Exactly a year ago, I wrote that the bankruptcy law badly needs fixing. At that time, the government appeared to be serious about overhauling the legislation in the 2023 Budget.
Sharma said some lacunae, like the CoC comprising only financial creditors, still need to be addressed as it reduces operational creditors to being silent spectators in the entire CIRP.
In recent times, several noteworthy judgments have been rendered by the Indian Courts and Tribunals in matters relating to the Insolvency and Bankruptcy Code, 2016 (IBC). Some decisions rendered from.
Marshall Machines Ltd's Rs 45.63 crores Rights Issue to open on October 11, 2023 business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
RKFL, which has a registered and corporate office in Calcutta and plants in Jamshedpur, is expecting the acquisitions of JMT Auto, an Amtek Auto Group firm, from the insolvency court and Multitech Auto, by negotiation, will usher a new phase of growth, apart from its ongoing expansion