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KCCI urges fair treatment for MSMEs in NCLT resolutions
In a letter addressed to Union Finance Minister Nirmala Sitharaman on October 7, Chamber President Ananthesh V Prabhu expressed concerns about the bleak prospects for MSMEs in recovering their dues after engaging in business with LLCs that end up before tRead more
Tata Steel Mining all set to acquire Rohit Ferro-Tech
Tata Steel Mining Ltd (TSML), a wholly-owned subsidiary of Tata Steel Limited, announced that it is the successful resolution applicant for Kolkata-based ferrochrome maker Rohit Ferro-Tech Ltd (RFT). Read more
Success of pre-pack insolvency scheme depends on implementation by CoC: NCLT
If this scheme performs well, it may be expanded to other corporate debtors as well, discussed during the webinar.Read more
ASSOCHAM: Extend NCLT moratorium till Dec 2021
After a year-long moratorium on taking the financially stressed companies for NCLT resolution under IBC, the normalcy was restored in the last week of March 2021.Read more