insolvency and bankruptcy code

The Directorate General of Civil Aviation (DGCA) on Friday accepted Go First's resumption plans, subject to conditions. The aviation regulator made the announcement in a notification. "...It is to inform that the proposed…

Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pratt & Whitney engine troubles and assured that the carrier is doing everything possible to navigate the situation with utmost care…

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By Rajnish Kumar With the Insolvency and Bankruptcy Code (IBC) completing six years, there have been several discussions about what has worked well and what has not. Thus, rather than discuss the pros and cons of the IBC vs other…

The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation (NTC) after admitting a plea by…

The primary objective of the Insolvency and Bankruptcy Code (IBC) process is resolution of a distressed firm, but the recovery percentage also needs to be kept in…

Amid concerns in certain quarters that the insolvency law has led to more liquidations than resolutions of stressed assets, Corporate Affairs Secretary Rajesh Verma on Saturday pitched for having a framework to study the impact of the…