On Monday, the NCLT also asked all parties to file their replies concerning allegations that former resolution professional ...

Navigating the complex world of insolvency and bankruptcy can be a challenging task as different countries have different ...

Creditors have recovered Rs 3.58 lakh crore through resolution of 1,119 cases under the insolvency law till December 31, 2024 ...

An efficient bankruptcy system will free up capital, allowing better production, employment, and growth prospects, it said, ...

With the advent of Insolvency and Bankruptcy Code, 2016 [“IBC”], the corporate insolvency resolution in India has significantly improved, offering an increased ...

Under the IBC, an application for withdrawal of the insolvency process can be accepted by the NCLT if 90% or more of the ...

The Insolvency and Bankruptcy Board of India (IBBI) has made it mandatory for insolvency professionals to report their ...

One of the important changes empowers resolution professionals after obtaining approval of the Committee of Creditors and ...

This would benefit creditors in long-running cases like KSK Mahanadi, under CIRP since October 2019. IBBI has asked ...

Citing data from the Insolvency and Bankruptcy Board of India, Minister of State for Corporate Affairs Harsh Malhotra told ...

Creditors have recovered Rs 3.58 lakh crore through resolution plans under India's insolvency law, according to official data ...