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Latest Articles in Insolvency and Bankruptcy Code IBC

Videocon Industries Case: NCLAT Adjourns Hearing; Stay On Resolution Plan To Continue Till Sep 20

A two-member NCLAT bench comprising Justice J K Jain and A K Mishra said the interim order would continue till the next date of hearing, that is September 20.

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Financial Creditors Realised 36 % Of Their Total Claims Under IBC: Govt

The queries were about the total number of cases referred under the Code, number of cases resolved and the percentage of realisation of amount lent by financial institutions.

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Financial Creditor Plea For Insolvency Doesn't Get Time Barred Even If Filed After 3 Yrs: SC

The bench said that there is no bar in law to the amendment of pleadings in an application under Section 7 of the IBC, or to the filing of additional documents, apart from those initially filed along with application under the provision of the IBC in Form-1.

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Jaypee Infratech Shares Decline Nearly 5 % After Earnings Announcement

Jaypee Infratech clocked a net loss of Rs 1,963.39 crore, as against Rs 2,250.09 crore in the previous year.

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JIL Case: Suraksha Reaches Out To Homebuyers, Says Co Should Be First Preference, Not Standby Option

The CoC had rejected NBCC's bid citing non-compliance with certain provisions of the Insolvency and Bankruptcy Code (IBC) and a Supreme Court order, that was passed on March 24, in the JIL case.

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SC Ruling To Hold Personal Guarantor Accountable In IBC Cases To Aid More Recoveries, Resolutions: Experts

The verdict came on as many as 75 petitions, including some transfer petitions, filed by various firms and by those who had given their personal guarantees to the banks and FIs for loans advanced to companies.

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SC Upholds Centre''s Notification Permitting Banks To Proceed Against Personal Guarantors Under IBC

Upholding the validity of the notification, the top court ruled that initiation of an insolvency resolution plan for a company does not absolve corporate guarantees given by individuals from paying up the dues to financial institutions.

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IL&FS board upgrades estimates of debt addressed to over Rs 57,000 crore

IL&FS board upgrades estimates of debt addressed to over Rs 57,000 crore

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