Deccan Chronical is sold to SREI group for Rs. 400Cr, which is just around 10% of its loan of Rs. 3500Cr. The promoters get away scott free! The reality of Insolvency Code!

NCLT has no jurisdiction to decide the claims or counter-claims with regards to the parties (e.g. bailor- bailee relationship). Suits claiming rights over materials can only be filed once CIRP is completed as moratorium is in force!! #IBC #Insolvency #CIRP drive.google.com/file/d/1gQ6Nhb…

Any issue related to transfer of shares has to be adjudicated by NCLT. Civil court does not have jurisdiction in this regard.#NCLT #Insolvency #IBBI #IBC drive.google.com/file/d/1-2sndy…

Essar Power Lenders move to invoke Gurantees. bloombergquint.com/business/ruias…

Resolution Applicant can now raise ECB's from recognised lenders as ECB policy relaxed by RBI. drive.google.com/file/d/1-6bCKa…

MCA Notifies Amendment To Companies(Significant Beneficial Ownership) Rules. #MCA #IBBI #insolvencyprofessional #IBC #NCLT. drive.google.com/file/d/1-7hdnU…

NCLT allows Amtek Auto's Resolution Process to start once again. #NCLT #Insolvency #IBC #CIRP bloombergquint.com/business/nclt-…

IBC - Creditor vs Liquidator : What went wrong in Abhijeet MADC Energy's Liquidation. bloombergquint.com/business/ibc-c…

Lenders to get 50% Stake in Jet Airways On Debt Recast. sgq.io/0RYEa7d

mybs.in/2X4Y4j8 I-T department, other tax agencies can initiate insolvency: NCLAT