Photo: Business Standard
Regulations Of Insolvency & Bankruptcy Board Modified
The Ministry of Corporate Affairs announced on June 15 that the Insolvency and Bankruptcy Board of India has modified the Insolvency and Bankruptcy Board of India Regulations, 2016. The change makes creditors responsible for sharing information about the corporate debtor's assets and obligations. The amendment also covers how avoidance petitions submitted with the Adjudicating Authority are treated after the corporate insolvency resolution… read-more
Tags: Insolvency, BANKRUPTCY, Insolvency and Bankruptcy Board of India, regulations, creditors
Courtesy: ANI
Photo: Deccan Herald
DHFL Creditors Approve Resolution Plan Submitted By Piramal Capital
The resolution plan submitted by Parimal Capital and Housing Finance Limited under the Insolvency and Bankruptcy Code has been approved by the creditors of the Dewan Housing Finance Corporation Limited (DHFL). Reportedly, Parimal's bid received 94% votes, leaving behind the other bidder Oaktree Capital that could manage only 45% votes. While shares of DHFL went bullish after the announcement, the stocks of Piramal Capital witnessed a fall. … read-more
Tags: DHFL, Ajay Parimal, business, Insolvency
Courtesy: News18
