Bankruptcy News
Karnataka HC dismisses Qatar Holding’s plea against Byju Raveendran, but orders status quo on Aakash shares
Byju’s Global Pte Ltd had entered into a share security agreement with Qatar Holdings, supported by a personal guarantee from Raveendran, to fund its acquisition of Aakash Educational Services in 2021.
2 min read28 Apr 2025Do creditor committees in insolvency cases need an oversight body?
India’s record of cases under the Insolvency and Bankruptcy Code (IBC) reveals the need for a way to ensure more equitable resolutions. Speed is crucial too. Here’s a new rule we should adopt.
4 min read27 Apr 2025A series of court orders changed bankruptcy rules. Now, the govt is amending the law
While the IBC was enacted to create the most efficient framework in which every factor is aligned towards achieving the primary goal of quick debt resolution of a company in bankruptcy, policymakers believe some of the court rulings are not geared to achieve this goal.
4 min read14 Apr 2025NCLT dismisses insolvency plea against Zomato over alleged payment default
Business-to-business apparel manufacturer Nona Lifestyle sought to initiate insolvency proceedings against Zomato, claiming non-payment for uniforms and merchandise, including ICC World Cup 2023 apparel.
1 min read3 Apr 2025Scrapping a key bankruptcy rule may yield faster liquidation, better recovery
The provision to liquidate insolvent companies as a going concern was intended to save jobs and preserve value, but it merely encouraged lawsuits, attracted tainted owners, delayed liquidation and depressed asset values, say lawyers.
4 min read25 Mar 2025NCLAT junks bankruptcy case against Essar Oil and Gas Exploration
The appeals tribunal overturned an NCLT order that was based on a petition from Greka Green Solutions (India) Ltd, which claimed it was owed ₹24.38 crore.
2 min read19 Mar 2025After $70 mn in bank, e-commerce aggregator 10Club close to bankruptcy
The Bengaluru-based startup’s lack of success in orientating its business model towards stronger target markets and failure to pivot to an alternate strategy in time led to the current state of affairs.
3 min read19 Mar 2025IBBI asks resolution professionals to be more open about losses carried forward
Greater disclosures about ‘carry forward’ of past losses, which will lower future tax liability of the company, could result in more viable debt resolution plans.
2 min read18 Mar 2025Govt says 28,818 insolvency applications involving ₹10 lakh cr resolved under IBC
Govt says 28,818 insolvency applications involving ₹10 lakh cr resolved under IBC
2 min read17 Mar 2025AGS Transact Technologies faces insolvency over alleged unpaid dues: stock hits 5% lower circuit
Stock Market Today: `AGS Transact Technologies share price hit stock hits 5% lower circuit during the intraday trades on Monday. The company has intimated exchanges about a creditor filing an application before the NCLT- Mumbai Bench under section 9 of Insolvency and Bankruptcy Code
1 min read3 Mar 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared