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IBC | Statutory Set Off Or Insolvency Set Off Inapplicable To Corporate Insolvency Resolution Process: Supreme Court

The Supreme Court has held statutory set off or insolvency set off is not applicable to Corporate Insolvency Resolution Process (“CIRP”) proceedings under the Insolvency and Bankruptcy Code, 2016.

United kingdomJusticesanjiv khannaV vijaykumarv iyerDishnet wirelessDishnet wireless ltdAircel ltdSupreme courtNational company law tribunalNational company law appellate tribunalDepartment of telecommunications doBharti hexacomBharti airtelCorporate insolvency resolution processBankruptcy codeBankruptcy boardLiquidation process

GoKwik appoints former PayU director Ravi Kant Arora as senior VP - Finance

GoKwik appoints former PayU director Ravi Kant Arora as senior VP - Finance
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Ravi kant aroraChirag tanejaDelhi universityAircel ltdBharti airtel ltdStanza livingAssistant general managerFinance controlBusiness planningChartered accountant

Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum, ET Telecom

Sbi: The former Resolution Professional of Aircel entities has requested the Supreme Court s permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

Vijaykumarv iyerBalbir singhJustice sanjiv khannaCommittee of creditors the aircelSupreme courtAircel ltdNational company law appellate tribunalUv asset reconstruction companyNational company law tribunalResolution professionalShyam divanAircel entitiesAircel cellularDishnet wirelessAdditional solicitor general balbir singhWhile aircel

Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum

The former Resolution Professional of Aircel entities has requested the Supreme Court s permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

Justice sanjiv khannaBalbir singhVijaykumarv iyerCommittee of creditors the aircelUv asset reconstruction companyAircel ltdSupreme courtNational company law tribunalNational company law appellate tribunalResolution professionalShyam divanAircel entitiesAircel cellularDishnet wirelessAdditional solicitor general balbir singhWhile aircel

SBI Distressed Loans: SBI seeks buyers for its Rs 96,000 crore distressed loans

State Bank of India (SBI) plans to sell over INR 960 billion ($12.9 billion) of distressed loans to asset reconstruction companies. The countrys largest bank prepared a list of 331 accounts, including loans to Future Group, Anil Ambani-promoted firms, Videocon Group and Jaypee Group, among others.

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