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Latest Articles in Insolvency

NCLT Orders Insolvency Proceedings Against MGF Developments

The Vilas Condominium Association, consisting of homebuyers having 327 units, had alleged the amount of Interest-Bearing Maintenance Security (IBMS) collected from them has not been refunded to them.

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Duncans Industries’ Tea Garden Workers File Claims Worth Rs 1,538 Cr Before NCLT

Paschim Banga Khet Majoor Samity (PBKMS) said it has supported 54,250 workers from nine Duncans Industries' gardens in Alipurduar and Jalpaiguri to file a claim of Rs 1,538.76 crore.

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Greensill Insolvency: Cautionary Tale for Indian Fintech

The government should consider giving the same weight to RMS as to statutory audits. These two steps will reduce, if not totally prevent excesses to a large extent.

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Jaypee Infratech Insolvency: Financial Creditors To Meet On Apr 29 To Discuss NBCC, Suraksha Bids

NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court.

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Jaypee Infra Insolvency: Lenders Ask NBCC To Take Govt, Regulatory Nod On Resolution Plan

NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire debt-laden Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court.

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Slot Allotment Issue Expected To Be Resolved Soon: Jet Airways' Stakeholders Tell NCLT

The consortium had sought the tribunal's permission to enter into a dialogue with the ministry and DGCA to resolve the issue of allotment of slots at airports.

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Jet Airways Stock Jumps 5 % As Jalan Kalrock Consortium Expects To Restart Jet In 4-6 Months

Jet Airways, the once-storied full-service carrier was grounded in early 2019 and subsequently is undergoing proceedings under the Insolvency and Bankruptcy Code (IBC).

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