Search For "cirp"
Proposed IBC amendments positive but miss real estate sector reforms: ICRA
Updated : 2 months, 2 weeks ago IST
The proposed amendments to the Insolvency and Bankruptcy Code (IBC) are encouraging. They could help improve recovery rates and reduce resolution timelines. Still, credit rating agency ICRA noted that the changes do not address long-standing structural issues in the real estate sector, which
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Majority assets provisionally attached by ED pertain to Reliance Communica
Updated : 3 months, 1 week ago IST
According to the company's release, Reliance Communications has been undergoing the Corporate Insolvency Resolution Process (CIRP) and is currently managed entirely by the Resolution Professional, under the supervision of the NCLT and its Committee of Creditors (CoC), led by the State Bank o
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DFS secretary M Nagaraju chairs review meeting to discuss issues related t
Updated : 3 months, 2 weeks ago IST
Progress on the cases that were admitted at NCLT, those which were resolved at NCLT and the ones disposed off outside the IBC was acknowledged. The review of major cases awaiting admission and resolution at the NCLT benches was undertaken. Secretary (DFS) emphasised that the timelines in
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IBC amendment bill select committee to present report in Parliament Winter
Updated : 3 months, 3 weeks ago IST
"Very good progress, very good participation from the members," Panda told ANI here.
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Reliance Group led by Anil Ambani distances itself from EDs asset attachme
Updated : 3 months, 3 weeks ago IST
RCOM is undergoing the Corporate Insolvency Resolution Process (CIRP) under the supervision of the National Company Law Tribunal (NCLT) and the Supreme Court, and is managed by a Resolution Professional appointed by lenders led by State Bank of India.
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ED restitutes assets worth Rs 4025 cr to JSW
Updated : 1 year, 3 months ago IST
The Directorate of Enforcement (ED) restituted assets worth Rs 4,025 crore to JSW, which was a Successful Resolution Applicant to the assets of erstwhile Bhushan Power and Steel Ltd under the Insolvency and Bankruptcy Code (IBC) corporate resolution process (CIRP).
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Indian Institute of Corporate Affairs (IICA) inaugurates sixth batch of fl
Updated : 1 year, 8 months ago IST
In his inaugural address as the Chief Guest, Justice S Ravindra Bhat highlighted the journey of IBC over the last eight years and compared the objectives of IBC, 2016 with RDB Act 1993 and SARFEASI Act 2002 and how the earlier laws were fragmented. The role of NCLT, NCLAT, CIRP, the role of
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Cyril Amarchand Mangaldas advises on CIRP of Sharon Bio-Medicine
Updated : 2 years, 7 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], August 2: Cyril Amarchand Mangaldas acted as legal counsel for Resolution Professional (RP) and Monitoring Committee of Sharon Bio-Medicine Limited in the corporate insolvency resolution process (CIRP) of Sharon Bio-Medicine Limited (Sharon), a listed
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Cyril Amarchand Mangaldas advises JSW Steel Coated Products on CIRP of Nat
Updated : 2 years, 8 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], July 7: Cyril Amarchand Mangaldas advised and represented JSW Steel Coated Products Limited (JSW Steel Coated Products) in connection with the submission and implementation of a resolution plan for National Steel & Agro Industries Limited ("Target
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SMBC Aviation Capital challenges NCLT order protecting Go First from recov
Updated : 2 years, 10 months ago IST
On Wednesday, the NCLT admitted Go First's plea for voluntary insolvency and admitted for the initiation of Corporate Insolvency Resolution Process (CIRP) proceedings. NCLT has granted Go First protection under a moratorium from recovery by lessors and lenders.
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Tribunal approves acquisition of Karaikal Port by Adani Ports and Special
Updated : 2 years, 11 months ago IST
Earlier, APSEZ was declared as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of KPPL. The amount considered for the acquisition is Rs 1,485 crore.
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Insolvency proceedings against Reliance Capital begin; RBI files applicati
Updated : 4 years, 3 months ago IST
New Delhi [India], December 3 (ANI): The Reserve Bank on Thursday filed an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) against Reliance Capital under sections of Insolvency and Bankruptcy Code, 2016 at the Mumbai Bench of the National Company Law Trib
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