Resolution Professional News
Jet’s lenders approve Kalrock Capital-Murari Jalan’s plan to revive airline
Resolution professional Ashish Chhawchharia said that the proposal was selected after voting concluded Oct. 17The other consortium comprised Haryana-based Flight Simulation Technique Centre, Mumbai-based Big Charter and Abu Dhabi’s Imperial Capital Investments LLC
1 min read18 Oct 2020NCLAT queries Liberty House on its Amtek Auto bid
The appellate tribunal has also asked the Committee of Creditors (CoC) if it has a higher bid for Amtek Auto other than that of Liberty House or not
1 min read8 Jan 2019Sterling RP moves NCLT for possession of assets
Vishal Jain, the resolution professional for Sterling SEZ and Sterling International, has told the NCLT that it would be impossible to proceed with the resolution process without the assets
2 min read15 Nov 2018Bad debt clean-up is a risky business
The stakes are so high and the pressures so many that brokers have begun offering bankruptcy professionals special insurance plans, including one that covers counselling costs for psychiatric trauma or personal accident
5 min read27 Jul 2018NCLT allows extension of the deadline to evaluate bidders of Mandhana Industries
NCLT allows Mandhana Industries’s RP to exclude the time between the admission of insolvency petition from the date of uploading an order, which will pave the way for lenders to evaluate the bids to acquire the firm
2 min read23 Jun 2018NCLT reserves order on Jyoti Structures’ resolution plan
Jyoti Structures’ owes around 8,000 crore to a consortium of lenders and was on the first list of the 12 large accounts referred by the RBI for resolution under the IBC
1 min read21 Jun 2018Bankruptcy code must include buyers
The Insolvency and Bankruptcy Code, 2016 is open for comments till December; the amendments will get enforced from 1 April 2019. Ashwini Kumar Sharma asked experts on what should be changed
6 min read21 May 2018NCLAT bars Binani resolution professional from seeking opinion on eligibility of applicants
NCLAT asks Binani Cement’s resolution professional to submit revised resolution plans for the corporate debtor in a sealed cover before the Committee of Creditors
1 min read15 May 2018NCLT reserves order on resolution professional plea against ICICI Bank in Ruchi Soya case
The resolution professional is seeking NCLT’s intervention to bring back around Rs48 crore that ICICI Bank had paid towards a letter of credit from Ruchi Soya’s current account
1 min read2 May 2018Insolvency may suspend many rights but not the minority’s right to disclosures
Minority shareholders should know the deal structure, including details such as fund infusion, capital restructuring, and conditions imposed on the company
3 min read4 Apr 2018Popular 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