JD Supra1h
U.S. Bankruptcy Court Directs Turnover of Chapter 15 Debtor's Assets for Administration in Foreign Bankruptcy Proceeding
Nearing its 20th anniversary, chapter 15 of the Bankruptcy Code is an invaluable framework for coordinating cross-border bankruptcy cases ...
IFSC GIFT City sees aircraft and engine leasing rise 30% on year in 2024, better times may be ahead
Officials expect atleast 100 new aircraft or engines to be leased from GIFT City in 2025. Lessors feel that for GIFT City to ...
Vedanta Group submits expression of interest to acquire Jaiprakash Associates through insolvency
Business conglomerate Vedanta Group and Adani Group have shown interest in acquiring Jaiprakash Associates Ltd (JAL) through ...
Rediff Money7h
Vedanta to Acquire Jaiprakash Associates: Insolvency Deal
Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process. Adani Group has ...
Tax Guru9h
Statutory Dues Not Included in Resolution Plan Stand Extinguished Post Approval: SC
The Supreme Court found that, under Section 31 of the IBC, once a Resolution Plan is approved, all claims not included in the plan stand extinguished. Citing the precedent set in Ghanashyam Mishra & ...
Aviation Minister moves Aircraft Objects Bill in Rajya Sabha for consideration after 3-year delay
The Protection and Enforcement of Interests in Aircraft Objects Bill has been introduced in the Rajya Sabha to allow aircraft ...
SC slams NCLAT for ignoring precedent, calls move ‘perverse’
The dispute arose in connection with the corporate insolvency resolution process of Tehri Iron and Steel Casting Ltd under the Insolvency and Bankruptcy Code ...
LiveLaw1d
Application U/S 94 Of IBC Cannot Be Entertained Against Sole Proprietorship Firms: Madhya Pradesh High Court
The Madhya Pradesh High Court bench of Justice Vivek Rusia and Justice Prem Narayan Singh has held that since sole ...
LiveLaw1d
Notice U/S 263 Of Income Tax Act Cannot Be Issued By Authority After Approval Of Resolution Plan U/S 31 Of IBC: Gujarat High Court
The Gujarat High Court bench of Justice Bhargav D. Karia and Justice D.N.Ray has held that after approval of the Resolution ...
Bankrupt 23andMe’s DNA data gets sale nod as concerns linger
The genetic testing firm won permission from a judge to try to sell information about customers’ medical and ancestry-related ...