The economy is likely to be severely affected by the COVID-19 pandemic as well as from the ensuing lockdown, and there is a likelihood of defaults in the Micro, Small and Medium Enterprises (MSME) space.

Dhoot’s fortunes went downhill after debt of the Videocon group started to spiral out of control

In August last year, Bank of India (BOI) approached the Mumbai bench of the NCLT claiming that HDIL had failed to repay its dues amounting to Rs 522 crore, upon which the tribunal admitted the case under section 7 of the Insolvency and Bankruptcy Code (IBC).

Of this, 1,604 cases have been settled by the tribunals across the country by finding a new buyer, commencing liquidation, or allowing voluntary withdrawals

The committee of creditors is yet to approve either of the two resolution plans that the Era Infra resolution professional has received so far - the reason being legal disambiguity of the resolution plans submitted

The RBIs opposition to ARCs becoming resolution applicants (RA) could scuttle not just the Aircel plan but that of others such as Reliance Communications (RCom) as well. This would hurt state-run banks such as SBI, since they are the biggest lenders to companies…

At least a dozen big-ticket cases with total debt in excess of Rs 99,700 crore have been stuck for up to three years now due to legal challenges.

A three-member NCLAT bench said the sanctity of resolution process has to be maintained and such withdrawal by a successful bidder "frustrate" the entire exercise of Corporate Insolvency Resolution Process (CIRP).

The threshold of Rs 1 crore is not only eroding borrowers’ fiscal discipline but also is effectively closing the option of approaching the NCLT for MSME operational creditors owed smaller amounts that are crucial for their survival

Stock in Mumbai-listed Jet Airways India Ltd. has surged almost 150% this year versus a 42% plunge in the 27-member Bloomberg World Airlines Index, which comprises the globes biggest carriers.

The Supreme Court recently held that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) will be applicable to co

For companies undergoing insolvency and seeking relisting, Sebi said such companies will be mandated to have at least 5 per cent public shareholding at the time of their beginning of trading on the stock exchanges

Vedanta’s takeover of 13 companies offers electronics major Videocon a lifeline, but it may not be enough for the beleaguered group

Misha, partner at Shardul Amarchand Mangaldas, said that the initial delay in the processes was caused on account of certain unsettled issues of interpretation and the ecosystem becoming familiar with the processes.

Debt-ridden mortgage lender DHFL Ltd on Sunday said the Committee of Creditors (CoC) has approved resolution plan submitted by Piramal Capital and Housing Finance Limited

The threshold is the requirement that there should be at least 100 allottees or 10 per cent of the total allottees, whichever is less, to support an insolvency application against a real estate project

Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

“In this 14th meeting of the committee of creditors, the resolution for liquidation of the company was put to vote through e-voting as resolution plan was not submitted by any of the prospective resolution applicants despite repeated efforts, ” the company…

Coffee Day Enterprises on April 6 said its total indebtedness was Rs 518 crore.

The liquidation value of Videocon Industries and its 12 group companies was Rs 2,568.13 crore and fair value of the assets was Rs 4,069.95 crore. While the bid amount submitted by Twin Star Technologies in the resolution plan was Rs 2,962.02 crore.