Changes in insolvency rules empower resolution professionals to hand over possession of properties to homebuyers while the ...

The National Company Law Tribunal has initiated a corporate insolvency resolution process against AVIOM India Housing Finance, following governance concerns. After the RBI superseded AVIOM's board, an ...

The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against AVIOM India Housing Finance, following ...

The action was taken basis recommendation of the National Housing Bank (NHB). Later, it filed an application with the NCLT, ...

NCLT has directed the resolution professional to return the management control of the firm to ex-management and also ended ...

The National Company Law Tribunal (NCLT) on Thursday admitted embattled Non-Banking Financial Company (NBFC), Aviom India ...

The Kerala High Court yesterday (on February 12), observed that during the Corporate Insolvency Resolution Process, ...

IBBI has noted that the current IBC process treats each entity as a standalone unit, overlooking the intricate web of interdependencies often present in modern business ecosystems ...

IBBI chairman Ravi Mital, in the regulator’s latest quarterly newsletter, pointed to a steady rise in corporate resolutions and a sharp decline in liquidations since 2020-21 ...

The discussion paper by Insolvency and Bankruptcy Board of India envisages procedural coordination of insolvency resolution process of interconnected entities.

Rescue of insolvent firms under the Insolvency and Bankruptcy Code has improved, with 1.3 firms saved for every firm ...

National Company Law Tribunal (NCLT) in Delhi has dismissed an application filed by Anil Syal, seeking discharge under Section 138(1) of the Insolvency and Bankruptcy Code (IBC). The NCLT ruled that ...