insolvency
We are working out a mechanism where the resolution applicant, who through this entire court supervised process is acquiring a stressed asset as a going concern, will not be encumbered by the criminal liability relating to the company which has been caused by the previous management, an official said.
Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution
24 Nov 2019 5:28 PM

The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said.

In the first round of insolvency proceedings, the Rs 7,350 crore bid of Lakshdeep, part of Suraksha Group, was rejected by lenders.
Jaypee Infratech insolvency: Lenders to meet on Nov 18 to comply with SC direction
13 Nov 2019 9:30 AM

Jaypee Infratech, a subsidiary of Jaiprakash Associates, has an outstanding debt of nearly Rs 9,800 crore.

NCLT had barred Dutch Court Administrator from taking part in the Jet Airways insolvency proceedings in India. (Photo: File)
NCLAT allows Dutch court administrator to attend Jet Airways CoC meetings
26 Sep 2019 12:28 PM

One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.

Rejecting the contention that the amendment to the IBC empowering the homebuyers to initiate insolvency proceedings was violative of fundamental right to equality and right to profession, court said, “The Amendment Act to the Code does not infringe Articles 14, 19(1)(g) read with Article 19(6), or 300-A of the Constitution of India.”
Homebuyers can file insolvency cases: Supreme Court
10 Aug 2019 1:38 AM

The court described remedies under the Consumer Protection Act, 1986, and RERA as “concurrent remedies”.

Reliance Infratel, is a subsidiary of RCom, and is presently under corporate insolvency resolution process. (Photo: File | PTI)
NCLAT dismisses contempt petition against Anil Ambani over RCom payment default
23 Jul 2019 3:24 PM

A bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.

In the second round of bidding, the committee of creditors (CoC) had first rejected the resolution plan of Suraksha Realty and then voted against state-owned NBCC's offer.
Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for fresh bidding
17 Jul 2019 7:00 PM

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.

State Bank of India is only a lender to Jet Airways (India) Ltd and is not involved in or responsible for the management of the affairs of the said company, SBI told exchanges.
Jet Airways: Etihad's demands for open offer waiver, slots pledge not feasible: SBI
21 Jun 2019 10:58 PM

SBI-led consortium of 26 lenders had decided to seek resolution under IBC as they had received only a conditional bid.

The counsel further alleged that JAL is creating legal hurdles in the IBC proceedings.
Direct NCLT Allahabad for early hearing on insolvency plea against JAL: ICICI Bank
17 Jun 2019 1:45 PM

A single member NCLT bench of Justice Bansi Lal Bhat directed to list ICICI Bank's plea on July 1 for hearing.

The CoC is considering NBCC's offer after it rejected Mumbai-based Suraksha Realty's bid on May 3 through voting process under the insolvency law.
Jaypee Infratech insolvency: Lenders ask NBCC to withdraw some conditions
12 May 2019 2:37 PM

Lenders wrote a letter to NBCC late on Friday regarding this matter,

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