Mena FN

IBBI Examines Giving Higher Priority To Msmes In IBC Liquidation Waterfall

(MENAFN- KNN India) New Delhi, Dec 13 (KNN) The Insolvency and Bankruptcy Board of India (IBBI) is examining the possibility of reviewing the liquidation waterfall mechanism under the Insolvency and ...
Mena FN

'Rearranging Hierarchy In Waterfall Mechanism Will Disrupt Equilibrium', SC On Workers' Union Plea On Payment On Liquidation

(MENAFN- IANS) New Delhi, May 2 (IANS) The Supreme Court on Tuesday dismissed a plea to strike down a provision of the Companies Act, 2013, according to which workers' dues will not get preferential ...
Business Line

IBC is not fair to retail investors

A listed company, being a contract between equity and debt, has equity owners retaining control as long as debt obligations are met. Consequently, a default brings creditors to the forefront, while ...
The Financial Express

NCLT can no longer co-opt the role of the CoC by mandating how proceeds should be distributed

On November 15, the Supreme Court (SC) paved the way for ArcelorMittal to take over Essar Steel India Limited (ESIL), by upholding the resolution plan originally approved by the committee of creditors ...
Deccan Herald

'Will disrupt equilibrium': SC quashes plea by workers union on payment on liquidation

'Will disrupt equilibrium': SC quashes plea by workers union on payment on liquidation Every change in the waterfall mechanism will affect balance of rights and interests of secured creditors, ...
The Financial Express

Liquidation of assets of insolvent builders: Do homebuyers need separate legal action?

The report presented by the Insolvency Law Committee has brought some hope to the homebuyers. Under the Insolvency and Bankruptcy (I&B) Code, the one affected the most are the genuine homebuyers of ...