The Insolvency Of Coromandel Properties, Two Years Later

On February 6, 2023, Coromandel Properties filed for creditor protection under the federal Companies’ Creditors Arrangement Act (CCAA) while carrying over $700 million of debt across 16 active real estate projects. Although Metro Vancouver (and beyond) has seen numerous others since then, the insolvency of Coromandel Properties was one of the earliest of the recent…

IBC drives major behavioural shift in corporate credit culture: IIM-B study

Last Updated:May 29, 2025, 22:30 IST Representational image (Image: News18) New Delhi, May 29 (PTI) The Insolvency and Bankruptcy Code has reshaped India’s credit culture by instilling financial discipline among borrowers and strengthening corporate governance practices, according to a research study conducted by the Indian Institute of Management, Bangalore. The study is based on the…

SC agrees to hear petition by Byju’s promoters

New Delhi: The Supreme Court on Thursday agreed to hear a petition filed by the promoters of tech company Byju’s, seeking to uphold a pre-Corporate Insolvency Resolution Process (pre-CoC) settlement in the company’s insolvency proceedings. The promoters’ lawyers challenged the decision by the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) that denied withdrawal of…

SC agrees to hear petition by Byju’s promoters- The Week

New Delhi, May 29 (PTI) The Supreme Court on Thursday agreed to hear a petition filed by the promoters of tech company Byju’s, seeking to uphold a pre-Corporate Insolvency Resolution Process (pre-CoC) settlement in the company’s insolvency proceedings.     The promoters’ lawyers challenged the decision by the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) that…

SC admits cases filed by company’s promoters

Last month, the NCLAT had dismissed appeals filed by the BCCI and Byju Raveendran’s brother Riju Raveendran, who is a board member of Byju’s, seeking withdrawal of insolvency proceedings against the edtech firm and also to allow a settlement between the firm and the cricket board. They had challenged the February 2025 order passed by…