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Corporate Insolvency Resolution Process Cirp
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

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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