insolvency

IBC decision approval time surpasses two years

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The federal government’s most transformative reform, the Insolvency and Chapter Code (IBC), which was meant to implement a time-bound insolvency course of, is grappling with inordinate delays. Additionally learn: IBC performed key position in revival of actual property sector, says IBBI Chairman Mital  Newest IBBI information confirmed that the typical time for the approval of … Read more

Byju’s abroad lenders file insolvency proceedings in India

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Edtech main Byju’s abroad lenders, who’ve prolonged greater than 85 per cent of $1.2-billion time period mortgage, have filed an insolvency petition in opposition to the edtech main. Additionally learn: Byju’s earmarks ₹18.8 cr as potential penal liabilities for non-compliance The chapter petition was filed within the Bengaluru bench of the Nationwide Firm Regulation Tribunal … Read more