SC Panel to Oversee Supertech Insolvency, Supernova Project
Supreme Court forms committee to manage Supertech Realtors' insolvency and ensure completion of Noida's Supernova project. Key details on the panel's powers and homebuyer relief.
Category : Search result: Supertech insolvency
SC Orders New Developer for Stalled Supertech Supernova Project
Supreme Court intervenes in Noida's insolvent Supernova project, ordering a new developer and sidelining old promoters. A landmark move offering hope for lakhs of homebuyers across India's frozen real estate projects. Read more.
SC Panel to Supervise Supertech Insolvency, Supernova Project
Supreme Court forms a 3-member committee to manage Supertech's insolvency and complete the Supernova project in Noida. Next hearing on January 20, 2026.
Panel Proposes Multiple IBC Plans for Stressed Assets
A parliamentary panel recommends allowing multiple resolution plans for different assets of an insolvent firm, aiming to boost value and attract bidders. Explore the potential shift in India's insolvency landscape.
IBC Amendments 2025: Lok Sabha Panel Chief Hails Reforms
Lok Sabha panel chief Baijayant Panda calls IBC amendments a 'game-changer' to halve resolution time and boost recoveries. Bill excludes project-specific insolvency for real estate.
Great Learning's Indian unit bought back from Byju's for $10M
Mohan Lakhamraju repurchases Great Learning's India business from Byju's at a steep discount amid the edtech giant's insolvency woes. Details on the deal and future plans revealed.
Panel wants 3-month deadline for NCLAT appeals under IBC
A parliamentary committee recommends a strict 3-month deadline for NCLAT to dispose of IBC appeals, addressing massive delays. The move aims to streamline India's corporate insolvency process. Read the full report.
Lok Sabha Panel Sets 3-Month Deadline for NCLAT Appeals
A Lok Sabha panel mandates NCLAT to resolve bankruptcy appeals within 3 months to speed up corporate rescue. It also bars resolution pros from becoming liquidators to curb perverse incentives. #IBC #BankruptcyReform
IBC Amendment Bill Report to be Tabled in Lok Sabha
A Lok Sabha committee will table its report on the IBC Amendment Bill 2025 on Wednesday, bringing a major insolvency law overhaul closer. The reforms aim to cut delays and boost investor appeal.
Byju's Offshore Firm Puts Aakash ₹250-Cr Rights Issue in Legal Jeopardy
Byju Raveendran's Singapore entity Beeaar Investco's role in Aakash's rights issue faces legal scrutiny amid QIA's $235M arbitration award. Experts warn of enforcement risk despite separate legal status. Read the full analysis.
Kerala HC Orders Byju's RP, GLAS, EY India Heads to Appear
Kerala High Court directs Byju's RP, GLAS representative & EY India Chairman to appear personally in contempt case over alleged asset transfer. Key hearing set for July 17.
Aakash Rights Issue Stalled Over Byju's FEMA Compliance Issue
Aakash Educational Services halts ₹25 crore from Byju's parent in its crucial ₹250-crore rights issue over FEMA, ECB violations. The dispute threatens the fundraise amid leadership churn and insolvency battles. Read the full analysis.
Realty IBC Reforms Pushed to Later Phase
Government to introduce corporate IBC amendments first, delaying structural reforms for homebuyers and stuck projects. Key changes for real estate require further consultation. #IBC #RealEstate
ED Uncovers IBC Misuse, Bid Rigging in NCLT Cases
Enforcement Directorate exposes manipulation of insolvency process, arrests Lalu Prasad Yadav's aide Amit Katyal. Crucial evidence of bid rigging and ₹50 lakh cash seized in nationwide probe.
Jaiprakash Gaur's Legacy Ends in Bankruptcy
At 94, Jaiprakash Gaur watches his life's work collapse as NCLT admits Jaiprakash Associates into insolvency. Read about his rags-to-riches story and ultimate downfall.
Financial creditors surpass operational creditors in IBC cases
India's insolvency code undergoes significant shift as financial creditors now dominate bankruptcy proceedings. Analysis reveals changing creditor behavior and recovery patterns under IBC framework since 2020 threshold change.
IBC Reforms: Biggest Changes in 9 Years Coming
India's Insolvency and Bankruptcy Code undergoes major reforms with cross-border insolvency and faster debt resolution. Parliament to consider revised bill in December session.
Bank Chiefs to Monitor Top NCLT Cases Personally
Public sector bank CEOs must personally oversee top 20 pending NCLT cases and 10 resolution accounts. DFS Secretary Nagaraju urges swift action for better recoveries through IBC ecosystem.
10 Bills for Parliament Winter Session 2025
Indian government lists 10 crucial bills for Winter Session including Atomic Energy Bill 2025 and Higher Education Commission Bill. Key reforms in nuclear sector, education, and economy await parliamentary approval.
Govt mulls tower-level insolvency for homebuyers
Indian government and IBBI are developing a tailored real estate insolvency framework focusing on project or tower-level resolutions to protect homebuyers from construction delays. Learn how this new approach could transform the housing sector.
IBBI's New Valuation Format Aims to Cut Litigation
IBBI introduces standardized valuation format for distressed assets to enhance transparency and reduce lawsuits. Public feedback accepted until December 10. Learn how this impacts creditors.
SC to Rule on Spectrum Sale in Telco Insolvency Cases
Supreme Court deliberates whether telecom spectrum can be sold during bankruptcy. Government ministries divided as ₹40,000 crore remains stuck in Aircel, RCom cases. Read the full analysis.
Manipal, upGrad Vie for Byju's in NCLT Insolvency Battle
Manipal Group and upGrad compete for bankrupt Byju's parent TLPL in NCLT proceedings. US lenders hold 99.41% voting power deciding the fate of 1,780 creditors in India's biggest edtech collapse.
Manipal Submits EOI for Byju's Parent Think & Learn
Dr Ranjan Pai-led Manipal Education and Medical Group India has formally expressed interest in acquiring troubled edtech company Byju's parent Think & Learn. Discover the implications.
SC Reserves Verdict on Aircel, RCom Spectrum Insolvency
Supreme Court concludes hearing on whether telecom spectrum can be sold under IBC. The verdict will impact lenders' dues recovery and set a precedent for future cases. Read more.
SBI, Govt Clash in SC Over Spectrum Sale in Insolvency
State Bank of India argues spectrum can be sold under insolvency to recover dues, while government maintains it belongs to the state. Supreme Court hearing continues.
ICAI Proposes IBC Reforms to Parliament Panel
The Institute of Chartered Accountants of India submits comprehensive recommendations for Insolvency and Bankruptcy Code amendments to strengthen corporate resolution framework.
SC Allows Spectrum Transfer in Aircel Insolvency Case
In a groundbreaking verdict, India's Supreme Court clears the path for telecom spectrum transfer during corporate insolvency, providing major relief to stressed telecom companies and reshaping the industry's future.
IBBI Aligns Bankruptcy Code with Anti-Money Laundering Laws
IBBI makes landmark move to integrate bankruptcy proceedings with PMLA, creating powerful new weapon against financial fraud and strengthening India's financial ecosystem.
Environment Clearance Shield for Stressed Assets Approved
In a landmark move to boost India's ease of business, the government has approved a mechanism protecting environment clearances during NCLT-led insolvency, preventing stressed projects from restarting approval processes.
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