Tag: national company law tribunal
IBBI allows liquidators to modify stakeholder list on new information
New Delhi: The Insolvency and Bankruptcy Board of India has allowed liquidators to modify entries in the list of stakeholders when additional information is received…
Ola Electric confirms vendor lawsuits over dues, quality issues as shares fall 5%
Ola Electric has confirmed in an exchange filing that it is in an ongoing dispute with two of its component suppliers, after a media report…
NCLT to admit case only if debt, default established: Insolvency & Bankruptcy (Amendment) Act
The National Company Law Tribunal (NCLT) will admit a case only if the twin requirements of “debt” and “default” are established under the Insolvency and…
Government operationalises amended insolvency law, sets 14-day admission deadline for NCLT
New Delhi: The corporate affairs ministry has notified May 26 as the date for operationalising dozens of sections and clauses of the amended insolvency law,…
Government introduces bill to amend companies, LLP laws; proposes changes in CSR norms
New Delhi: To promote the ease of doing business and reduce compliance burden, the government on Monday proposed a raft of amendments to the companies…
FinMin advises banks to speed up IBC resolutions
The finance ministry has advised banks to take a collaborative approach in the resolution of pending Insolvency and Bankruptcy Cases (IBC) for asset value maximisation,…
NCLT approves SaaS startup MoEngage’s reverse flip plan
The National Company Law Tribunal has approved a plan by software-as-a-service startup MoEngage to shift its domicile from the US to India, according to an…
IBC has been a game-changer, transformed the insolvency landscape: DFS secretary
The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute…
Three-month timeline for NCLAT to improve quality of judgement: Baijayant Panda
New Delhi: The Parliamentary select committee’s proposal to stipulate a strict three-month timeline for the National Company Law Appellate Tribunal (NCLAT) to dispose of insolvency…
Panel seeks fast-track courts to expedite insolvency cases
The parliamentary standing committee on finance has called on the government to consider setting up special fast-track courts for a fixed time, on top of…