Changes in insolvency rules empower resolution professionals to hand over possession of properties to homebuyers while the ...

The National Company Law Tribunal has initiated a corporate insolvency resolution process against AVIOM India Housing Finance, following governance concerns. After the RBI superseded AVIOM's board, an ...

The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against AVIOM India Housing Finance, following ...

NCLT has directed the resolution professional to return the management control of the firm to ex-management and also ended ...

The action was taken basis recommendation of the National Housing Bank (NHB). Later, it filed an application with the NCLT, ...

The National Company Law Tribunal (NCLT) on Thursday admitted embattled Non-Banking Financial Company (NBFC), Aviom India ...

The Kerala High Court yesterday (on February 12), observed that during the Corporate Insolvency Resolution Process, ...

The Court emphasized that the insolvency process under the IBC follows a structured approach, wherein a resolution professional is first appointed to assess the financial status of the debtor and ...

IBBI chairman Ravi Mital, in the regulator’s latest quarterly newsletter, pointed to a steady rise in corporate resolutions and a sharp decline in liquidations since 2020-21 ...

Rescue of insolvent firms under the Insolvency and Bankruptcy Code has improved, with 1.3 firms saved for every firm ...

NCLT said "there is a nexus and connection" between its financial creditor Experts Realty Professionals whose plea for ...

National Company Law Tribunal (NCLT) in Delhi has dismissed an application filed by Anil Syal, seeking discharge under Section 138(1) of the Insolvency and Bankruptcy Code (IBC). The NCLT ruled that ...