At the end of July, a one-time Indian alcohol tycoon named Vijay Mallya was declared bankrupt by a British court. This ruling will allow a consortium of 17 Indian banks to go after Vijay’s global assets and could potentially mean Vijay will be extradited back to his home country in the very near future. Vijay…
IFCI, Sidbi and Bank of Maharashtra have also filed an appeal in the NCLAT against VIL’s debt resolution, saying recovery is miniscule and it makes no sense to accept a 96% haircut TopicsVideocon Industries|NCLT Dev Chatterjee | Mumbai Last Updated at August 18, 2021 17:17 IST Delhi-based lender IFCI Ltd has moved the National Company…
Advertisement Mumbai: The National Company Law Tribunal (NCLT), Mumbai bench recently initiated corporate insolvency resolution process (CIRP) against Vijay Group Realty LLP for failing to pay a debt of around Rs one crore to a Thane-based financial creditor. The bench of H V Subba Rao, judicial member and Chandra Bhan Singh, technical member, allowed the…
Released 17 August 2021 Next release 17 September 2021 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries Becca Wedge-Roberts (author) [email protected] Kate Palmer (responsible statistician) 1. Main Messages for England and Wales The number of registered company insolvencies in July 2021 was 1,094: 13% higher than the number registered in the same month…