Search For "corporate insolvency"
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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Baijayant Panda to chair Select Committee on IBC Amendment Bill
Updated : 5 months, 1 week ago IST
Bharatiya Janata Party MP Baijayant Panda has been appointed as the Chairperson of the Select Committee of Lok Sabha on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025.
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Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low
Updated : 9 months, 3 weeks ago IST
Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA.
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Corporate bankruptcies rise sharply in Austria in Q1 2025
Updated : 10 months, 3 weeks ago IST
Austria saw a sharp 8 per cent rise in corporate bankruptcies in Q1 2025, with 2,004 companies filing for insolvency and EUR 19 billion in financial liabilities, affecting around 25,000 jobs and raising concerns about the country's economic trajectory.
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Sangamam Power Projects to Retain 1200 Employees of Karvy Data Management
Updated : 1 year, 2 months ago IST
Hyderabad (Telangana) [India], December 27: In a significant development, the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Sangamam Power Projects, a leader in sustainable energy solutions, to acquire Karvy Data Management Services Limited (KDMSL) and it
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Lasa Supergenerics Limited Announces Successful withdrawal of Application
Updated : 1 year, 4 months ago IST
Mumbai (Maharashtra) [India], November 14: Lasa Supergenerics Ltd., a leading innovator in a vertically integrated group spanning the entire animal and human healthcare value chain, announces Insolvency Application which was filed by Financial Creditor (Bank of Baroda) against the company st
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Cases under IBC closed through approval of resolution plans jump to 29 per
Updated : 1 year, 11 months ago IST
This uptick in resolutions is attributed to various structural improvements initiated by the Insolvency and Bankruptcy Board of India (IBBI), indicating positive momentum in the resolution landscape.
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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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