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Corporate Insolvency Resolution Process Cirp
Business  /  Published 17.12.20

Sebi prop for mutual funds

The Securities and Exchange Board of India (Sebi) on Wednesday relaxed the profitability criteria for the sponsors of mutual funds apart from ringfencing the assets and liabilities of mutual fund sche...
By Our Special Correspondent in Mumbai

Business  /  Published 04.09.20

Clarity on insolvency

The National Company Law Appellate Tribunal (NCLAT) has said insolvency proceedings cannot be triggered on the basis of debt that has been converted into capital such as equity of a company. The appe...
By PTI in New Delhi

Business  /  Published 10.11.19

Aviva Life faces insolvency test

The National Company Law Tribunal has admitted a petition to initiate a bankruptcy process against private life insurer Aviva Life Insurance Co India Ltd.The New Delhi bench of the tribunal passed the...
By Sambit Saha in Calcutta

Business  /  Published 11.12.19

Cabinet okays insolvency rule rejig

The Union cabinet has approved a major overhaul of the Insolvency & Bankruptcy Code, 2016, by proposing to amend as many as 12 sections and inducting a new one, encompassing several crucial subjec...
By Our Special Correspondent in Calcutta

Business  /  Published 10.03.19

Second lifeline for sick firms

The Centre has proposed to come out with a fresh set of regulations to prevent sick companies from going bust even if attempts to revive them fail during a resolution process under the Insolvency &...
By Sambit Saha in Calcutta

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India  /  Published 23.06.19

Insolvency proceedings initiated against Jet Airways

Insolvency proceedings have been initiated against debt-ridden Jet Airways, which formally stopped flying on April 17 and saw lenders voting for bankruptcy earlier this month.The cash-strapped company...
By PTI in New Delhi

Business  /  Published 08.09.19

Debt recast prescribed for McLeod

ICICI Bank, the lead lender to troubled bulk tea producer McLeod Russel India Ltd (MRIL), has appointed SBI Capital Markets to carry out a comprehensive restructuring of McLeod’s debt .SBI Caps is m...
By Sambit Saha in Calcutta


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