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SC quashes Bombay HC order, says spl court presided over by sessions...
A bench of Justices B R Gavai and Sandeep Mehta said the HC had "grossly erred" in quashing the complaint only on the ground that it was filed before...
Real estate insolvency resolution on the rise, but challenges remain
Real estate sector on a reported basis accounted for more than 50 per cent of the total realizations under Insolvency and Bankruptcy Code (IBC)....
Creditors recover Rs 3trn via IBC
Resolutions under insolvency law likely to touch 300 this year: IBBI chief
IBC brought behavioural change among borrowers, says SBI MD
The biggest change IBC has brought in the system is that NPA or a default is no longer a bank problem and it has now become the borrower’s problem, he...
Unions turn against concessions to willful defaulters
Insolvency and Bankruptcy Code has become a method to loot public money because banks incur huge haircuts and sacrifice in these deals: AIBEA
Go First missed its financial obligations: P&W
With the Wadia group’s low cost Go Airline (India) Ltd (Go First) squarely blaming engine supplier, the US-based Pratt & Whitney for its financial...
Go First insolvency triggers fare rise
Crisis-hit airline cancelled flights for 3 days from May 3; It’ll reduce capacity and air fares will rise on routes where Go First was flying: IATA
Reliance Capital resolution deadline extended to July 16
The 90 days deadline extension was necessitated as the lenders decided to hold a second round of auction on April 26 in order to maximise the recovery...