterprises Ltd and Culver Max Entertainment (earlier known...
Karl Jörg -
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