Search For "committee of creditors"
Bankruptcy regulations amended to enable better stakeholder participation
Updated : 6 months, 1 week ago IST
New Delhi [India], September 20 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has notified amendments in the Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2022 that seek to enable better stakeholders' participation, Ministry of Co
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Cyril Amarchand Mangaldas advises Nithia Capital and Jai Saraf in relation
Updated : 10 months ago IST
Mumbai (Maharashtra)/New Delhi [India], May 30 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the legal counsel to Nithia Capital Resources Advisors LLP and Jai Saraf ("Resolution Applicants") in connection with the submission, negotiations with the committee of creditors and implementat
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Cyril Amarchand Mangaldas advises on corporate insolvency resolution proce
Updated : 1 year, 9 months ago IST
New Delhi/Mumbai [India], June 22 (ANI/NewsVoir): Cyril Amarchand Mangaldas (Firm) acted as the legal counsel to Committee of Creditors (CoC) of Dewan Housing Finance Corporation Limited (DHFL) on DHFL's corporate insolvency resolution process. The CoC of DHFL comprises of banks, financial i
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RCOM lenders reject Anil Ambani's resignation
Updated : 3 years, 4 months ago IST
Mumbai (Maharashtra) [India], Nov 24 (ANI): Reliance Communications Limited (RCOM) has rejected the resignations tendered by Anil Dhirubhai Ambani and four other directors, instructing them to continue holding their posts till the insolvency resolution process of RCOM is completed.
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Essar Steel Insolvency: SC sets aside NCLT order, upholds rights of lender
Updated : 3 years, 4 months ago IST
New Delhi [India], Nov 15 (ANI): The Supreme Court on Friday allowed a petition filed by Committee of Creditors of Essar Steel India and set aside the National Company Law Tribunal (NCLT) order which had provided for an equal distribution of proceeds between financial and operational credito
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NCLAT stays proceedings in Raheja Developers insolvency case, reserves ord
Updated : 3 years, 5 months ago IST
New Delhi [India] Oct 14(ANI/BusinessWire India): In a relief to Delhi based Raheja Developers Ltd, National Company Law Appellate Tribunal (NCLAT) has reserved its order in the case of insolvency proceedings and ordered a stay on Publication of Notices, Claims and Constitution of Committee
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Dedicated bankruptcy court has rejected ArcelorMittal India's plea to set
Updated : 3 years, 10 months ago IST
Dubai [UAE] May 6 (ANI/BuisnessWire India): The committee of creditors has approved the RPIF plan by giving 73.17 per cent votes, confirmed Mayur Ghule, Director - Royale Partners Investment Fund.
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Ruchi Soya creditors to meet to discuss Patanjali, Adani bid
Updated : 4 years, 10 months ago IST
New Delhi (India), May 29 (ANI): The committee of creditors of Ruchi Soya Industries Limited (RSIL) will meet on May 30 to hold deliberations on bids placed by Patanjali and Adani Wilmer.
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Ruchi Soya CoC to meet Patanjali, Adani Wilmer
Updated : 4 years, 10 months ago IST
New Delhi [India], May 25 (ANI): The Committee of Creditors (CoC) of Ruchi Soya Industries Limited will on Monday meet and hold deliberations on bids placed by Yoga guru Ramdev's Patanjali and Adani Wilmer.
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Bankers clear Ebix resolution plan for Educomp
Updated : 4 years, 11 months ago IST
New Delhi [India], April 25 (ANI): A 27-member Committee of Creditors (COC) consisting of 24 Educomp Solutions Limited (ESL) banks and lenders and three lenders of its subsidiary Edu Smart Services Private Limited (ESSPL) has recently cleared a proposal for the sale of ESL to Nasdaq-listed E
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IBBI strengthens norms for resolution plan approval
Updated : 5 years, 4 months ago IST
New Delhi [India], November 7 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) on Tuesday amended its corporate insolvency resolution process regulations to ensure that as part of due diligence prior to approval of a resolution plan, the antecedents, credit worthiness and credibili
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