Resolution plans have on an average yielded a recovery of 93.4% of the fair value of the assets, says Shailendra Ajmera.

The petition, filed under Section 95 (1) of the Insolvency and Bankruptcy Code (IBC), 2016, pertained to a default amounting ...

Adani Group is the second-largest Cement manufacturer in the country with over 100 million tonnes per annum (MTPA) capacity.

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the merger of Adani Cementation with Ambuja Cements, clearing the way for the Adani Group to streamline its cement ...

The Supreme Court today asked the Union government to look into the manner of posting of Judicial/Technical members for the ...

The Supreme Court today directed the Union government to examine the manner of posting of Judicial and Technical members to National Company Law Tribunal (NCLT) benches across the country, expressing ...

The bank has also initiated Personal Insolvency Resolution Process under IBC against Anil Ambani and the same is being heard by NCLT, Mumbai, Minister of State for Finance, Pankaj Chaudhary, said.

JSW Steel is looking to fast track its proposed greenfield project at Paradip in Odisha that will help it to achieve its 50 ...

Data shows that the average recovery under the IBC has been 30-35 per cent, which is much higher than 22 per cent under SARFAESI, 7 per cent under DRT, and just 3 per cent through Lok Adalats ...

Since 2016, IBC has enabled the direct resolution of ₹12 lakh crore of debt for around 1,200 cases of stressed borrowers.

The NCLT found that key clauses of the MRA explicitly linked repayment to the sale proceeds of the “Lender’s Allocated Area” and that Edelweiss was entitled to “additional upside” and had an ...

The National Company Law Tribunal (NCLT) has approved the merger of Adani Cementation (ACL), a wholly-owned subsidiary of ...