India’s Insolvency Law: Rs 3.55 Lakh Crore Recovered

India’s insolvency law has seen creditors recover Rs 3.55 lakh crore through the resolution of 1,068 cases till September 2024. The government highlights the market-driven nature of recovery under the IBC. New Delhi, Nov 25 (PTI) Creditors have recovered around Rs 3.55 lakh crore through resolution of 1,068 cases under the insolvency law till September…

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By Market Capitalisation.Net Sales.Net Profit.Total Assets.Excise.Other Income.Raw Materials.Power & Fuel.Employee Cost.PBDIT.Interest.Tax.EPS.Investments.Sundry Debtors.Cash/Bank.Inventory.Debt.Contingent Liabilities. Screen Crit AbrasivesAerospace & DefenceAgricultureAir ConditionersAirlinesAluminium & Aluminium ProductsAmusement Parks/Recreation/ClubAquacultureAuto AncillariesAuto… Read the original article here

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MILLER/HOWARD HIGH INCOME EQUITY FUND ANNOUNCES ITS COMPLETED LIQUIDATION

Kingston, NY, Nov. 25, 2024 (GLOBE NEWSWIRE) — Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) announced today that the Fund completed its liquidation following the close of business on November 22, 2024. The liquidation was performed in accordance with the Fund’s investment objectives and organizational documents, consistent with the Fund’s previously announced liquidation…

Insolvency Law Yields Rs 3.55 Lakh Crore Recovery

Creditors in India have managed to reclaim an impressive Rs 3.55 lakh crore by resolving 1,068 cases under the insolvency law by September this year, as reported by the government on Monday. According to Harsh Malhotra, the Minister of State for Corporate Affairs, 1,963 Corporate Insolvency Resolution Process (CIRP) cases remain unresolved, with 1,388…

Revisiting Resolution Plan After Commencement Of Liquidation Process Is Against Principle Of Procedural Finality: NCLAT Chennai

The National Company Law Appellate Chennai comprising of Justice Sharad Kumar Sharma, (Member Judicial) and Jatindranath Swain (Member Technical) dismissed two appeals filed by the Corporate Debtor seeking to challenge the order of NCLT, Bangalore by which it was directed to be put into the liquidation process and second to challenge the order of the…