What is IBC

Citing several judgments, the SG said only the company can speak for the shareholder

The decision to hold a second auction was decided on Monday in a formal meeting of the CoC

Bench admits petition by Foresight Innovation, which puts the default anount at Rs 1.58 crore; Operational creditor Retail Detailz India's petition claims default of Rs 4.02 crore

NSE said post the NCLAT order, ZEEL will move out of IBC framework, hence the surveillance action in the stock shall be reverted and the F and O contracts with May 2024 will be available

The admission of insolvency proceedings against Zee, say lawyers, will delay the company's proposed merger with Sony

Meanwhile, even as the appeal process is being pursued in NCLAT, the Khaitans are understood to be engaging with IL&FS for a settlement

For cases that have been resolved, creditors have continued to face a haircut of around 70 per cent of the admitted claims

It is surprising as the lenders mostly lend loans keeping in mind the margin and the promotor's contribution

Srei administrator Rajneesh Sharma has rejected the group promoters' offer under section 12A of Insolvency and Bankruptcy Code (IBC) to pay off dues of around Rs 32,000 crore to creditors to withdraw their companies from the ongoing insolvency process, sources said on Monday.

They feel that existing resolution plans under consideration by the Srei CoC fail to offer a fair and equitable consideration to both creditors and shareholders of Srei companies, the sources said

Reportedly, ASG has over 50 eye hospitals across 16 states in the country

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Draft IBC amendments propose to remove 'perverse incentives'

Among other changes, the corporate affairs ministry has suggested developing a state-of-the-art electronic platform that can handle several processes under the Code with minimum human interface

Srei has received three compliant resolution plans, which will be voted on by lenders and debenture holders

Auto component manufacturing company undergoing insolvency proceedings

The Budget session of Parliament will commence from January 31 with President Droupadi Murmu's address to the joint sitting of Lok Sabha and Rajya Sabha

Siva group offers Rs 81 cr to lenders

NCLT Mumbai will resume hearing in the Reliance Capital resolution matter on Monday

NCLT "has categorically observed that the RP has 'miserably failed to adhere to the timelines stipulated in the Code," said the appellate tribunal