Order from NCLT for liquidation of Insolvent Sterling Biotech

The orders of Liquidation of debt-ridden pharmaceutical company Sterling Biotech by National Company Law Tribunal has created hindrance for its Lenders.

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Government searching for ways to avoid facetious bids: Insolvency & Bankruptcy code

Under Insolvency and Bankruptcy code (IBC), the Government is finding ways to completely avoid frivolous bids.

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IBBI states new amendments for Operational Creditors

The Insolvency and Bankruptcy Board of India has consistently strived to amend and strengthen the Code since it was enforced in 2016. In light of all these changes, to further…

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The deadline for resolution plan cannot be violated: says the Supreme Court

In an attempt to ensure that the proceedings of the Insolvency and Bankruptcy Code function without a glitch, the Supreme Court took strict measures to prevent lengthy proceedings. The Supreme…

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Supreme Court rules no moratorium for personal guarantors

Under a new ruling, the Supreme Court has made clear that statutory moratorium period for corporate debtors will not be applicable on personal guarantors. The decision comes after much anticipation…

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