The Supreme Court ruled that simultaneous insolvency proceedings can be initiated against both a principal debtor and its guarantor for the same debt under the Insolvency and Bankruptcy Code. This ...
The whistleblower also highlighted that how a legitimate settlement was deliberately derailed to keep Byju’s in insolvency. The whistleblower said that EY deliberately delayed BYJU's CIRP process ...
Corporate Insolvency Resolution Process (CIRP)-Initiation of Corporate Insolvency Resolution Process (CIRP) by Financial Creditors - Rediff MoneyWiz, the personal finance service from Rediff.com ...
https://www.thehindubusinessline.com/money-and-banking/invitation-and-submission-of-insolvency-resolution-plans-will-be-via-an-electronic-platform-ibbis-measures-to ...
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Insolvency Board proposes NCLT to mandatorily review 'all delayed claims', and limit CoC’s influence
Insolvency experts, however, some provisions are necessary to be introduced to ensure that the adjudication of delayed claims ...
Supreme Court held that commercial wisdom of Committee of Creditors [CoC] is non-justiciable. Stalling CIRP on account of settlement proposal without approval by CoC is not ...
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