An improving insolvency framework is important for achieving 7-8 per cent economic growth over the next decade, the Economic Survey said on Friday and pitched for imposition of higher costs to prevent ...

India's Economic Survey highlights the importance of an efficient insolvency framework for achieving 7-8% growth. It recommends measures like faster resolution processes and deterring frivolous ...

The bankruptcy law has acted as a deterrent, encouraging many firms to resolve their financial distress early in order to avoid the consequences of a resolution process, the economic survey says.

The bank’s overall recovery for the year to date has reached Rs 11,552 crore, falling short of expectations due to delays in the resolution of stressed assets via the NCLT and the NARCL, says CEO Asho ...

Since Corporate Debtor took undue advantage of the absence of the allottees and misrepresented the correct facts causing miscarriage of justice, Adjudicating Authority did not commit any mistake in ...

Court Directs Removal of Defamatory Article. Organiser’s article on 26th December misleadingly and maliciously portrayed ...

The appellate tribunal also asked the liquidator to submit the minutes of the Committee of Creditors (CoC) meeting that led ...

Reinstating creditors could prolong Byju’s Corporate Insolvency Resolution Process (CIRP), adding financial strain.

Pratik Vira accuses Sunshine Group developers of Rs 250 crore fraud involving forged documents, unauthorized loans, and financial mismanagement.

Enforcement Directorate restores ₹100 crore assets to Pixion Media Limited liquidator after bank fraud investigation.

Mumbai: The Reserve Bank of India (RBI) on Thursday announced that it has filed an application for the initiation of a ...

The CIRP for Jason Dekor commenced on December 19, 2019, and initially, the CoC decided to seek liquidation due to the absence of a viable Resolution Plan. However, after a legal challenge and a ...