moneycontrol.com

The never ending CIRP process: Why the IBC needs better coordination

Despite the National Company Law Tribunal (NCLT) functioning at almost full strength since March, the time taken for conclusion of the corporate insolvency resolution process (CIRP) under the ...
The Financial Express

Delay in insolvency process eroding asset value: IBBI Chairman

Data of 947 resolved cases as of March 2024 indicates a direct correlation between the length of the CIRP and the recovery rate, he said. The delay in the corporate insolvency resolution process (CIRP ...
Business Line

Corporate debtors must get shareholders’ approval to initiate insolvency process

Shareholders’ approval through a special resolution is a must for a ‘corporate debtor’ to apply for initiation of insolvency process. Simply put, a company (corporate debtor) cannot now be an ...
The Financial Express

IBBI mandates ‘robust’ disclosure of losses carried forward in CIRP

As part of a bankruptcy settlement, JM Financial Products has been allotted more than 142,000 square feet of office space in Mumbai’s Mulund. (Image/FB) The Insolvency and Bankruptcy Board of India ...