Daily Archives: May 13, 2025

Tikona Infinet settles CCD dues with L&T Finance, moves to exit insolvency process

Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series ‘E’ Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider.The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release. “It…

Punish bankrupt company owners who don’t cooperate in debt resolution, set up advance ruling to cut down delay: ICAI

Also Read | Court orders reset bankruptcy rules. Now, the govt is amending the law A system of advance ruling on bankruptcy-related laws similar to that existing for income tax would also help, it said in recommendations to the government after studying the working of Insolvency and Bankruptcy Code (IBC).  It said a dedicated IBC…