Tag: nclt
NCLT initiates insolvency proceedings for Go First
The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s voluntary plea under the Insolvency and Bankruptcy Code (IBC) and awarded the airline bankruptcy…
ibc: Government mulls new framework to put IBC cases on fast track
The government is considering a creditor-led insolvency resolution mechanism under the bankruptcy law to fast-track settlement and ease the burden on the National Company Law…
Insolvency petitions against Go First to be heard on May 8
PTI | | Posted by Sreelakshmi B As Go First awaits the NCLT ruling on its voluntary insolvency resolution plea, the tribunal is set to…
Go First suspends sale of tickets till May 15; DGCA directs refund to passengers
Go First has informed the aviation regulator that they have suspended their sale of tickets till May 15, the Directorate General of Civil Aviation (DGCA)…
sitharaman: ET Awards: Honest taxpayers need to be appreciated but wrongdoers punished: FM Nirmala Sitharaman
Honest taxpayers need to be commended while those abusing the system should face action, finance minister Nirmala Sitharaman said at the Economic Times Awards for…
Insolvency resolution requires innovation; over regulation is not a solution: IBBI chief Ravi Mital
Amid instances of long delays in insolvency resolution process of various companies, IBBI chief Ravi Mital on Thursday said resolution requires innovation and “over regulation…
Surge in personal guarantor cases under IBC in FY23
Personal guarantors of loans taken by bankrupt companies are in the dock as lenders are increasingly invoking such guarantees under the Insolvency and Bankruptcy Code…
Farmers move NCLT over Bajaj Sugar insolvency process
A farmers’ body comprising sugarcane growers from Uttar Pradesh has approached the National Company Law Tribunal (NCLT) demanding a voice in the ongoing litigation between…
India Startup: Insolvency and Bankruptcy Code had big role to play in India’s startup culture: Justice SK Kaul
Justice Sanjay Kishan Kaul of the Supreme Court on Saturday said the Insolvency and Bankruptcy Code (IBC) has had a big role to play in…
According to Experts, ILC’s suggestions for the resolution process contain certain flaws
According to a report by the Insolvency Law Committee (ILC), pursuing legal action against erroneous or fraudulent transactions even after the corporate resolution procedure is…