Mumbai, Jan 13: The National Company Law Tribunal (NCLT) has dismissed an application filed by the suspended promoters of ...

The Court examined whether an order rejecting a resolution plan could be appealed under the IBC. It held that appeals lie against both approval and rejection orders, directing parties to approach ...

Mumbai, Dec 31: The National Company Law Tribunal (NCLT) has approved the resolution plan for Indian Refrigerator Company Limited, bringing it close to the conclusion of the corporate insolvency ...

On July 30, the Fed and the FDIC published final guidance to enhance resolution planning at large banks. The guidance aims to assist certain larger financial institutions in developing their ...

The Situation: The Federal Deposit Insurance Corporation ("FDIC") has proposed significant amendments (the "Proposal") to its rule requiring covered insured depository institutions ("CIDIs") to ...

(Reuters) -The U.S. Federal Reserve and the Federal Deposit Insurance Corp identified a shortcoming in Citigroup Inc’s so-called “living will” that details how the firm would be unwound in the event ...

New Delhi, Sep 13 (PTI) The Supreme Court on Monday held that CoC approved resolution plan submitted to the National Company Law Tribunal (NCLT) cannot be modified or withdrawn as it would create ...

The Reserve Bank of India has granted its approval to Hinduja Group’s resolution plan for Reliance Capital (RCap), paving the way for the group’s takeover of the latter. Also read: Hinduja reworking ...

In a contempt petition filed by M/s JSW Steel Ltd, the court found that tax officers of the Chhattisgarh government had acted in contemptuous manner by sending demand notices after the company took ...

The Payment Clearing and Settlement Act requires that the Bank of Canada develop a resolution plan for each domestic designated financial market infrastructure (FMI).1 In early 2024, the Bank ...