NCLT Mumbai held that since existence of financial debt and default thereon is established, application filed under section 9 ...

The new regulation allows possession of completed real estate units during insolvency, offering timely relief to compliant homebuyers without breaching the ...

The corporate insolvency resolution process (CIRP) of Byju’s has provided details about certain claims from its employees which helps in the understanding of the unpaid salaries and problems looming ...

As UK-based Liberty House failed to make the upfront cash payment of `410 crore even within the extended timeline, aggrieved lenders on Tuesday finally appealed before the National Company Law ...

Data of 947 resolved cases as of March 2024 indicates a direct correlation between the length of the CIRP and the recovery rate, he said. The delay in the corporate insolvency resolution process (CIRP ...

A whistleblower has alleged that accounting firm Ernst & Young (EY) had manipulated edtech firm BYJU's CIRP process. However, the most alarming revelation by the whistleblower is how a legitimate ...

NCLAT upheld Go Airlines' admission to the insolvency process but on other crucial questions raised by aircraft lessors the NCLT will first decide As beleaguered Go First shuts operations and ...

The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border ...

COVID-19 has retarded the momentum of wheels of the Indian economy, the corporates. The All India Association of Industries had estimated a loss of Rs 2,00,000 crore ($26.35 bn) by March 31, 2020 due ...