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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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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IBC: 50% of lenders’ claims to be met

Since the Insolvency and Bankruptcy law has come into force, there has been a shift towards the positive where creditors facing the perennial problem of bad loans have been given…

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Home buyers are now part of Financial Creditors: the road ahead

In a recent judgment, the Supreme Court has directed new proceedings for the Jaypee Infratech case. Under the Insolvency and Bankruptcy code, all cases need to be resolved under 180…

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