Thank you for reading this post, don’t forget to subscribe! The NCLAT ruled that insolvency proceedings against Vatika Limited must be confined to a single real estate project, not the entire company. It emphasized a project-wise CIRP approach to protect homebuyers and unrelated stakeholders despite an established financial default. The National Company Law Appellate Tribunal…
The Insolvency and Bankruptcy Board of India (IBBI) has issued draft regulations requiring company promoters who have guaranteed corporate loans to disclose their personal wealth during bankruptcy proceedings. Under the proposal, whether these promoters file for bankruptcy voluntarily or are forced into it by their banks, they must now report their ownership of crypto assets,…
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Another airline declared bankrupt, all flights off thestreet.com Read the original article here
April 2026 | Insolvency, Restructuring & Valuation Law The Insolvency and Bankruptcy Board of India (IBBI) issued Circular No. IBBI/RV/93/2026 on April 1, 2026, notifying the International Valuation Standards (IVS), as issued and updated by the International Valuation Standards Council (IVSC), as the applicable valuation standards for all valuations conducted under the Insolvency and Bankruptcy…
‘A no-brainer’: 62-year-old Arizona plumber has no 401(k), $79K of debt and 3 homes — The Ramsey Show tells him which 1 to sell to save his retirement moneywise.com Read the original article here
Prashanto Sen, Senior Advocate at Supreme Court of India India’s Insolvency and Bankruptcy Code was built to correct a broken credit culture. It has unquestionably changed lender behaviour, improved recovery discipline and created a rules-based architecture where disorder once prevailed. But legal validity, by itself, is not enough to sustain legitimacy. Vedanta Group’s appeal before…
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has declined Raheja Developers‘ plea to close the insolvency resolution process against its project Raheja Shilas in Gurugram, after observing that the issues with flat buyers have not been resolved. It further said an application under Section 12A of Insolvency and Bankruptcy Code (IBC) for withdrawal…
NCLAT declines Raheja Developers” plea to close insolvency process against Raheja Shilas in Gurugram. Flat buyer issues unresolved. New Delhi, Apr 3 (PTI) The National Company Law Appellate Tribunal (NCLAT) has declined Raheja Developers’ plea to close the insolvency resolution process against its project Raheja Shilas in Gurugram, after observing that the issues with flat…
Ecopetrol Secures USD 1.25 Billion Loan Authorization for Debt Management Strategy TipRanks Read the original article here