Category : Search result: bankruptcy appeals


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.

Alabama DEI Law Challenged in Federal Appeals Court

Students and professors from Alabama's public universities appeal to block a state law restricting DEI initiatives and classroom discussions on race and gender. The outcome could reshape academic freedom.

Roomba Maker iRobot Files for Bankruptcy

iRobot, creator of Roomba, files for Chapter 11 bankruptcy and is acquired by Chinese supplier Picea Robotics, raising data privacy concerns. Read the full story.

When Amitabh Bachchan Called Director Asking for Work

Director Suneel Darshan reveals how Amitabh Bachchan personally called him for a role during his 90s financial crisis and worked punishing double shifts for the film Ek Rishta. Read the inspiring story.

Court Disqualifies Trump's Lawyer Alina Habba in NJ

A US appeals court upheld the disqualification of Alina Habba, Donald Trump's former lawyer, as New Jersey's US Attorney. The ruling challenges the Trump administration's appointment tactics. Read the full story for details.

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

Anupam Kher: From Rs 400 to Rs 3 Crore Per Film

Anupam Kher reveals how he faced near bankruptcy with only Rs 400 in bank, mortgaged properties, and made remarkable comeback charging Rs 3 crore per film. Read his inspiring story.

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.

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.

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.

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.

Adani Wins Bid for Bankrupt Jaiprakash Associates

Gautam Adani's Adani Enterprises secures creditors' approval to take over bankrupt Jaiprakash Associates, gaining assets worth ₹35,000 crore across cement, power and hospitality sectors.

Adani wins $1.53bn Jaiprakash takeover bid

Adani Enterprises secures creditor approval for $1.53 billion Jaiprakash Associates acquisition, beating Vedanta's higher offer with better payment terms. Key details inside.

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