The proposed amendments to the Insolvency and Bankruptcy Code (IBC) are encouraging. They could help improve recovery rates and reduce resolution timelines. Still, credit rating agency ICRA noted that the changes do not address long-standing structural issues in the real estate sector, which continues to account for the second-highest share of cases under the corporate…
In a relief to Culver Max Entertainment (formerly known as Sony Pictures Network India), appellate Tribunal NCLAT has set aside an NCLT order rejecting the insolvency plea filed by the broadcaster against an Odisha-based fintech firm. The NCLAT has remanded the matter back to the Cuttack bench of the National Company Law Tribunal (NCLT) to…
New Delhi [India], December 29 (ANI): The proposed amendments to the Insolvency and Bankruptcy Code (IBC) are encouraging. They could help improve recovery rates and reduce resolution timelines. Still, credit rating agency ICRA noted that the changes do not address long-standing structural issues in the real estate sector, which continues to account for the second-highest…
Creditors Approve Updated Claims List for Ansal’s Fernhill Project Under Insolvency TipRanks Read the original article here
Mumbai: India’s appellate insolvency tribunal, the National Company Law Appellate Tribunal (NCLAT), has set aside an earlier order of the National Company Law Tribunal (NCLT) that rejected an insolvency petition filed by Culver Max Entertainment, formerly known as Sony Pictures Networks India. In its ruling, the appellate tribunal remanded the matter back to the NCLT’s…
NCLAT sets aside NCLT order in Culver Max insolvency case Storyboard18 Read the original article here
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India’s appellate tribunal, the National Company Law Appellate Tribunal (NCLAT), has set aside a National Company Law Tribunal (NCLT) order that rejected Culver Max Entertainment’s insolvency petition against an Odisha-based fintech firm, offering relief to the broadcaster, which was formerly known as Sony Pictures Network India. NCLAT passed the case back to the Cuttack bench…