The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Ligare Aviation Ltd, holding that the NCLT erred in admitting the plea filed by Religare Enterprises without properly examining the nature of the underlying transactions, which was “only round tripping of money” and not “any genuine financial transaction”. In a strongly worded…
NCLAT has set aside insolvency proceedings against Ligare Aviation, ruling that Religare Enterprises” loan was ”round-tripping of money,” not genuine financial debt. New Delhi, Jun 7 (PTI) The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Ligare Aviation Ltd, holding that the NCLT erred in admitting the plea filed by Religare…
On 1 June 2026, the Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) (Second Amendment) Regulations, 2026 to amend Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019. All you need to know: If…
“That single word follows a borrower quietly for years, raising future borrowing costs, restricting access to credit and flagging them as higher risk in every lender’s system. A settlement should be a last resort during genuine financial hardship, not a deliberate strategy to reduce liabilities,” said Ankit Bagadia, associate director at BankBazaar, an online financial…
When Antoine Walker competed in a celebrity golf tournament just a day after his arrest over a gambling debt Basketball Network Read the original article here
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India Ratings and Research (Ind-Ra) has said that despite several regulatory amendments to the Insolvency and Bankruptcy Code (IBC), recovery outcomes in India’s insolvency framework remain constrained by execution-related challenges rather than the regulatory structure itself. The fourth quarter (Q4) of fiscal 2026 (FY26) reflected this trend, with fresh admissions moderating to 143 cases from…
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