Creditors in India have managed to reclaim an impressive Rs 3.55 lakh crore by resolving 1,068 cases under the insolvency law by September this year, as reported by the government on Monday. According to Harsh Malhotra, the Minister of State for Corporate Affairs, 1,963 Corporate Insolvency Resolution Process (CIRP) cases remain unresolved, with 1,388…
The National Company Law Appellate Chennai comprising of Justice Sharad Kumar Sharma, (Member Judicial) and Jatindranath Swain (Member Technical) dismissed two appeals filed by the Corporate Debtor seeking to challenge the order of NCLT, Bangalore by which it was directed to be put into the liquidation process and second to challenge the order of the…
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