Tag: insolvency
Byju’s US lenders removed from creditor panel by court-appointed Indian official
US lenders to Byju’s were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company…
US judge rejects Byju’s US lender GLAS Trust’s effort to stop payment to BCCI
A US Judge refused to block a debt payment which could free troubled edtech major Byju’s from its insolvency case in India, Bloomberg reported, adding…
Bankruptcy: IBBI issues guidelines for creditors in insolvency process
The Insolvency and Bankruptcy Board of India (IBBI) the regulator for bankruptcy proceedings in the country has issued 15 point guidelines to the committee of…
Dream 11: NCLAT asks IRP of Dream 11 not to take steps for insolvency
The National Company Law Appellate Tribunal has directed the interim resolution professional of Sporta Technologies, which operates the fantasy sports platform Dream 11, not to…
Dream11 insolvency: NCLAT tells IRP to take no further steps in Dream11 insolvency; NCLT order to remain for now
The National Company Law Appellate Tribunal, Thursday, noted that the order passed by the National Company Law Tribunal to initiate insolvency proceedings against the parent…
ibc: Since launch, IBC has resolved 72% of distressed asset cases
The bankruptcy code has rescued 72% of the distressed assets since it came into being in 2016, though half of them ended in orders of…
insolvency: IBBI prepares list of 400 insolvency professionals for easy pickings
In a first for the country’s bankruptcy resolution regime, the insolvency regulator has prepared a “common panel” of 400 insolvency professionals (IPs) from those registered…
insolvency: IBBI to form ‘common panel’ of insolvency professionals
The bankruptcy regulator will prepare a “common panel” of insolvency professionals (IPs) from those registered with it and share the list in advance with the…
NCLT approves 180 resolution plans in FY23, totalling Rs 51,424 crore
Insolvency tribunal NCLT approved 180 resolution plans in FY23, making it the highest-ever annual number so far. With this, NCLT has clocked in a total…
Suniel Shetty’s food delivery app to high air fares: All in business this week
In the wake of the Go First airline crisis, Spicejet said in a statement that it has no plans whatsoever to file for insolvency. The…