Search For "insolvency resolution process"
DGCA issues show cause notice to Go First for its failure to continue oper
Updated : 2 years, 10 months ago IST
The airline operator has been asked to submit their reply within 15 days of the receipt of the notice, and further decision on the continuation of their Air Operators Certificate (AOC) will be taken on the basis of the reply submitted by them.
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Cyril Amarchand Mangaldas advises APSEZ on acquisition of KPPL under IBC
Updated : 2 years, 11 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], April 11 (ANI/BusinessWire India): Cyril Amarchand Mangaldas acted as legal counsel for Adani Ports And Special Economic Zone Limited (APSEZ), in relation to the acquisition of Karaikal Ports Private Limited (KPPL), a company undergoing corporate inso
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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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NTPC acquires Jhabua Power Ltd through corporate insolvency resolution rou
Updated : 3 years, 6 months ago IST
New Delhi [India], September 6 (ANI): NTPC Ltd, an integrated power producer, has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT).
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Insolvency and Bankruptcy Board regulations amended
Updated : 3 years, 9 months ago IST
New Delhi [India], June 16 (ANI): The Insolvency and Bankruptcy Board of India has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016, the Ministry of Corporate Affairs said on Wednesday.
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Cyril Amarchand Mangaldas advises Nithia Capital and Jai Saraf in relation
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra)/New Delhi [India], May 30 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the legal counsel to Nithia Capital Resources Advisors LLP and Jai Saraf ("Resolution Applicants") in connection with the submission, negotiations with the committee of creditors and implementat
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Creditors realise 221 per cent of liquidation value through insolvency res
Updated : 4 years ago IST
New Delhi [India], March 15 (ANI): Financial creditors realised 221 per cent of liquidation value and 51 per cent of admitted claims through the corporate insolvency resolution process, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
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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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Cyril Amarchand Mangaldas advises on corporate insolvency resolution proce
Updated : 4 years, 9 months ago IST
New Delhi/Mumbai [India], June 22 (ANI/NewsVoir): Cyril Amarchand Mangaldas (Firm) acted as the legal counsel to Committee of Creditors (CoC) of Dewan Housing Finance Corporation Limited (DHFL) on DHFL's corporate insolvency resolution process. The CoC of DHFL comprises of banks, financial i
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Parliament passes bill to amend Insolvency and Bankruptcy Code
Updated : 5 years, 6 months ago IST
New Delhi [India], September 21 (ANI): The Parliament on Monday passed a bill that temporarily suspends initiation of corporate insolvency resolution process under the IBC, for a period not exceeding one year from March 25, to provide relief to companies affected by COVID-19 to recover fr
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IBBI amends CIRP regulations to provide relief amid lockdown
Updated : 5 years, 12 months ago IST
New Delhi [India], Mar 31 (ANI): To address the difficulty faced by the lockdown due to COVID-19, the Insolvency and Bankruptcy Board of India (IBBI) amended the Corporate Insolvency Resolution Process (CIRP) regulations to provide relief in the corporate insolvency resolution process.
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Union Cabinet clears proposed change to Insolvency and Bankruptcy Amendmen
Updated : 6 years, 2 months ago IST
New Delhi [India], Jan 9 (ANI/NewsVoir): Recently the Union Cabinet has cleared a proposed change to Section 7 of the Insolvency and Bankruptcy Amendment Bill (2019) which suggests that at least 100 or 10 per cent of the total buyers, whichever is lower in a real estate project will have to
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