Odisha Diary

PDUNASS Conducts Half-Day Workshop on Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016

The Pandit Deendayal Upadhyaya National Academy of Social Security (PDUNASS), New Delhi, today conducted a half-day workshop on the Corporate Insolvency Resolution Process (CIRP) under the ...
Mint

Economic Survey seeks faster insolvency resolution timelines, flags low MSME case uptake

The effectiveness of the insolvency framework must be enhanced to accelerate recovery timelines that have been stretched beyond their stipulated deadlines, the Economic Survey 2025-26 said on Thursday ...
Moneylife

NCLT Scraps Alchemist Ltd's Insolvency Process as ED Blocks Misuse of IBC Flagging Fraud and Collusion

In a sharp rebuke to the misuse of insolvency law, the New Delhi bench of the national company law tribunal (NCLT) has recalled the corporate insolvency resolution process (CIRP) initiated against ...

NCLT recalls insolvency process in Alchemist Case, citing fraud and ED Intervention

The National Company Law Tribunal (NCLT) in New Delhi has recalled the Corporate Insolvency Resolution Process (CIRP) initiated against Alchemist Limited, ruling that the proceedings were vitiated by ...
The Pioneer on MSN

Spectrum of telcos not asset, can't be subjected to insolvency process: SC

India, Feb. 14 -- In a landmark decision, the Supreme Court on Friday held that the spectrum allocated to telecom service ...
Tax Guru

IBBI Appellate Authority Denied RTI as Subsidiary Not Part of Insolvency Process

The appellate authority held that information could not be disclosed since the subsidiary company was not admitted to insolvency proceedings. RTI access was limited to information held by the ...
LiveLaw

IBC Moratorium Vs PMLA Attachment Powers: Freezing Of Bank Accounts During Insolvency

Imagine a corporate debtor undergoing the Corporate Insolvency Resolution Process. Every rupee lying in its bank accounts ...
Business Line

Extended insolvency timelines can trigger value erosion: Economic Survey

The Economic Survey 2025-26 cautioned that extended insolvency timelines can trigger value erosion – assets deteriorate, employees depart, customers shift to competitors, and supplier relationships ...

Govt to introduce Insolvency and Bankruptcy Code amendment Bill in 2nd half of Budget session starting March 9: Sitharaman

The Central government plans to introduce the Insolvency and Bankruptcy Code amendment Bill soon. This move aims to improve the insolvency resolution process. The government has already resolved over ...

In a 1st, resolution professional held by ED for colluding with promoters of bankrupt co

The Enforcement Directorate (ED) has arrested Arvind Kumar, a former resolution professional for Richa Industries Ltd., on charges of collusion, asset siphoning, and money laundering during insolvency ...

Spectrum allocated to telcos not asset, can't be subjected to insolvency process: SC

The landmark verdict has wider ramifications for the telecommunications sector as telecom companies have invoked a moratorium on the basis of a voluntary corporate insolvency resolution process under ...