The whistleblower also highlighted that how a legitimate settlement was deliberately derailed to keep Byju’s in insolvency.

As part of a bankruptcy settlement, JM Financial Products has been allotted more than 142,000 square feet of office space in Mumbai’s Mulund. (Image/FB) The Insolvency and Bankruptcy Board of India ...

The Appellate Tribunal upheld findings that the arrangement allowing the Successful Resolution Applicant to receive 50% of PUFE recoveries was contrary to the IBC framework. The recoveries were held ...

In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section ...

The amendment limits withdrawal only between CoC constitution and invitation of resolution plans. It ensures procedural discipline and avoids disruption of insolvency ...

The Insolvency and Bankruptcy Code, 2016 (IBC Code) enacted on May 28, 2016, provides for invitation of resolution plans from Prospective Resolution Applicants (PRAs) for revival of the corporate ...

Go First crisis: The National Company Law Tribunal has extended the deadline for the completion of the resolution process of beleaguered airline Go First by 60 days. The resolution professional had ...

NCLT closes insolvency proceedings against Nobility Estates, developer of ATS's 'Le Grandiose' project in Noida. This follows a settlement with lenders, approved by 92.52% of creditors, ending the ...

The surge in Jaiprakash Power Ventures share price comes as investors assess the potential implications of the Adani Group securing Committee of Creditors (CoC) approval for its resolution offer for ...

Bill, 2025 has received Presidential assent as the Insolvency and Bankruptcy Code (Amendment) Act, 2026 (the “Act ...