TOPIC

insolvency

News Reports

SC reaffirms mandatory CCI approval in insolvency cases: Former SC Judge Justice AK Sikri strongly concurs with the landmark HNG judgement

OpIndia Staff - 16 March, 2025

In the HNGIL Insolvency case, the Supreme Court reaffirmed mandatory CCI approval in all IBC cases - a landmark judgement

Economy and Finance

CCI and AGI Greenpac used extreme examples to manufacture timeline conflict in IBC proceedings? What Supreme Court said in HNG case

OpIndia Staff - 12 March, 2025

SC has called into question the tactics used by the CCI and AGI Greenpac in a high-profile HNGIL insolvency case

News Reports

AGI Greenpac’s Review Petition after SC struck down resolution plan to acquire HNG: An attempt to further delay the longest running IBC case, causing...

OpIndia Staff - 6 March, 2025

AGI Greenpac, with its review petition, wants to restrain the CoC to consider other resolution plans which already had CCI approval, including the INSCO’s bid

Specials

HNG, longest running IBC case: CoC lead by SBI making Rs 850 crores losses due to delay, workers threaten suicide – Is Resolution Professional...

Nupur J Sharma - 15 July, 2024

SBI led CoC is making a loss of over Rs 35 crores per day due to the delay in the HNG IBC process - is the Resolution Professional to be blamed

Specials

Edelweiss round-tripping money? RBI order against the financial giant scathing in how it’s using group entities to circumvent IBC regulations: A case study

Nupur J Sharma - 17 June, 2024

The Reserve Bank of India on the 29th of May 2024 ordered Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from the acquisition of financial assets

Specials

Tipping the scale: How statutory body meant to thwart monopolies may be flouting regulatory norms, defeating purpose of Insolvency Laws

Nupur J Sharma - 8 June, 2024

To understand how CCI may be flouting the law in the process of IBC, we will analyse the Hindustan National Glass (HNG) case

News Reports

RBI bans Edelweiss from acquiring assets, SEBI fines AGI Greenpac, after OpIndia report on how they along with Ernst & Young manipulated insolvency process...

OpIndia Staff - 29 May, 2024

RBI ordered Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from acquisition of financial assets

Specials

How private financial companies are rigging the system meant to recover bad loans and loopholes that must be plugged in insolvency law: A case...

Nupur J Sharma - 27 May, 2024

Insolvency proceedings against HNG expose loopholes in IBC with INSCO and AGI Greenpac mired in a legal battle

News Reports

Modi govt’s Insolvency and Bankruptcy Code is constitutionally valid: Supreme Court rejects petitions challenging the code by Anil Ambani and others

OpIndia Staff - 9 November, 2023

Supreme Court rejected petitions challenging the Insolvency and Bankruptcy Code and said that it is constitutionally valid

News Reports

All flights of Go First canceled till May 26, how to get refunds and change flights: Details

Shraddha Pandey - 18 May, 2023

As per an Economic Times report, Go First Airlines is planning to resume its flight operations on May 27, 2023 and has also started training classes for its pilots.

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