Access Denied You don’t have permission to access “http://www.business-standard.com/india-news/supreme-court-cci-approval-corporate-insolvency-mergers-125013000825_1.html” on this server. Reference #18.19b42e17.1738231002.a1e5f2b5 https://errors.edgesuite.net/18.19b42e17.1738231002.a1e5f2b5 Read the original article here
The NCLAT New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member), Mr. Naresh Salecha (Technical Member) and Mr. Indevar Pandey (Technical Member) has held that when it becomes clear that revival is not a viable option, a decision taken by the CoC to liquidate the corporate debtor cannot be faulted. Brief Facts: Principal Borrower…
The Gujarat National Law University Centre for Corporate and Insolvency Laws (GCCIL), in collaboration with the Insolvency and Bankruptcy Board of India (IBBI) and Insolvency Law Academy (ILA) is organising a 2nd Edition of GCCIL National Mock CIRP Competition, 2025 from 6th – 8th March, 2025. About the Gujarat National Law University Gujarat National Law…
Case background The Court was dealing with appeals filed under Section 62 of the IBC against the National Company Law Appellate Tribunal’s (NCLAT) judgments regarding the Corporate Insolvency Resolution Process (CIRP) of Hindustan National Glass and Industries Ltd. (HNGIL). The primary issue concerned the approval of a resolution plan submitted by AGI Greenpac Ltd., which…
By Vibhav Mishra The Insolvency and Bankruptcy Code (IBC), introduced to address deficiencies in earlier laws like the Sick Industrial Companies Act and the Companies Act, promised a revolutionary framework for company revival, reorganization, and debt resolution. However, eight years since its inception, the IBC faces significant implementation challenges, raising questions about whether it is…
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Last roll of lenders’ dice coming for Star Entertainment The Australian Read the original article here
Parent company seeking creditor protection – liquidation sales have begun at the farm goods store on Silvercreek Parkway North, and others across country Turns out Guelph’s Peavey Mart will be closing up shop after all. The farm goods company says it is closing all of its stores across Canada, as Peavey Industries LP is seeking…
South Australia’s Fox Creek Wines, an award-winning winery and popular events venue in McLaren Vale, has been placed into voluntary administration with the company blaming a raft of issues stemming as far back as the pandemic and Chinese tariffs for its financial woes. However, the administrators have urged customers to continue supporting the business while…
The bankruptcy regulator on Wednesday amended technical standards guidelines for key services extended by information utilities (IUs), which typically store financial information about stressed firms in electronic databases, to streamline their operations and help speed up insolvency resolution.As per the latest Insolvency and Bankruptcy Board of India (IBBI) rules, an IU will use demographic authentication…