Feb 13, 20211 minChanda Kochhar the former ICICI Bank CEO granted bail by Special PMLA Court in money laundering caseThe Prevention of Money Laundering Act (PMLA) Special Court, Mumbai has granted bail to the former ICICI Bank Managing Director and CEO...
Feb 4, 20212 minCreditor will be secured creditor and not 'Financial Creditor' by taking security of pledged sharesSupreme Court held on Wednesday that "a Creditor will be secured creditor, but not 'Financial Creditor' under the Insolvency and...
Feb 4, 20211 minIBBI organises a webinar on Determination of Avoidance Transactions under the IBCThe Insolvency and Bankruptcy Board of India (IBBI) in association with the British High Commission Organises a Webinar On “Determination...
Feb 3, 20212 minLegislative intent of issuance of Demand Notice is not a mere formality but a mandatory provisionDemand Notices sent u/s 8 of the Code to the registered address, and functional address of the Corporate Debtor met with the remarks...
Feb 3, 20212 minPrivatisation of public sector banks starts, PNB and BOB first ones to be soldFinance Minister Nirmala Sitharaman announced on Monday that the government will divest its stake in two PSBs, apart from one general...
Feb 3, 20213 minCollusive commercial arrangements between Creditors and CD wouldn't constitute a 'financial debt'—SCThe Supreme Court has held on Monday, that the commercial arrangements between creditors and Corporate Debtor were collusive in nature,...