The National Company Law Appellate Tribunal (NCLAT) has quashed the ongoing liquidation of ailing cable maker Incab Industries and has ordered that a resolution process under the Insolvency & Bank...

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...

Former RBI governor D. Subbarao made a strong case for setting up a bad bank, saying it is “not just necessary but unavoidable” in the present circumstances when NPAs are likely to balloon...

The moratorium on loans to businesses and retail borrowers in financial stress after the outbreak of the pandemic draws to a close by the end of the month. With still no indication of when the crisis ...

The last worldwide economic crisis in 2008 was supposed to have been triggered by the free-wheeling liberalisation of rules and regulations governing American banks and financial institutions by Alan ...

Kumar Mangalam Birla continues to remain a “promoter” of Kesoram Industries Ltd, despite writing to market regulator Sebi to change his status to a public shareholder five months ago.The chairman ...

Allowing an appeal of Jindal Steel and Power, the National Company Law Appellate Tribunal (NCLAT) has held Arun Kumar Jagatramka, the former promoter of Gujarat NRE Coke, not eligible to negotiate wit...

Dalmia Bharat plans to punch holes in the judgment delivered by the company appellate tribunal validating a rival bid for bankrupt Binani Cement by litigating at least on four counts when the Supreme ...

Promoters’ holding in two key manufacturing companies of Williamson Magor Group — Eveready Industries and McLeod Russel India Ltd — witnessed a sharp decline in the first six months of the fisc...

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...