Value Preservation Remains a Challenge While India’s financial services sector shows strength with gross non-performing assets (NPAs) falling to 2.15% by September 2025 and the Nifty Financial Services Index gaining 15.5% in the first half of 2025, the Insolvency and Bankruptcy Code (IBC) continues to struggle with preserving company value. The IBC often favors debt…
Ex defence chief unwittingly linked to bankrupt tech entrepreneur’s new venture The Post Read the original article here
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…
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Another airline declared bankrupt, all flights off thestreet.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…
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The National Company Law Appellate Tribunal has ruled against closing the insolvency resolution process for Raheja Developers’ project, Raheja Shilas, in Gurugram. The tribunal highlighted unresolved issues with flat buyers as a blocking point in the proceedings. In its ruling, the NCLAT bench, led by Chairperson Justice Ashok Bhushan, remarked that the closure plea…