NCLT-appointed IRP invites corporates to complete Jaypee Infra projects under insolvency law – Business Today

Applications have been invited from corporate entities for submission of a resolution plan for debtridden Jaypee Infratech to move ahead with the process under the insolvency law. The NCLT-appointed insolvency resolution professional (IRP) Anuj Jain has invited expressions of interest (EoI) from corporates having a minimum net worth of Rs 1,000 crore as well as…

Jaypee Infra insolvency: IRP floats EoI for resolution plans – Economic Times

Applications have been invited from corporate entities for submission of resolution plan for the debt-laden Jaypee Infratech under the insolvency law, according to a public notice. The National Company Law Tribunal (NCLT) has admitted the application by an IDBI Bank-led consortium seeking resolution for Jaypee Infratech under the Insolvency and Bankruptcy Code. Moving ahead with…

Consultation on Individual Insolvency and Rights and obligations of MSMEs held at Ludhiana – Knn India

Consultation on Individual Insolvency and Rights and obligations of MSMEs held at Ludhiana New Delhi, Oct 27 (KNN) Eyeing at strengthening the Insolvency and Bankruptcy Code (IBC) framkework, the Insolvency and Bankruptcy Board of India (IBBI) organised a stakeholder consultation on Individual Insolvency Rights and obligations of Micro, Small and Medium Enterprises (MSMEs) owners,…

Insolvency Code not in conflict with Companies Act, says Centre, quashes confusion – Financial Express

The clarification came as some stakeholders drew attention to Section 30(2)(e) of the IBC, which directs resolution professionals to ensure any such insolvency resolution plan does not contravene any of the provisions of the law for the time being in force. (Reuters) The Insolvency and Bankruptcy Code (IBC), 2016, isnt in conflict with the Companies…